DA Davidson Comments on Sierra Bancorp Q1 Earnings

Sierra Bancorp (NASDAQ:BSRR) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Sierra Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.67 per share for the quarter. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.79 per share.

BSRR has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price target on Sierra Bancorp from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th.

Sierra Bancorp Trading Up 1.3 %

Shares of BSRR stock opened at $30.10 on Wednesday. The business’s 50 day moving average is $30.01 and its two-hundred day moving average is $29.32. Sierra Bancorp has a twelve month low of $17.69 and a twelve month high of $35.13. The company has a market capitalization of $433.14 million, a P/E ratio of 11.94 and a beta of 0.92. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Sierra Bancorp (NASDAQ:BSRR) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. Sierra Bancorp had a net margin of 17.91% and a return on equity of 10.48%.

Hedge Funds Weigh In On Sierra Bancorp

Several hedge funds have recently added to or reduced their stakes in BSRR. Financial Management Professionals Inc. acquired a new position in shares of Sierra Bancorp during the 3rd quarter worth approximately $29,000. SG Americas Securities LLC acquired a new position in shares of Sierra Bancorp in the third quarter worth $142,000. Franklin Resources Inc. purchased a new stake in shares of Sierra Bancorp in the third quarter valued at $216,000. Jane Street Group LLC boosted its stake in shares of Sierra Bancorp by 9.7% during the third quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Barclays PLC increased its position in Sierra Bancorp by 301.7% during the 3rd quarter. Barclays PLC now owns 16,896 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 12,690 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James C. Holly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.98, for a total transaction of $144,900.00. Following the sale, the director now owns 313,370 shares of the company’s stock, valued at approximately $9,081,462.60. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Albert L. Berra sold 2,540 shares of Sierra Bancorp stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.24, for a total transaction of $81,889.60. Following the sale, the director now owns 150,063 shares of the company’s stock, valued at approximately $4,838,031.12. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,056 shares of company stock worth $244,741. 11.86% of the stock is owned by corporate insiders.

Sierra Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. Sierra Bancorp’s payout ratio is 38.10%.

About Sierra Bancorp

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. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.