FY2024 EPS Estimates for Sierra Bancorp Cut by Analyst (NASDAQ:BSRR)

Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson dropped their FY2024 earnings estimates for shares of Sierra Bancorp in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $2.52 per share for the year, down from their prior forecast of $2.67. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.33 per share.

Other equities research analysts have also issued research reports about the stock. Janney Montgomery Scott upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and cut their price target for the company from $24.00 to $23.00 in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday.

Sierra Bancorp Stock Down 2.3 %

BSRR stock opened at $20.42 on Thursday. Sierra Bancorp has a 52-week low of $15.01 and a 52-week high of $23.21. The company’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $19.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $299.15 million, a P/E ratio of 8.50 and a beta of 0.93.

Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 29th. The financial services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). Sierra Bancorp had a return on equity of 11.11% and a net margin of 17.80%. The business had revenue of $50.49 million during the quarter, compared to the consensus estimate of $35.15 million.

Institutional Trading of Sierra Bancorp

Several large investors have recently added to or reduced their stakes in BSRR. SG Americas Securities LLC bought a new stake in Sierra Bancorp in the third quarter worth approximately $120,000. Bfsg LLC bought a new stake in Sierra Bancorp in the fourth quarter worth approximately $122,000. Trexquant Investment LP bought a new stake in Sierra Bancorp in the fourth quarter worth approximately $280,000. BNP Paribas Financial Markets grew its position in Sierra Bancorp by 118.2% in the fourth quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Sierra Bancorp in the third quarter worth approximately $689,000. 55.40% of the stock is owned by institutional investors.

Sierra Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, April 29th. Sierra Bancorp’s dividend payout ratio is 38.02%.

About Sierra Bancorp

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.