Sierra Bancorp FY2025 EPS Forecast Decreased by DA Davidson

Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson reduced their FY2025 earnings per share estimates for Sierra Bancorp in a report released on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $3.02 per share for the year, down from their prior forecast of $3.04. 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 $3.15 EPS.

Separately, Zacks Research downgraded Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sierra Bancorp currently has an average rating of “Hold” and an average target price of $33.50.

Sierra Bancorp Stock Performance

Shares of Sierra Bancorp stock opened at $28.91 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $29.84 and a two-hundred day moving average price of $28.64. Sierra Bancorp has a 1-year low of $22.42 and a 1-year high of $35.13. The company has a market cap of $392.89 million, a P/E ratio of 10.00 and a beta of 0.81.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Sierra Bancorp had a return on equity of 11.44% and a net margin of 20.09%.The business had revenue of $39.21 million during the quarter, compared to the consensus estimate of $38.47 million.

Institutional Trading of Sierra Bancorp

Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Sierra Bancorp in the 4th quarter valued at about $475,000. GAMMA Investing LLC boosted its stake in Sierra Bancorp by 13,970.1% during the 1st quarter. GAMMA Investing LLC now owns 15,055 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 14,948 shares during the last quarter. Millennium Management LLC boosted its stake in Sierra Bancorp by 301.4% during the 4th quarter. Millennium Management LLC now owns 37,858 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 28,426 shares during the last quarter. Nuveen LLC acquired a new position in Sierra Bancorp during the 1st quarter valued at about $960,000. Finally, Two Sigma Investments LP acquired a new position in Sierra Bancorp during the 4th quarter valued at about $458,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Julie G. Castle sold 976 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $29.25, for a total value of $28,548.00. Following the completion of the sale, the director directly owned 3,181 shares in the company, valued at $93,044.25. This trade represents a 23.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Olague sold 9,193 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $28.41, for a total value of $261,173.13. Following the completion of the sale, the executive vice president owned 8,809 shares of the company’s stock, valued at approximately $250,263.69. This represents a 51.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.63% of the company’s stock.

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were paid a $0.25 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. Sierra Bancorp’s dividend payout ratio (DPR) is currently 34.60%.

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.