Sierra Bancorp (NASDAQ:BSRR) – Research analysts at FIG Partners issued their FY2017 earnings per share (EPS) estimates for shares of Sierra Bancorp in a note issued to investors on Thursday. FIG Partners analyst T. Coffey forecasts that the financial services provider will post earnings per share of $1.52 for the year. FIG Partners has a “Market-Perform” rating and a $30.00 price objective 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 research firms have also recently issued reports on BSRR. Zacks Investment Research cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. DA Davidson cut shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. ValuEngine cut shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, BidaskClub cut shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.46.

Sierra Bancorp (BSRR) opened at $27.38 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $416.69, a P/E ratio of 18.25, a PEG ratio of 2.26 and a beta of 0.80. Sierra Bancorp has a 1-year low of $23.10 and a 1-year high of $29.50.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Sierra Bancorp had a net margin of 21.59% and a return on equity of 9.87%. The company had revenue of $24.35 million during the quarter, compared to analyst estimates of $23.90 million.

In related news, Director Robb Evans acquired 1,000 shares of Sierra Bancorp stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director now owns 16,000 shares in the company, valued at $416,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $85,500.00. The disclosure for this sale can be found here. 20.77% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BSRR. Vanguard Group Inc. increased its stake in Sierra Bancorp by 22.4% during the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock worth $12,500,000 after purchasing an additional 83,492 shares during the period. Brown Advisory Inc. purchased a new stake in Sierra Bancorp during the third quarter worth about $1,060,000. Dimensional Fund Advisors LP increased its stake in Sierra Bancorp by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 938,622 shares of the financial services provider’s stock worth $25,484,000 after purchasing an additional 32,745 shares during the period. Macquarie Group Ltd. purchased a new stake in Sierra Bancorp during the third quarter worth about $658,000. Finally, Northern Trust Corp increased its stake in Sierra Bancorp by 4.3% during the second quarter. Northern Trust Corp now owns 438,425 shares of the financial services provider’s stock worth $10,763,000 after purchasing an additional 18,165 shares during the period. Hedge funds and other institutional investors own 49.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “FIG Partners Comments on Sierra Bancorp’s FY2017 Earnings (BSRR)” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://theolympiareport.com/2017/12/26/fig-partners-comments-on-sierra-bancorps-fy2017-earnings-bsrr.html.

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.

Earnings History and Estimates for Sierra Bancorp (NASDAQ:BSRR)

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.