Wall Street brokerages predict that Sierra Bancorp (NASDAQ:BSRR) will post $0.44 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sierra Bancorp’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.41. Sierra Bancorp posted earnings of $0.57 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.8%. The firm is expected to announce its next earnings report on Monday, July 27th.
On average, analysts expect that Sierra Bancorp will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.94. For the next year, analysts anticipate that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.00 to $1.97. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last issued its earnings results on Monday, April 20th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Sierra Bancorp had a net margin of 26.18% and a return on equity of 11.35%. The company had revenue of $29.89 million for the quarter, compared to the consensus estimate of $29.67 million.
Shares of NASDAQ:BSRR traded up $1.10 on Thursday, hitting $19.16. The stock had a trading volume of 50,700 shares, compared to its average volume of 47,163. Sierra Bancorp has a twelve month low of $13.05 and a twelve month high of $30.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50 day moving average price is $18.18 and its 200-day moving average price is $23.27. The company has a market capitalization of $274.33 million, a price-to-earnings ratio of 8.48 and a beta of 1.17.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Thursday, April 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.80 annualized dividend and a yield of 4.18%. Sierra Bancorp’s dividend payout ratio (DPR) is 34.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Company LLC acquired a new position in Sierra Bancorp during the 1st quarter worth about $35,000. Meeder Asset Management Inc. raised its holdings in Sierra Bancorp by 23.5% during the 1st quarter. Meeder Asset Management Inc. now owns 4,500 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 856 shares during the last quarter. Two Sigma Investments LP raised its holdings in Sierra Bancorp by 5.8% during the 1st quarter. Two Sigma Investments LP now owns 27,203 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 1,495 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Sierra Bancorp by 62.0% during the 1st quarter. Two Sigma Advisers LP now owns 33,716 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 12,900 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Sierra Bancorp by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 223,742 shares of the financial services provider’s stock worth $3,932,000 after purchasing an additional 11,897 shares during the last quarter. Institutional investors and hedge funds own 54.70% of the company’s stock.
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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