Sierra Bancorp (NASDAQ:BSRR) Releases Earnings Results, Beats Estimates By $0.27 EPS

Sierra Bancorp (NASDAQ:BSRR) posted its earnings results on Monday. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27, Zacks reports. Sierra Bancorp had a return on equity of 12.38% and a net margin of 22.37%.

Sierra Bancorp Price Performance

NASDAQ:BSRR opened at $41.74 on Monday. The stock’s 50 day moving average price is $39.95 and its two-hundred day moving average price is $39.40. The firm has a market capitalization of $540.95 million, a price-to-earnings ratio of 12.20 and a beta of 0.76. Sierra Bancorp has a 12-month low of $26.62 and a 12-month high of $43.13. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23.

Sierra Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Sierra Bancorp’s payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BSRR shares. Piper Sandler reduced their price objective on shares of Sierra Bancorp from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Sierra Bancorp in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.67.

Sierra Bancorp Company Profile

Sierra Bancorp is the bank holding company for Bank of the Sierra, a community bank headquartered in Porterville, California. Founded in 1977, the bank serves individuals, families, farmers, small businesses and commercial customers in California’s Central Valley and surrounding communities.

Bank of the Sierra provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer and residential lending, commercial real estate loans, business banking, agricultural financing and online and mobile banking.