Analysts forecast that Sierra Bancorp (NASDAQ:BSRR) will announce sales of $27.23 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $27.50 million and the lowest estimate coming in at $26.80 million. Sierra Bancorp posted sales of $22.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.7%. The business is expected to announce its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that Sierra Bancorp will report full-year sales of $112.05 million for the current financial year, with estimates ranging from $111.70 million to $112.25 million. For the next year, analysts anticipate that the firm will report sales of $119.43 million per share, with estimates ranging from $117.90 million to $121.50 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Sierra Bancorp had a return on equity of 9.87% and a net margin of 19.02%. The company had revenue of $27.91 million for the quarter, compared to analyst estimates of $26.90 million.
Several equities research analysts have recently weighed in on BSRR shares. Zacks Investment Research raised Sierra Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, December 26th. BidaskClub raised Sierra Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday. Sandler O’Neill set a $29.00 target price on Sierra Bancorp and gave the stock a “hold” rating in a research report on Thursday, March 29th. Finally, Hovde Group set a $30.00 target price on Sierra Bancorp and gave the stock a “hold” rating in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.14.
Shares of NASDAQ BSRR opened at $27.99 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Sierra Bancorp has a fifty-two week low of $23.10 and a fifty-two week high of $28.87. The stock has a market cap of $415.61, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75.
In other news, Director Robb Evans purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the purchase, the director now directly owns 16,200 shares of the company’s stock, valued at approximately $449,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,730 shares of company stock worth $47,297 in the last three months. Corporate insiders own 20.77% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Ford Financial Group Inc. purchased a new position in Sierra Bancorp during the 4th quarter worth approximately $106,000. SG Americas Securities LLC purchased a new position in Sierra Bancorp during the 3rd quarter worth approximately $148,000. MetLife Investment Advisors LLC purchased a new position in Sierra Bancorp during the 4th quarter worth approximately $155,000. Two Sigma Advisers LP purchased a new position in Sierra Bancorp during the 4th quarter worth approximately $213,000. Finally, Virtu Financial LLC purchased a new position in Sierra Bancorp during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 52.01% of the company’s stock.
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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. 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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