Brokerages expect that Sierra Bancorp (NASDAQ:BSRR) will report sales of $27.23 million for the current quarter, according to Zacks. Three analysts have provided estimates for Sierra Bancorp’s earnings, with the lowest sales estimate coming in at $26.80 million and the highest estimate coming in at $27.50 million. Sierra Bancorp posted sales of $22.02 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.7%. The business is expected to report its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $27.23 million for the current year, with estimates ranging from $111.70 million to $112.25 million. For the next financial year, analysts forecast that the business will post sales of $119.43 million per share, with estimates ranging from $117.90 million to $121.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Sierra Bancorp had a net margin of 19.02% and a return on equity of 10.34%. The business had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million.
In other news, Director Gordon T. Woods sold 3,000 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robb Evans bought 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the completion of the transaction, the director now directly owns 16,200 shares of the company’s stock, valued at approximately $449,712. The disclosure for this purchase can be found here. 20.77% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp during the third quarter worth approximately $148,000. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 800 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sierra Bancorp during the third quarter worth approximately $204,000. Virtu Financial LLC acquired a new position in shares of Sierra Bancorp during the fourth quarter worth approximately $215,000. Finally, Wells Fargo & Company MN lifted its position in shares of Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 49.15% of the company’s stock.
Shares of Sierra Bancorp (NASDAQ:BSRR) opened at $26.82 on Monday. 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 12-month low of $23.10 and a 12-month high of $29.50. The firm has a market cap of $408.28, a PE ratio of 17.42, a PEG ratio of 1.69 and a beta of 0.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.16 dividend. The ex-dividend date is Wednesday, January 31st. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 2.39%. Sierra Bancorp’s payout ratio is 47.06%.
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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