FY2025 EPS Estimate for Sierra Bancorp Raised by Analyst

Sierra Bancorp (NASDAQ:BSRR) – DA Davidson raised their FY2025 earnings per share estimates for Sierra Bancorp in a research note issued on Tuesday, April 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $3.03 for the year, up from their prior estimate of $2.98. DA Davidson has a “Buy” rating and a $36.00 price target on the stock. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.95 per share. DA Davidson also issued estimates for Sierra Bancorp’s FY2026 earnings at $3.27 EPS.

BSRR has been the subject of several other research reports. Keefe, Bruyette & Woods lowered their price target on shares of Sierra Bancorp from $32.00 to $31.00 and set a “market perform” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday.

Sierra Bancorp Trading Up 0.6 %

Sierra Bancorp stock opened at $26.61 on Thursday. Sierra Bancorp has a 1 year low of $19.77 and a 1 year high of $35.13. The firm’s 50-day moving average is $27.43 and its 200-day moving average is $29.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $368.02 million, a P/E ratio of 9.47 and a beta of 0.76.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $36.75 million during the quarter, compared to the consensus estimate of $37.51 million. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%.

Hedge Funds Weigh In On Sierra Bancorp

Several institutional investors have recently bought and sold shares of BSRR. Jane Street Group LLC boosted its position in Sierra Bancorp by 9.7% during the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 1,484 shares during the period. Barclays PLC boosted its holdings in shares of Sierra Bancorp by 301.7% during the 3rd quarter. Barclays PLC now owns 16,896 shares of the financial services provider’s stock worth $488,000 after buying an additional 12,690 shares during the period. Franklin Resources Inc. acquired a new position in Sierra Bancorp in the 3rd quarter valued at $216,000. JPMorgan Chase & Co. raised its holdings in Sierra Bancorp by 40.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,858 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 19,025 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Sierra Bancorp by 20.3% in the fourth quarter. SG Americas Securities LLC now owns 5,903 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 997 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michael Olague sold 3,563 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $31.15, for a total transaction of $110,987.45. Following the completion of the sale, the executive vice president now directly owns 12,409 shares of the company’s stock, valued at $386,540.35. This trade represents a 22.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie G. Castle sold 1,104 shares of Sierra Bancorp stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $32.00, for a total transaction of $35,328.00. Following the completion of the sale, the director now directly owns 4,157 shares of the company’s stock, valued at approximately $133,024. The trade was a 20.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,393 shares of company stock worth $166,994. 11.86% of the stock is currently owned by company insiders.

Sierra Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.25 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 35.46%.

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.