Wall Street brokerages expect that Sierra Bancorp (NASDAQ:BSRR) will announce sales of $30.03 million for the current quarter, according to Zacks. Three analysts have provided estimates for Sierra Bancorp’s earnings. The highest sales estimate is $30.30 million and the lowest is $29.90 million. Sierra Bancorp reported sales of $28.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is scheduled to issue its next quarterly earnings results on Monday, July 22nd.

According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $121.27 million for the current fiscal year, with estimates ranging from $121.10 million to $121.40 million. For the next year, analysts expect that the company will report sales of $125.30 million, with estimates ranging from $123.80 million to $126.70 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $29.50 million. Sierra Bancorp had a net margin of 24.90% and a return on equity of 11.80%.

A number of analysts have recently issued reports on BSRR shares. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.33.

Shares of NASDAQ BSRR traded down $0.14 during mid-day trading on Monday, reaching $25.84. 16,923 shares of the company were exchanged, compared to its average volume of 23,024. The firm’s 50-day moving average is $25.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $398.23 million, a PE ratio of 13.46, a P/E/G ratio of 1.45 and a beta of 0.92. Sierra Bancorp has a twelve month low of $22.67 and a twelve month high of $31.18.

In other Sierra Bancorp news, EVP Michael Olague acquired 7,106 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $27.41 per share, for a total transaction of $194,775.46. Following the purchase, the executive vice president now directly owns 31,297 shares of the company’s stock, valued at $857,850.77. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robb Evans acquired 1,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of $26.63 per share, with a total value of $26,630.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $532,600. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 22,106 shares of company stock valued at $604,025. 10.34% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of BSRR. Kennedy Capital Management Inc. raised its stake in Sierra Bancorp by 71.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 245,651 shares of the financial services provider’s stock worth $5,969,000 after purchasing an additional 102,723 shares in the last quarter. Walthausen & Co. LLC acquired a new stake in Sierra Bancorp in the 1st quarter worth about $1,387,000. BlackRock Inc. raised its stake in Sierra Bancorp by 4.6% in the 4th quarter. BlackRock Inc. now owns 1,065,723 shares of the financial services provider’s stock worth $25,609,000 after purchasing an additional 46,432 shares in the last quarter. Millennium Management LLC raised its stake in Sierra Bancorp by 63.8% in the 4th quarter. Millennium Management LLC now owns 68,799 shares of the financial services provider’s stock worth $1,653,000 after purchasing an additional 26,790 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Sierra Bancorp in the 4th quarter worth about $593,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

About Sierra Bancorp

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. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.

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Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

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