Sierra Bancorp (NASDAQ:BSRR) Announces Quarterly Earnings Results

Sierra Bancorp (NASDAQ:BSRRGet Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.26), MarketWatch Earnings reports. Sierra Bancorp had a return on equity of 11.30% and a net margin of 18.01%. The business had revenue of $50.49 million during the quarter, compared to analysts’ expectations of $35.15 million.

Sierra Bancorp Stock Up 0.7 %

Shares of NASDAQ BSRR opened at $21.77 on Wednesday. Sierra Bancorp has a one year low of $15.01 and a one year high of $23.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.66 and a quick ratio of 0.66. The business’s fifty day moving average price is $21.14 and its 200-day moving average price is $20.03. The stock has a market capitalization of $320.02 million, a PE ratio of 9.22 and a beta of 0.97.

Sierra Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.23%. Sierra Bancorp’s dividend payout ratio is presently 38.98%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Sierra Bancorp during the 3rd quarter valued at $39,000. BNP Paribas Arbitrage SNC lifted its holdings in Sierra Bancorp by 54.3% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,850 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,003 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Sierra Bancorp by 276.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,991 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,197 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Sierra Bancorp by 48.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,389 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Sierra Bancorp by 524.2% during the 4th quarter. Barclays PLC now owns 3,939 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,308 shares in the last quarter. Hedge funds and other institutional investors own 55.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Sierra Bancorp in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.33.

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About Sierra Bancorp

(Get Free Report)

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.

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Earnings History for Sierra Bancorp (NASDAQ:BSRR)

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