FY2024 EPS Estimates for Sierra Bancorp Cut by Analyst (NASDAQ:BSRR)

Sierra Bancorp (NASDAQ:BSRR) – Stock analysts at DA Davidson decreased their FY2024 EPS estimates for Sierra Bancorp in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.52 per share for the year, down from their previous forecast of $2.67. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.33 per share.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.26). Sierra Bancorp had a return on equity of 11.11% and a net margin of 17.80%. The firm had revenue of $50.49 million for the quarter, compared to analysts’ expectations of $35.15 million.

A number of other brokerages have also recently issued reports on BSRR. Janney Montgomery Scott raised shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and dropped their target price for the company from $24.00 to $23.00 in a report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of Sierra Bancorp from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Tuesday.

Sierra Bancorp Trading Down 2.3 %

Shares of Sierra Bancorp stock opened at $20.42 on Thursday. Sierra Bancorp has a 12-month low of $15.01 and a 12-month high of $23.21. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $299.15 million, a PE ratio of 8.50 and a beta of 0.93. The company has a 50-day moving average of $18.77 and a two-hundred day moving average of $19.53.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its stake in shares of Sierra Bancorp by 15.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 77,645 shares of the financial services provider’s stock worth $1,568,000 after purchasing an additional 10,496 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Sierra Bancorp during the 4th quarter worth approximately $280,000. Dimensional Fund Advisors LP boosted its position in Sierra Bancorp by 0.3% during 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 last quarter. BNP Paribas Financial Markets boosted its position in Sierra Bancorp by 118.2% during the fourth quarter. BNP Paribas Financial Markets now owns 15,218 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 8,243 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Sierra Bancorp by 20.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 43,620 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 7,260 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Sierra Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.51%. Sierra Bancorp’s dividend payout ratio (DPR) is 38.02%.

Sierra Bancorp Company Profile

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.