Sierra Bancorp (NASDAQ:BSRR) Forecasted to Earn Q2 2024 Earnings of $0.64 Per Share

Sierra Bancorp (NASDAQ:BSRR) – DA Davidson issued their Q2 2024 earnings estimates for shares of Sierra Bancorp in a research note issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.64 per share for the quarter. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.33 per share. DA Davidson also issued estimates for Sierra Bancorp’s FY2025 earnings at $2.58 EPS.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data 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 net margin of 18.01% and a return on equity of 11.03%. The company had revenue of $50.49 million for the quarter, compared to analyst estimates of $35.15 million.

A number of other research firms also recently commented on BSRR. Janney Montgomery Scott raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $24.00 to $23.00 in a research note 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 for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sierra Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Sierra Bancorp Trading Up 5.4 %

NASDAQ BSRR opened at $19.96 on Wednesday. Sierra Bancorp has a 12 month low of $15.01 and a 12 month high of $23.21. The company has a 50-day moving average of $18.69 and a 200-day moving average of $19.51. 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 company has a market cap of $292.37 million, a P/E ratio of 8.46 and a beta of 0.93.

Institutional Trading of Sierra Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of BSRR. SG Americas Securities LLC acquired a new stake in Sierra Bancorp during the 3rd quarter worth approximately $120,000. Private Management Group Inc. boosted its holdings in Sierra Bancorp by 4.0% in the 3rd quarter. Private Management Group Inc. now owns 653,714 shares of the financial services provider’s stock worth $12,394,000 after acquiring an additional 25,256 shares during the period. Los Angeles Capital Management LLC purchased a new position in Sierra Bancorp in the 3rd quarter worth approximately $689,000. Assenagon Asset Management S.A. boosted its holdings in Sierra Bancorp by 2.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 52,829 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 1,095 shares during the period. Finally, Bfsg LLC purchased a new position in Sierra Bancorp in the 4th quarter worth approximately $122,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Sierra Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Monday, April 29th. Sierra Bancorp’s dividend payout ratio (DPR) is presently 38.98%.

Sierra Bancorp Company Profile

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.