Equities analysts predict that Sierra Bancorp (NASDAQ:BSRR) will announce earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sierra Bancorp’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.38. Sierra Bancorp reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 42.9%. The business is scheduled to issue its next quarterly earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Sierra Bancorp will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.48 to $1.54. For the next year, analysts expect that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.70 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.80 million. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%.

Several brokerages recently issued reports on BSRR. DA Davidson raised Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, May 23rd. ValuEngine cut Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Hovde Group lifted their price objective on Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a report on Friday, July 28th. BidaskClub raised Sierra Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.75.

Sierra Bancorp (NASDAQ:BSRR) opened at 25.04 on Friday. The firm has a market capitalization of $346.50 million, a P/E ratio of 18.16 and a beta of 0.86. The stock’s 50 day moving average price is $25.22 and its 200 day moving average price is $26.14. Sierra Bancorp has a 52 week low of $17.25 and a 52 week high of $29.50.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.24%. Sierra Bancorp’s dividend payout ratio (DPR) is 40.88%.

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In other news, Director Robert L. Fields sold 2,465 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total value of $66,875.45. Following the completion of the transaction, the director now directly owns 410,078 shares of the company’s stock, valued at $11,125,416.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Fields sold 9,600 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $27.14, for a total value of $260,544.00. Following the completion of the transaction, the director now directly owns 412,543 shares of the company’s stock, valued at $11,196,417.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,165 shares of company stock valued at $330,119. Insiders own 15.24% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BSRR. Wellington Management Group LLP boosted its position in Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock worth $20,811,000 after buying an additional 446,962 shares during the period. FMR LLC boosted its position in Sierra Bancorp by 64.3% in the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock worth $10,667,000 after buying an additional 152,200 shares during the period. Vanguard Group Inc. boosted its position in Sierra Bancorp by 22.4% in the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock worth $12,500,000 after buying an additional 83,492 shares during the period. Renaissance Technologies LLC boosted its position in Sierra Bancorp by 43.4% in the first quarter. Renaissance Technologies LLC now owns 214,600 shares of the financial services provider’s stock worth $5,886,000 after buying an additional 64,905 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Sierra Bancorp by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 876,353 shares of the financial services provider’s stock worth $24,038,000 after buying an additional 48,508 shares during the period. 54.23% of the stock is owned by institutional investors.

About Sierra Bancorp

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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