Analysts expect Sierra Bancorp (NASDAQ:BSRR) to report $23.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sierra Bancorp’s earnings, with the lowest sales estimate coming in at $23.80 million and the highest estimate coming in at $24.00 million. Sierra Bancorp reported sales of $21.90 million during the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is expected to issue its next earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Sierra Bancorp will report full year sales of $23.90 million for the current fiscal year, with estimates ranging from $94.50 million to $97.50 million. For the next fiscal year, analysts forecast that the company will post sales of $110.90 million per share, with estimates ranging from $109.10 million to $112.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Sierra Bancorp had a net margin of 20.35% and a return on equity of 9.13%. The firm had revenue of $23.20 million for the quarter, compared to analyst estimates of $22.80 million.

BSRR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 11th. ValuEngine raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Hovde Group boosted their price objective on shares of Sierra Bancorp from $26.50 to $27.75 and gave the company a “market perform” rating in a research note on Friday, July 28th. BidaskClub cut shares of Sierra Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Sierra Bancorp presently has a consensus rating of “Hold” and a consensus price target of $27.95.

In other Sierra Bancorp news, Director Robert L. Fields sold 9,600 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 owns 412,543 shares of the company’s stock, valued at approximately $11,196,417.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Fields sold 2,465 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.13, for a total transaction 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 approximately $11,125,416.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,165 shares of company stock valued at $330,119. 15.24% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in Sierra Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after buying an additional 196 shares in the last quarter. American International Group Inc. grew its stake in Sierra Bancorp by 7.1% in the 1st 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 in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Sierra Bancorp by 12.4% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares in the last quarter. Teachers Advisors LLC grew its stake in Sierra Bancorp by 7.2% in the 4th 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 in the last quarter. Finally, Strs Ohio grew its stake in Sierra Bancorp by 6.2% in the 2nd 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 in the last quarter. 53.13% of the stock is owned by institutional investors and hedge funds.

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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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