FY2025 EPS Estimates for Sierra Bancorp (NASDAQ:BSRR) Increased by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for shares of Sierra Bancorp in a research note issued on Tuesday, July 23rd. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.95 per share for the year, up from their prior estimate of $2.59. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.58 per share.

Several other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Sierra Bancorp from $23.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday. StockNews.com upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Janney Montgomery Scott downgraded shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 15th.

Sierra Bancorp Trading Up 1.9 %

Shares of Sierra Bancorp stock opened at $30.20 on Thursday. The firm has a market cap of $440.92 million, a PE ratio of 12.48 and a beta of 0.91. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.25. Sierra Bancorp has a fifty-two week low of $16.75 and a fifty-two week high of $30.83. The business’s fifty day moving average is $22.22 and its two-hundred day moving average is $20.56.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $51.13 million during the quarter, compared to analyst estimates of $36.30 million. Sierra Bancorp had a net margin of 17.77% and a return on equity of 10.82%.

Institutional Investors Weigh In On Sierra Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Sierra Bancorp by 27.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 67,149 shares of the financial services provider’s stock worth $1,514,000 after acquiring an additional 14,320 shares during the period. Trexquant Investment LP bought a new position in shares of Sierra Bancorp during the fourth quarter valued at approximately $280,000. Dimensional Fund Advisors LP raised its position in shares of Sierra Bancorp by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 996,631 shares of the financial services provider’s stock worth $22,474,000 after purchasing an additional 3,348 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Sierra Bancorp by 118.2% in the 4th quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 8,243 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Sierra Bancorp by 20.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 43,620 shares of the financial services provider’s stock worth $984,000 after buying an additional 7,260 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sierra Bancorp

In other Sierra Bancorp news, EVP Michael Olague sold 4,753 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.29, for a total value of $105,944.37. Following the transaction, the executive vice president now owns 31,353 shares in the company, valued at approximately $698,858.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.86% of the stock is currently owned by corporate insiders.

Sierra Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.23. Sierra Bancorp’s dividend payout ratio is 38.02%.

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.