$30.87 Million in Sales Expected for Sierra Bancorp (NASDAQ:BSRR) This Quarter

Brokerages predict that Sierra Bancorp (NASDAQ:BSRR) will announce $30.87 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $33.10 million and the lowest estimate coming in at $28.80 million. Sierra Bancorp reported sales of $30.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The business is expected to announce its next quarterly earnings results on Monday, July 27th.

According to Zacks, analysts expect that Sierra Bancorp will report full year sales of $121.67 million for the current fiscal year, with estimates ranging from $116.60 million to $127.30 million. For the next fiscal year, analysts expect that the company will post sales of $119.90 million, with estimates ranging from $117.10 million to $123.70 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Sierra Bancorp had a return on equity of 11.35% and a net margin of 26.18%. The company had revenue of $29.89 million for the quarter, compared to analyst estimates of $29.67 million.

BSRR has been the topic of a number of analyst reports. BidaskClub lowered Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. TheStreet lowered Sierra Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, March 4th. Zacks Investment Research upgraded Sierra Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, ValuEngine lowered Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Sierra Bancorp has a consensus rating of “Hold” and a consensus target price of $30.33.

Shares of NASDAQ:BSRR traded up $1.10 during midday trading on Friday, reaching $19.16. 50,700 shares of the company traded hands, compared to its average volume of 47,163. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. Sierra Bancorp has a 12 month low of $13.05 and a 12 month high of $30.15. The firm has a market capitalization of $274.33 million, a price-to-earnings ratio of 8.48 and a beta of 1.17. The firm’s fifty day moving average price is $18.18 and its two-hundred day moving average price is $23.27.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 4.18%. Sierra Bancorp’s dividend payout ratio is currently 34.33%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Company LLC bought a new position in shares of Sierra Bancorp during the 1st quarter valued at about $35,000. Citigroup Inc. increased its position in shares of Sierra Bancorp by 47.9% during the 1st quarter. Citigroup Inc. now owns 4,208 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,363 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Sierra Bancorp by 28.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,382 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 975 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of 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 valued at $79,000 after purchasing an additional 856 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Sierra Bancorp by 45.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,808 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,186 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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Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

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