Sierra Bancorp (NASDAQ:BSRR – Get Free Report) issued its quarterly earnings results on Monday. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01, Yahoo Finance reports. Sierra Bancorp had a return on equity of 10.66% and a net margin of 17.77%. The firm had revenue of $52.59 million for the quarter, compared to analysts’ expectations of $38.30 million.
Sierra Bancorp Trading Up 3.4 %
Sierra Bancorp stock opened at $28.93 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. Sierra Bancorp has a 12-month low of $16.75 and a 12-month high of $31.85. The firm has a market capitalization of $422.26 million, a price-to-earnings ratio of 11.95 and a beta of 0.89. The firm has a 50 day moving average of $28.88 and a 200 day moving average of $24.78.
Sierra Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, October 31st. Sierra Bancorp’s dividend payout ratio (DPR) is currently 39.67%.
Insider Activity
Wall Street Analyst Weigh In
Several brokerages recently weighed in on BSRR. Keefe, Bruyette & Woods raised their price target on shares of Sierra Bancorp from $23.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd. StockNews.com raised Sierra Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday.
View Our Latest Research Report on BSRR
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. 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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