Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson raised their FY2018 earnings per share estimates for Sierra Bancorp in a research report issued on Tuesday. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $1.92 per share for the year, up from their prior forecast of $1.76. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Sierra Bancorp’s FY2019 earnings at $2.07 EPS.
Sierra Bancorp (NASDAQ:BSRR) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Sierra Bancorp had a return on equity of 10.34% 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.
Shares of Sierra Bancorp (BSRR) traded down $0.04 on Thursday, reaching $27.73. The company’s stock had a trading volume of 18,409 shares, compared to its average volume of 45,680. Sierra Bancorp has a 12 month low of $23.10 and a 12 month high of $29.50. The stock has a market cap of $421.41, a price-to-earnings ratio of 20.24, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76.
Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Sierra Bancorp by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock valued at $25,484,000 after acquiring an additional 32,745 shares during the period. Vanguard Group Inc. lifted its position in shares of Sierra Bancorp by 9.7% during the 2nd quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock valued at $12,274,000 after acquiring an additional 44,242 shares during the period. Northern Trust Corp lifted its position in shares of Sierra Bancorp by 4.3% during the 2nd quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock valued at $10,763,000 after acquiring an additional 18,165 shares during the period. State Street Corp lifted its position in shares of Sierra Bancorp by 6.3% during the 2nd quarter. State Street Corp now owns 215,866 shares of the financial services provider’s stock valued at $5,298,000 after acquiring an additional 12,798 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of Sierra Bancorp by 7.9% during the 3rd quarter. Foundry Partners LLC now owns 180,065 shares of the financial services provider’s stock valued at $4,889,000 after acquiring an additional 13,225 shares during the period. Institutional investors own 49.24% of the company’s stock.
In other news, Director Gordon T. Woods sold 3,000 shares of Sierra Bancorp stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.50, for a total transaction of $85,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robb Evans purchased 1,000 shares of Sierra Bancorp stock in a transaction dated Monday, October 30th. The shares were bought at an average price of $26.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the director now 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 currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 31st. Sierra Bancorp’s dividend payout ratio (DPR) is presently 40.88%.
Sierra Bancorp Company Profile
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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