Sierra Bancorp (NASDAQ:BSRR) Given Average Rating of “Hold” by Analysts

Sierra Bancorp (NASDAQ:BSRR – Get Rating) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $22.25.

Several equities analysts have issued reports on BSRR shares. StockNews.com assumed coverage on shares of Sierra Bancorp in a report on Thursday. They set a “hold” rating on the stock. Hovde Group cut shares of Sierra Bancorp from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research report on Tuesday, January 31st. TheStreet cut shares of Sierra Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, April 25th. Finally, DA Davidson upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $19.50 price objective for the company in a research report on Tuesday, April 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Sierra Bancorp during the 1st quarter valued at about $42,000. BNP Paribas Arbitrage SNC increased its stake in shares of Sierra Bancorp by 54.3% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,850 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,003 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Sierra Bancorp by 276.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,991 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,197 shares during the last quarter. CWM LLC increased its stake in shares of Sierra Bancorp by 1,005.6% during the 1st quarter. CWM LLC now owns 3,538 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 3,218 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Sierra Bancorp by 48.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,389 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors and hedge funds own 52.39% of the company’s stock.

Sierra Bancorp Stock Performance

BSRR opened at $16.05 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.28. The company has a market cap of $241.55 million, a price-to-earnings ratio of 6.92 and a beta of 0.93. Sierra Bancorp has a 52-week low of $15.01 and a 52-week high of $22.99. The firm’s fifty day simple moving average is $16.54 and its two-hundred day simple moving average is $19.60.

Sierra Bancorp (NASDAQ:BSRR – Get Rating) last posted its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.06). The company had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $35.45 million. Sierra Bancorp had a net margin of 21.29% and a return on equity of 11.62%. Equities analysts anticipate that Sierra Bancorp will post 2.42 earnings per share for the current fiscal year.

Sierra Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Monday, May 1st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.73%. The ex-dividend date was Friday, April 28th. Sierra Bancorp’s payout ratio is 39.66%.

Sierra Bancorp Company Profile

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Sierra Bancorp is a holding company, which engages in the business of holding the stock of the Bank of the Sierra and its subsidiaries. The firm is also involved in the provision of specialized lending services through a dedicated agricultural credit office. Its loan portfolio includes agricultural, commercial, consumer, real estate, construction, and mortgage.