FY2025 EPS Estimates for Sierra Bancorp Lifted by Analyst

Sierra Bancorp (NASDAQ:BSRR) – DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Sierra Bancorp in a research note issued to investors on Tuesday, October 28th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $3.06 for the year, up from their previous estimate of $3.02. DA Davidson currently has a “Buy” rating and a $36.00 target price 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 $3.63 EPS.

Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.07). The firm had revenue of $40.03 million during the quarter, compared to analyst estimates of $39.57 million. Sierra Bancorp had a net margin of 19.70% and a return on equity of 11.21%.

A number of other research firms also recently commented on BSRR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sierra Bancorp in a report on Tuesday, October 14th. Zacks Research cut shares of Sierra Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Sierra Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sierra Bancorp currently has an average rating of “Moderate Buy” and an average target price of $34.50.

Sierra Bancorp Price Performance

BSRR opened at $29.27 on Thursday. The company has a market capitalization of $397.78 million, a P/E ratio of 10.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s fifty day moving average price is $29.25 and its two-hundred day moving average price is $28.77. Sierra Bancorp has a fifty-two week low of $22.42 and a fifty-two week high of $35.13.

Institutional Trading of Sierra Bancorp

Several hedge funds have recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Sierra Bancorp by 15.1% in the 1st quarter. CWM LLC now owns 4,920 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 647 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Sierra Bancorp in the 1st quarter valued at $612,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sierra Bancorp by 5.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,637 shares of the financial services provider’s stock worth $1,077,000 after purchasing an additional 1,907 shares in the last quarter. Invesco Ltd. acquired a new position in Sierra Bancorp in the first quarter worth $242,000. Finally, Nuveen LLC bought a new stake in shares of Sierra Bancorp during the first quarter worth $960,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Insider Transactions at Sierra Bancorp

In related news, EVP Michael Olague sold 9,193 shares of Sierra Bancorp stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $28.41, for a total transaction of $261,173.13. Following the completion of the transaction, the executive vice president directly owned 8,809 shares of the company’s stock, valued at $250,263.69. This trade represents a 51.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.86% of the stock is owned by corporate insiders.

Sierra Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%. Sierra Bancorp’s dividend payout ratio (DPR) is 34.84%.

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.