Sierra Bancorp (BSRR) Expected to Announce Earnings of $0.46 Per Share

Wall Street brokerages forecast that Sierra Bancorp (NASDAQ:BSRR) will post $0.46 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sierra Bancorp’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.43. Sierra Bancorp reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year-over-year growth rate of 43.8%. The company is scheduled to issue its next earnings report on Monday, April 23rd.

According to Zacks, analysts expect that Sierra Bancorp will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.92 to $2.02. For the next financial year, analysts forecast that the company will report earnings of $2.17 per share, with EPS estimates ranging from $2.07 to $2.28. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $27.91 million during the quarter, compared to analyst estimates of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%.

BSRR has been the subject of several analyst reports. BidaskClub raised shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. FIG Partners initiated coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They set a “market-perform” rating and a $30.00 price target for the company. Zacks Investment Research lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Finally, DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.17.

In related news, Director Robb Evans acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $27.76 per share, with a total value of $27,760.00. Following the transaction, the director now directly owns 16,200 shares of the company’s stock, valued at approximately $449,712. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gordon T. Woods sold 3,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were 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. Company insiders own 20.77% of the company’s stock.

Several institutional investors have recently made changes to their positions in BSRR. Vanguard Group Inc. increased its holdings in Sierra Bancorp by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock worth $12,274,000 after buying an additional 44,242 shares during the period. Brown Advisory Inc. acquired a new position in Sierra Bancorp in the 3rd quarter worth approximately $1,060,000. Dimensional Fund Advisors LP increased its holdings in Sierra Bancorp by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock worth $25,484,000 after buying an additional 32,745 shares during the period. Penn Capital Management Co. Inc. acquired a new position in Sierra Bancorp in the 4th quarter worth approximately $692,000. Finally, Macquarie Group Ltd. acquired a new position in Sierra Bancorp in the 3rd quarter worth approximately $658,000. 49.15% of the stock is owned by hedge funds and other institutional investors.

Sierra Bancorp (NASDAQ:BSRR) traded up $0.70 during mid-day trading on Friday, hitting $26.82. 20,654 shares of the company’s stock traded hands, compared to its average volume of 30,456. The stock has a market capitalization of $419.11, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.75. Sierra Bancorp has a 1-year low of $23.10 and a 1-year high of $29.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.16 dividend. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, January 31st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 46.72%.

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

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