Zacks: Analysts Expect Sierra Bancorp (NASDAQ:BSRR) to Post $0.55 EPS
Equities research analysts predict that Sierra Bancorp (NASDAQ:BSRR) will post $0.55 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sierra Bancorp’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. Sierra Bancorp reported earnings per share of $0.52 in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is expected to issue its next earnings report on Monday, July 22nd.
On average, analysts expect that Sierra Bancorp will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.29. For the next financial year, analysts anticipate that the firm will post earnings of $2.32 per share, with EPS estimates ranging from $2.28 to $2.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Sierra Bancorp had a return on equity of 11.80% and a net margin of 24.90%. The company had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $29.50 million.
Shares of Sierra Bancorp stock traded up $0.20 during trading on Thursday, reaching $25.52. 735 shares of the company’s stock were exchanged, compared to its average volume of 15,292. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. Sierra Bancorp has a 1-year low of $22.67 and a 1-year high of $31.18. The stock has a market cap of $389.95 million, a P/E ratio of 13.13, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a 50-day simple moving average of $25.88.
In other Sierra Bancorp news, Director Robb Evans bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $26.63 per share, with a total value of $26,630.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $532,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Olague bought 7,106 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $27.41 per share, for a total transaction of $194,775.46. Following the completion of the purchase, the executive vice president now directly owns 31,297 shares of the company’s stock, valued at $857,850.77. The disclosure for this purchase can be found here. In the last quarter, insiders bought 22,106 shares of company stock worth $604,025. Company insiders own 10.34% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Sierra Bancorp by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,098,742 shares of the financial services provider’s stock valued at $26,403,000 after acquiring an additional 23,842 shares during the period. BlackRock Inc. raised its stake in Sierra Bancorp by 4.6% during the fourth quarter. BlackRock Inc. now owns 1,065,723 shares of the financial services provider’s stock worth $25,609,000 after purchasing an additional 46,432 shares during the period. Vanguard Group Inc. raised its stake in Sierra Bancorp by 0.7% during the third quarter. Vanguard Group Inc. now owns 516,435 shares of the financial services provider’s stock worth $14,925,000 after purchasing an additional 3,412 shares during the period. FMR LLC raised its stake in shares of Sierra Bancorp by 3.9% in the 4th quarter. FMR LLC now owns 280,709 shares of the financial services provider’s stock valued at $6,746,000 after acquiring an additional 10,615 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in shares of Sierra Bancorp by 71.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 245,651 shares of the financial services provider’s stock valued at $5,969,000 after acquiring an additional 102,723 shares during the period. 52.75% of the stock is currently owned by institutional investors.
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. 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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