Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson upped their FY2018 earnings per share (EPS) estimates for Sierra Bancorp in a research report issued on Monday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $1.80 per share for the year, up from their previous forecast of $1.78. DA Davidson has a “Buy” rating and a $30.00 price objective on the stock.
Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price target on shares of Sierra Bancorp in a report on Friday, July 14th. Hovde Group lifted their price target on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a report on Friday. ValuEngine cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.75.
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Sierra Bancorp (BSRR) traded down 0.74% during trading on Wednesday, hitting $26.65. The stock had a trading volume of 41,972 shares. The firm has a market capitalization of $368.60 million, a PE ratio of 20.36 and a beta of 0.85. The firm has a 50 day moving average price of $24.83 and a 200-day moving average price of $26.12. Sierra Bancorp has a 1-year low of $16.98 and a 1-year high of $29.50.
Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Sierra Bancorp had a return on equity of 9.22% and a net margin of 20.35%. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.80 million.
Several large investors have recently bought and sold shares of the company. American International Group Inc. boosted its stake in Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after buying an additional 478 shares during the period. Teachers Advisors LLC boosted its stake in shares of Sierra Bancorp by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 19,424 shares of the financial services provider’s stock worth $516,000 after buying an additional 1,300 shares during the last quarter. Strs Ohio boosted its stake in shares of Sierra Bancorp by 6.2% in the second quarter. Strs Ohio now owns 25,800 shares of the financial services provider’s stock worth $633,000 after buying an additional 1,500 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sierra Bancorp by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 91,748 shares of the financial services provider’s stock worth $2,516,000 after buying an additional 2,486 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Sierra Bancorp by 33.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the financial services provider’s stock worth $582,000 after buying an additional 5,300 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.10%. Sierra Bancorp’s dividend payout ratio (DPR) is presently 40.88%.
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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