Q3 2024 Earnings Estimate for Sierra Bancorp (NASDAQ:BSRR) Issued By DA Davidson

Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson issued their Q3 2024 EPS estimates for Sierra Bancorp in a research note issued on Tuesday, July 23rd. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.76 per share for the quarter. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.58 per share. DA Davidson also issued estimates for Sierra Bancorp’s FY2024 earnings at $2.84 EPS.

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

Sierra Bancorp Price Performance

Shares of NASDAQ:BSRR opened at $30.16 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.74 and a quick ratio of 0.74. Sierra Bancorp has a 1-year low of $16.75 and a 1-year high of $31.85. The company has a market capitalization of $440.34 million, a P/E ratio of 12.46 and a beta of 0.91. The firm’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $20.63.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The company 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%.

Sierra Bancorp Increases Dividend

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

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 transaction of $105,944.37. Following the transaction, the executive vice president now owns 31,353 shares in the company, valued at $698,858.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.86% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its holdings in shares of Sierra Bancorp by 45.7% in the first quarter. Lazard Asset Management LLC now owns 3,051 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 957 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Sierra Bancorp by 16.0% in the fourth quarter. SG Americas Securities LLC now owns 7,338 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 1,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sierra Bancorp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 996,631 shares of the financial services provider’s stock worth $22,474,000 after acquiring an additional 3,348 shares during the period. Acadian Asset Management LLC purchased a new stake in Sierra Bancorp in the first quarter worth about $94,000. Finally, Empowered Funds LLC lifted its stake in Sierra Bancorp by 8.0% in the first quarter. Empowered Funds LLC now owns 66,202 shares of the financial services provider’s stock worth $1,337,000 after acquiring an additional 4,900 shares during the period. 55.40% of the stock is currently owned by institutional investors.

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.