FY2025 EPS Estimates for Sierra Bancorp Cut by DA Davidson

Sierra Bancorp (NASDAQ:BSRR) – Equities research analysts at DA Davidson decreased their FY2025 EPS estimates for Sierra Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.98 per share for the year, down from their prior forecast of $2.99. The consensus estimate for Sierra Bancorp’s current full-year earnings is $2.95 per share.

Separately, StockNews.com downgraded Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th.

Sierra Bancorp Stock Down 1.0 %

NASDAQ:BSRR opened at $25.42 on Friday. Sierra Bancorp has a 52 week low of $17.70 and a 52 week high of $35.13. The stock’s fifty day moving average is $29.53 and its two-hundred day moving average is $29.67. The stock has a market capitalization of $354.96 million, a price-to-earnings ratio of 9.05 and a beta of 0.89. The company has a quick ratio of 0.79, a current 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 EPS for the quarter, hitting the consensus estimate of $0.72. Sierra Bancorp had a net margin of 19.90% and a return on equity of 11.55%.

Sierra Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Sierra Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.93%. Sierra Bancorp’s dividend payout ratio (DPR) is 35.59%.

Insider Buying and Selling

In related news, EVP Michael Olague sold 3,563 shares of Sierra Bancorp stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $31.15, for a total value of $110,987.45. Following the completion of the transaction, the executive vice president now owns 12,409 shares in the company, valued at $386,540.35. The trade was a 22.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie G. Castle sold 1,104 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $32.00, for a total transaction of $35,328.00. Following the completion of the sale, the director now owns 4,157 shares in the company, valued at $133,024. The trade was a 20.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,393 shares of company stock valued at $166,994 in the last three months. 11.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sierra Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. acquired a new position in shares of Sierra Bancorp during the 3rd quarter worth about $216,000. Barclays PLC boosted its holdings in Sierra Bancorp by 301.7% in the third quarter. Barclays PLC now owns 16,896 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 12,690 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Sierra Bancorp by 40.6% in the third quarter. JPMorgan Chase & Co. now owns 65,858 shares of the financial services provider’s stock valued at $1,902,000 after purchasing an additional 19,025 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Sierra Bancorp during the fourth quarter worth approximately $385,000. Finally, Jane Street Group LLC lifted its position in shares of Sierra Bancorp by 9.7% during the 3rd quarter. Jane Street Group LLC now owns 16,827 shares of the financial services provider’s stock worth $486,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.