Wall Street analysts predict that Sierra Bancorp (NASDAQ:BSRR) will report sales of $27.23 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $27.50 million and the lowest estimate coming in at $26.80 million. Sierra Bancorp reported sales of $22.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23.7%. The business is scheduled to announce its next quarterly earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Sierra Bancorp will report full year sales of $27.23 million for the current year, with estimates ranging from $111.70 million to $112.25 million. For the next fiscal year, analysts expect that the firm will post sales of $119.43 million per share, with estimates ranging from $117.90 million to $121.50 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $27.91 million for the quarter, compared to analysts’ expectations of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 9.87%.
In other Sierra Bancorp news, Director Robb Evans purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $27.76 per share, for a total transaction of $27,760.00. Following the purchase, the director now owns 16,200 shares of the company’s stock, valued at approximately $449,712. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 1,730 shares of company stock worth $47,297 over the last 90 days. 20.77% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in shares of Sierra Bancorp by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 42,225 shares of the financial services provider’s stock valued at $1,121,000 after buying an additional 2,387 shares in the last quarter. Ford Financial Group Inc. purchased a new stake in Sierra Bancorp in the 4th quarter worth approximately $106,000. LSV Asset Management lifted its stake in Sierra Bancorp by 3.1% in the 4th quarter. LSV Asset Management now owns 136,600 shares of the financial services provider’s stock worth $3,628,000 after purchasing an additional 4,120 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Sierra Bancorp by 32.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,094 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Sierra Bancorp by 19.0% in the 3rd quarter. Nationwide Fund Advisors now owns 31,803 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 5,072 shares in the last quarter. Institutional investors own 52.01% of the company’s stock.
BSRR traded up $0.13 during midday trading on Wednesday, reaching $26.45. The company had a trading volume of 19,845 shares, compared to its average volume of 25,532. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $400.98, a price-to-earnings ratio of 17.06, a PEG ratio of 1.66 and a beta of 0.75. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $28.87.
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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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