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Sierra

Sierra Bancorp is a California-based bank holding company, which offers a range of retail and commercial banking services. it offers a wide range of deposit products and services for individuals and businesses including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. The company's lending activities cover real estate, commercial (including small business), mortgage warehouse, agricultural and consumer loans, and also offers commercial construction loans and multifamily and agricultural credit facilities among other types of real estate loans.

Sierra Bancorp

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) with a Market Perform and lowers the price target from $32 to $31.

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BSRR

Keefe, Bruyette & Woods Maintains Market Perform on Sierra, Lowers Price Target to $31

DA Davidson analyst Gary Tenner maintains Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) with a Buy and lowers the price target from $37 to $36.

DA Davidson Maintains Buy on Sierra, Lowers Price Target to $36

Earnings

Earnings Misses

Sierra Q1 EPS $0.65 Misses $0.66 Estimate, Sales $36.75M Miss $37.51M Estimate

Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) announced its Q4 earnings on Monday, January 27, 2025 at 08:01 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Sierra missed estimated earnings by 0.0%, reporting an EPS of $0.72 versus an estimate of $0.72.
Revenue was up $1.95 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
The company beat on EPS by $0.01 in the previous quarter, leading to a 1.0% increase share price change the next day.
Here's a look at Sierra's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.73</td>
<td>0.61</td>
<td>0.56</td>
<td>0.61</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.74</td>
<td>0.71</td>
<td>0.64</td>
<td>0.43</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>39.03M</td>
<td>37.18M</td>
<td>36.10M</td>
<td>36.19M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>38.58M</td>
<td>37.80M</td>
<td>37.31M</td>
<td>35.91M</td>
</tr>
</tbody>
</table>

 Listen to the earnings announcement yourself by <a href="">clicking here</a>. 
To track all earnings releases for Sierra <a href="https://www.benzinga.com/quote/BSRR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sierra Earnings Analysis: Q4 Recap

Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) reported quarterly earnings of $0.72 per share which met the analyst consensus estimate. This is a 67.44 percent increase over earnings of $0.43 per share from the same period last year.

Sierra Q4 EPS $0.72, Inline

Dividends

Sierra Bancorp Increases Quarterly Dividend From $0.24 To $0.25/Share

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) with a Market Perform and raises the price target from $30 to $35.

Keefe, Bruyette & Woods Maintains Market Perform on Sierra, Raises Price Target to $35

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Sierra Bancorp shares are trading lower. The company reported Q3 financial results.

Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.73 by 1.37 percent. This is a 8.82 percent increase over earnings of $0.68 per share from the same period last year.

Earnings Beats

Sierra Q3 EPS $0.74 Beats $0.73 Estimate

Replaces Previous Program And Includes Potential 10b5-1 Plan For Repurchases

Buybacks

Sierra Bancorp Approves New Share Repurchase Program For Up To 1M Shares, Effective November 1, 2024, Through October 31, 2025

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Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) with a Market Perform and raises the price target from $23 to $29.

Keefe, Bruyette & Woods Maintains Market Perform on Sierra, Raises Price Target to $29

Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.61 by 16.39 percent. This is a 5.97 percent increase over earnings of $0.67 per share from the same period last year.

Sierra Q2 EPS $0.71 Beats $0.61 Estimate

Sierra Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>), parent of Bank of the Sierra, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.24 per share. This represents an increase of $0.01 per share, or 4%, relative to the dividend paid last quarter. The dividend was approved subsequent to the Board's review of the Company's financial performance and capital for the quarter ended June 30, 2024, and will be paid on August 15, 2024, to shareholders of record as of July 31, 2024. Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter. The dividend noted in today's announcement marks the Company's 102nd consecutive quarterly cash dividend.

Sierra Bancorp Increases Quarterly Cash Dividend From $0.23 To $0.24 Per Share

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Shares of banking stocks are trading higher following recent CPI data.

Janney Montgomery Scott analyst Timothy Coffey downgrades Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) from Buy to Neutral.

Downgrades

Janney Montgomery Scott Downgrades Sierra to Neutral

Janney Montgomery Scott analyst Timothy Coffey upgrades Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) from Neutral to Buy and lowers the price target from $24 to $23.

Upgrades

Janney Montgomery Scott Upgrades Sierra to Buy, Lowers Price Target to $23

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Sierra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSRR#NASDAQ">BSRR</a>) with a Market Perform and lowers the price target from $24 to $23.

Keefe, Bruyette & Woods Maintains Market Perform on Sierra, Lowers Price Target to $23

Sierra Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsrr#NASDAQ">BSRR</a>) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this parent company of Bank of the Sierra would post earnings of $0.70 per share when it actually produced earnings of $0.43, delivering a surprise of -38.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Sierra Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $37.31 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.89%. This compares to year-ago revenues of $34.71 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Sierra Bancorp shares have lost about 16.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 4.1%.
What&#39;s Next for Sierra Bancorp?
While Sierra Bancorp has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Sierra Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $35.6 million in revenues for the coming quarter and $2.33 on $143.9 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, WaFd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>), is yet to report results for the quarter ended March 2024.
This holding company for Washington Federal Savings Bank is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -67.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
WaFd&#39;s revenues are expected to be $168.22 million, down 9.1% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2259045/sierra-bancorp-bsrr-surpasses-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2259045">To read this article on Zacks.com click here.</a>

Markets

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WAFD

Sierra Bancorp Surpasses Q1 Earnings and Revenue Estimates

Press Releases

Sierra Bancorp Announces 4% Increase in Quarterly Cash Dividend

Sierra Bancorp Reports Improved Financial Results for Second Quarter and First Six Months of 2024

Sierra Bancorp Announces Share Repurchase Program and Declares Quarterly Cash Dividend

Sierra Bancorp Reports Improved Financial Results for Third Quarter and First Nine Months of 2024

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