Sierra Bancorp (BSRR) Expected to Post Quarterly Sales of $26.90 Million

Brokerages expect Sierra Bancorp (NASDAQ:BSRR) to announce $26.90 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sierra Bancorp’s earnings, with estimates ranging from $26.70 million to $27.20 million. Sierra Bancorp posted sales of $23.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The company is expected to issue its next earnings report on Monday, January 22nd.

On average, analysts expect that Sierra Bancorp will report full-year sales of $26.90 million for the current fiscal year, with estimates ranging from $96.30 million to $97.40 million. For the next fiscal year, analysts expect that the company will report sales of $111.00 million per share, with estimates ranging from $110.10 million to $112.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Sierra Bancorp.

Sierra Bancorp (NASDAQ:BSRR) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $24.35 million during the quarter, compared to analyst estimates of $23.90 million. Sierra Bancorp had a return on equity of 9.87% and a net margin of 21.59%.

Several equities research analysts have recently issued reports on BSRR shares. Zacks Investment Research lowered shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. DA Davidson lowered shares of Sierra Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub downgraded shares of Sierra Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Finally, FIG Partners began coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.79.

Sierra Bancorp (NASDAQ BSRR) opened at $26.65 on Tuesday. Sierra Bancorp has a 12-month low of $23.10 and a 12-month high of $29.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $407.56, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.81 and a beta of 0.80.

In other news, Director Gordon T. Woods sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.50, for a total value of $85,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robb Evans acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director now owns 16,000 shares in the company, valued at $416,000. The disclosure for this purchase can be found here. Corporate insiders own 20.77% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of Sierra Bancorp in the second quarter valued at approximately $118,000. SG Americas Securities LLC acquired a new stake in shares of Sierra Bancorp in the 3rd quarter valued at $148,000. Cornerstone Capital Management Holdings LLC. lifted its position in Sierra Bancorp by 12.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,231 shares of the financial services provider’s stock worth $177,000 after buying an additional 800 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sierra Bancorp during the 3rd quarter worth about $204,000. Finally, Wells Fargo & Company MN increased its stake in shares of Sierra Bancorp by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,321 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 196 shares during the last quarter. 49.24% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at

Sierra Bancorp Company Profile

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

Get a free copy of the Zacks research report on Sierra Bancorp (BSRR)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Sierra Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Bancorp and related companies with's FREE daily email newsletter.

Leave a Reply