Sierra Bancorp (NASDAQ:BSRR – Get Free Report) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report issued on Tuesday, MarketBeat reports. The brokerage presently has a $23.00 target price on the financial services provider’s stock, down from their prior target price of $24.00. Janney Montgomery Scott’s target price would suggest a potential upside of 10.05% from the stock’s previous close.
Sierra Bancorp Stock Performance
Shares of BSRR opened at $20.90 on Tuesday. Sierra Bancorp has a 1 year low of $15.01 and a 1 year high of $23.21. The company has a market cap of $306.19 million, a price-to-earnings ratio of 8.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a fifty day moving average of $18.73 and a 200-day moving average of $19.52.
Sierra Bancorp (NASDAQ:BSRR – Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.26). The company had revenue of $50.49 million during the quarter, compared to analyst estimates of $35.15 million. Sierra Bancorp had a return on equity of 11.11% and a net margin of 17.80%. As a group, equities analysts anticipate that Sierra Bancorp will post 2.33 earnings per share for the current year.
Institutional Investors Weigh In On Sierra Bancorp
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.
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