How Have the Numbers Shaped Up for Sierra Bancorp (NASDAQ:BSRR)

Earnings results for Sierra Bancorp (NASDAQ:BSRR)

Sierra Bancorp is estimated to report earnings on 01/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.62. The reported EPS for the same quarter last year was $0.6.

Sierra Bancorp last released its earnings data on October 19th, 2020. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.21. The firm earned $35.18 million during the quarter, compared to analyst estimates of $30.60 million. Sierra Bancorp has generated $2.33 earnings per share over the last year and currently has a price-to-earnings ratio of 10.9. Sierra Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 19th, 2021 based off prior year’s report dates.

Analyst Opinion on Sierra Bancorp (NASDAQ:BSRR)

3 Wall Street analysts have issued ratings and price targets for Sierra Bancorp in the last 12 months. Their average twelve-month price target is $19.75, predicting that the stock has a possible downside of 22.21%. The high price target for BSRR is $21.50 and the low price target for BSRR is $18.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Sierra Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $19.75, Sierra Bancorp has a forecasted downside of 22.2% from its current price of $25.39. Sierra Bancorp has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Sierra Bancorp (NASDAQ:BSRR)

Sierra Bancorp pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends. Sierra Bancorp does not have a long track record of dividend growth. The dividend payout ratio of Sierra Bancorp is 34.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sierra Bancorp will have a dividend payout ratio of 34.33% next year. This indicates that Sierra Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Sierra Bancorp (NASDAQ:BSRR)

In the past three months, Sierra Bancorp insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $256,880.00 in company stock. Only 10.34% of the stock of Sierra Bancorp is held by insiders. 53.93% of the stock of Sierra Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sierra Bancorp (NASDAQ:BSRR

Earnings for Sierra Bancorp are expected to remain at $2.33 per share in the coming year. The P/E ratio of Sierra Bancorp is 10.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.61. The P/E ratio of Sierra Bancorp is 10.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.07. Sierra Bancorp has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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