Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at FIG Partners issued their FY2017 earnings per share (EPS) estimates for shares of Sierra Bancorp in a report released on Thursday. FIG Partners analyst T. Coffey expects that the financial services provider will post earnings of $1.52 per share for the year. FIG Partners currently has a “Market-Perform” rating and a $30.00 target price on the stock. FIG Partners also issued estimates for Sierra Bancorp’s Q4 2017 earnings at $0.43 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.57 EPS and FY2019 earnings at $2.21 EPS.
A number of other brokerages have also issued reports on BSRR. BidaskClub upgraded shares of Sierra Bancorp from a “sell” rating to a “hold” rating in a report on Friday. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.46.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $24.35 million for the quarter, compared to the consensus estimate of $23.90 million. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%.
In related news, Director Gordon T. Woods sold 3,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robb Evans purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $416,000. The disclosure for this purchase can be found here. 20.77% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Sierra Bancorp during the second quarter valued at about $118,000. SG Americas Securities LLC purchased a new position in shares of Sierra Bancorp during the third quarter worth about $148,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Sierra Bancorp by 12.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 800 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sierra Bancorp during the third quarter worth about $204,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Sierra Bancorp by 2.4% during the second quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 49.24% of the company’s stock.
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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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