Brokerages expect that Sierra Bancorp (NASDAQ:BSRR) will announce sales of $27.23 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sierra Bancorp’s earnings. The lowest sales estimate is $26.80 million and the highest is $27.50 million. Sierra Bancorp reported sales of $22.02 million in the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The business is expected to announce its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Sierra Bancorp will report full-year sales of $27.23 million for the current financial year, with estimates ranging from $111.70 million to $112.25 million. For the next financial year, analysts expect 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 an average based on a survey of sell-side analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last released its 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 net margin of 19.02% and a return on equity of 10.34%. The company had revenue of $27.91 million for the quarter, compared to the consensus estimate of $26.90 million.
In other news, Director Robb Evans purchased 1,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $27.76 per share, for a total transaction of $27,760.00. Following the completion of the acquisition, the director now owns 16,200 shares of the company’s stock, valued at $449,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The disclosure for this sale can be found here. 20.77% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in BSRR. Ford Financial Group Inc. acquired a new stake in Sierra Bancorp during the 4th quarter worth about $106,000. SG Americas Securities LLC purchased a new stake in shares of Sierra Bancorp during the 3rd quarter worth about $148,000. MetLife Investment Advisors LLC purchased a new stake in shares of Sierra Bancorp during the 4th quarter worth about $155,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sierra Bancorp during the 3rd quarter worth about $204,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Sierra Bancorp during the 4th quarter worth about $213,000. Hedge funds and other institutional investors own 49.85% of the company’s stock.
Sierra Bancorp (NASDAQ BSRR) traded up $0.51 during trading on Thursday, reaching $26.83. 16,672 shares of the company’s stock were exchanged, compared to its average volume of 24,001. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Sierra Bancorp has a 52 week low of $23.10 and a 52 week high of $29.50. The firm has a market cap of $408.43, a P/E ratio of 17.42, a PEG ratio of 1.69 and a beta of 0.78.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.16 dividend. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.39%. Sierra Bancorp’s payout ratio is presently 47.06%.
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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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