Brokerages expect Sierra Bancorp (NASDAQ:BSRR) to post $30.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sierra Bancorp’s earnings, with the highest sales estimate coming in at $30.30 million and the lowest estimate coming in at $29.90 million. Sierra Bancorp posted sales of $28.23 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is scheduled to report its next earnings report on Monday, July 22nd.
On average, analysts expect that Sierra Bancorp will report full-year sales of $121.27 million for the current year, with estimates ranging from $121.10 million to $121.40 million. For the next year, analysts expect that the business will report sales of $125.30 million, with estimates ranging from $123.80 million to $126.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sierra Bancorp.
Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. Sierra Bancorp had a net margin of 24.90% and a return on equity of 11.80%. The firm had revenue of $29.88 million for the quarter, compared to analysts’ expectations of $29.50 million.
NASDAQ BSRR traded down $0.14 on Monday, hitting $25.84. 16,923 shares of the stock were exchanged, compared to its average volume of 23,024. Sierra Bancorp has a 52-week low of $22.67 and a 52-week high of $31.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $398.23 million, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The business’s 50-day moving average price is $25.96.
In related news, Director Robb Evans purchased 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $26.63 per share, for a total transaction of $26,630.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $532,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Olague purchased 14,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $27.33 per share, for a total transaction of $382,620.00. Following the completion of the acquisition, the executive vice president now owns 30,341 shares in the company, valued at $829,219.53. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 22,106 shares of company stock worth $604,025. 10.34% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Gradient Investments LLC purchased a new position in shares of Sierra Bancorp during the 2nd quarter valued at $271,000. Pacific Wealth Strategies Group Inc. boosted its holdings in Sierra Bancorp by 14.2% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 10,031 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,250 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Sierra Bancorp by 71.9% in the first quarter. Kennedy Capital Management Inc. now owns 245,651 shares of the financial services provider’s stock worth $5,969,000 after purchasing an additional 102,723 shares in the last quarter. Walthausen & Co. LLC bought a new stake in Sierra Bancorp in the first quarter worth $1,387,000. Finally, Acadian Asset Management LLC boosted its holdings in Sierra Bancorp by 72.3% in the first quarter. Acadian Asset Management LLC now owns 14,320 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 6,009 shares in the last quarter. Institutional investors and hedge funds own 52.69% 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. 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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