Wall Street analysts expect Sierra Bancorp (NASDAQ:BSRR) to report $29.53 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Sierra Bancorp’s earnings, with the lowest sales estimate coming in at $29.50 million and the highest estimate coming in at $29.60 million. Sierra Bancorp posted sales of $27.91 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The business is expected to announce its next earnings report on Monday, January 28th.

According to Zacks, analysts expect that Sierra Bancorp will report full year sales of $114.17 million for the current fiscal year, with estimates ranging from $114.10 million to $114.20 million. For the next year, analysts anticipate that the firm will report sales of $121.30 million, with estimates ranging from $120.60 million to $122.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The company had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $28.75 million. Sierra Bancorp had a return on equity of 11.03% and a net margin of 21.44%.

A number of equities analysts have weighed in on BSRR shares. BidaskClub downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Monday, September 24th. Finally, Sandler O’Neill raised shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, October 23rd. They noted that the move was a valuation call.

In other Sierra Bancorp news, Director James C. Holly sold 2,500 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $28.27, for a total transaction of $70,675.00. Following the transaction, the director now owns 390,676 shares of the company’s stock, valued at $11,044,410.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 10.21% of the company’s stock.

Several hedge funds have recently modified their holdings of BSRR. First Trust Advisors LP raised its stake in shares of Sierra Bancorp by 20.1% in the 2nd quarter. First Trust Advisors LP now owns 33,837 shares of the financial services provider’s stock valued at $956,000 after acquiring an additional 5,658 shares during the period. BlackRock Inc. raised its stake in shares of Sierra Bancorp by 10.2% in the 2nd quarter. BlackRock Inc. now owns 949,033 shares of the financial services provider’s stock valued at $26,801,000 after acquiring an additional 87,687 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sierra Bancorp by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,040,181 shares of the financial services provider’s stock valued at $29,375,000 after acquiring an additional 37,646 shares during the period. FMR LLC raised its stake in shares of Sierra Bancorp by 2.0% in the 2nd quarter. FMR LLC now owns 153,785 shares of the financial services provider’s stock valued at $4,343,000 after acquiring an additional 3,032 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Sierra Bancorp in the 2nd quarter valued at $203,000. 51.45% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BSRR opened at $25.05 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a market cap of $383.61 million, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.44 and a beta of 0.82. Sierra Bancorp has a fifty-two week low of $22.93 and a fifty-two week high of $31.18.

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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