Brokerages expect that Sierra Bancorp (NASDAQ:BSRR) will post $26.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sierra Bancorp’s earnings. The highest sales estimate is $27.20 million and the lowest is $26.70 million. Sierra Bancorp posted sales of $23.14 million during the same quarter last year, which suggests a positive year over year growth rate of 16.5%. The company is expected to issue its next earnings results on Monday, January 22nd.

According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $26.95 million for the current fiscal year, with estimates ranging from $96.30 million to $97.40 million. For the next year, analysts anticipate that the firm will report sales of $111.45 million per share, with estimates ranging from $110.50 million to $112.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. The business had revenue of $24.35 million during the quarter, compared to analysts’ expectations of $23.90 million.

Several analysts have issued reports on BSRR shares. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Monday, September 25th. Finally, ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.15.

Sierra Bancorp (BSRR) opened at $27.27 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 1-year low of $22.82 and a 1-year high of $29.50. The company has a market cap of $426.89, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.31 and a beta of 0.80.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, November 1st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 37.33%.

In other news, Director Robb Evans purchased 1,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at approximately $416,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gordon T. Woods sold 3,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.50, for a total transaction of $85,500.00. The disclosure for this sale can be found here. Corporate insiders own 20.77% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP raised its position in shares of Sierra Bancorp by 170.7% in the third quarter. GSA Capital Partners LLP now owns 25,850 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 16,300 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Sierra Bancorp by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock valued at $25,484,000 after purchasing an additional 32,745 shares during the period. Brown Advisory Inc. bought a new position in shares of Sierra Bancorp in the third quarter valued at about $1,060,000. Wells Fargo & Company MN raised its position in shares of Sierra Bancorp by 54.9% in the third quarter. Wells Fargo & Company MN now owns 12,893 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 4,572 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Sierra Bancorp in the third quarter valued at about $204,000. 49.24% of the stock is currently owned by institutional investors.

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Sierra Bancorp Company Profile

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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Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

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