FY2025 EPS Forecast for Sierra Bancorp Reduced by Analyst

Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson cut their FY2025 earnings estimates for Sierra Bancorp in a research report issued on Tuesday, July 29th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $3.04 per share for the year, down from their prior estimate of $3.09. DA Davidson currently has a “Buy” rating and a $36.00 target price on the stock. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.95 per share. DA Davidson also issued estimates for Sierra Bancorp’s FY2026 earnings at $3.28 EPS.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. Sierra Bancorp had a net margin of 20.09% and a return on equity of 11.44%. The business had revenue of $39.21 million for the quarter, compared to analysts’ expectations of $38.47 million.

Several other research firms have also recently issued reports on BSRR. Wall Street Zen cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods cut their price target on shares of Sierra Bancorp from $32.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th.

Sierra Bancorp Trading Down 2.6%

NASDAQ BSRR opened at $29.39 on Thursday. The company’s fifty day simple moving average is $29.22 and its 200-day simple moving average is $28.71. Sierra Bancorp has a 52 week low of $22.42 and a 52 week high of $35.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.24. The stock has a market cap of $406.17 million, a P/E ratio of 10.17 and a beta of 0.75.

Institutional Trading of Sierra Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in shares of Sierra Bancorp during the fourth quarter worth $475,000. Barclays PLC grew its position in shares of Sierra Bancorp by 30.3% during the fourth quarter. Barclays PLC now owns 22,021 shares of the financial services provider’s stock worth $637,000 after acquiring an additional 5,125 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Sierra Bancorp by 13,970.1% during the first quarter. GAMMA Investing LLC now owns 15,055 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 14,948 shares during the last quarter. Millennium Management LLC grew its position in shares of Sierra Bancorp by 301.4% during the fourth quarter. Millennium Management LLC now owns 37,858 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 28,426 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Sierra Bancorp during the fourth quarter worth about $458,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sierra Bancorp

In related news, Director Lynda Scearcy sold 4,297 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $30.02, for a total value of $128,995.94. Following the sale, the director directly owned 31,233 shares of the company’s stock, valued at $937,614.66. This represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.86% of the stock is owned by corporate insiders.

Sierra Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 4th will be issued a $0.25 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.00 annualized dividend and a yield of 3.40%. Sierra Bancorp’s dividend payout ratio is presently 34.60%.

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