Sierra Bancorp (BSRR) to Release Earnings on Monday
Sierra Bancorp (NASDAQ:BSRR) is set to issue its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Sierra Bancorp had a net margin of 19.99% and a return on equity of 8.79%. The business had revenue of $22.02 million for the quarter, compared to the consensus estimate of $22.35 million. On average, analysts expect Sierra Bancorp to post $1.45 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
Sierra Bancorp (BSRR) opened at 23.75 on Monday. The company has a market cap of $328.49 million, a price-to-earnings ratio of 18.14 and a beta of 0.85. Sierra Bancorp has a 52-week low of $16.98 and a 52-week high of $29.50. The firm’s 50-day moving average is $24.85 and its 200 day moving average is $26.26.
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BSRR has been the topic of a number of research analyst reports. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, March 20th. DA Davidson raised Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, May 23rd. ValuEngine raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price target on shares of Sierra Bancorp in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Sierra Bancorp has an average rating of “Buy” and an average price target of $26.88.
In other news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction dated Friday, April 28th. The shares were acquired at an average cost of $25.39 per share, with a total value of $25,390.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $380,850. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.24% of the company’s stock.
About Sierra Bancorp
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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