Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. Bottom Line Sierra Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. The market expects Sierra Banco ...

Sierra Bancorp (BSRR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individu ...

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Finally, investors will want to recognize that BSRR has a P/CF ratio of 7.52. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued ...

From a technical perspective, Sierra Bancorp (BSRR) is looking like an interesting pick, as it just reached a key level of support. BSRR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term mo ...

Table of Contents For financial asset categories that were carried on our balance sheet at fair value as of March 31, 2024, and December 31, 2023, the Company used the following methods and significant assumptions: 12 Table of Contents | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------|-------|------------------------|---------|---------------|-------|------------------------|---------|---------|-------|--------------------- ...

SIERRA BANCORP REPORTS FIRST QUARTER 2024 RESULTS Porterville, Calif. – April 22, 2024 – Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the quarter ended March 31, 2024. Sierra Bancorp reported consolidated net income of $9.3 million, or $0.64 per diluted share, for the first quarter of 2024 compared to $8.8 million, or $0.58 per diluted share, in the first quarter of 2023. The favorable variance in net income came largely from a $0.6 million ...

Sierra Bancorp (BSRR) reported $37.31 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.5%. EPS of $0.64 for the same period compares to $0.58 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $34.9 million, representing a surprise of +6.89%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.56.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Sierra Bancorp (BSRR) 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 las ...

Financial Position and Assets - Consolidated assets of the company as of December 31, 2023, were $3.7 billion, including gross loans of $2.1 billion, liabilities totaling $3.4 billion (including deposits of $2.8 billion), and shareholders' equity of $338.1 million[16] - Consolidated assets of the Company as of December 31, 2023, totaled $3.7 billion, including gross loans of $2.1 billion, liabilities of $3.4 billion (including deposits of $2.8 billion), and shareholders' equity of $338.1 million[16] Loan Portfolio - Gross loans totaled $2.1 billion at December 31, 2023, with real estate-secured loans comprising 86.7% of the total loan portfolio[43] - The Company's loan portfolio as of December 31, 2023, was composed of 86.7% real estate loans, 7.5% commercial loans (including agricultural and SBA loans), 5.6% mortgage warehouse loans, and 0.2% consumer loans[43] - Interest, fees, and other income on real estate-secured loans totaled $82.2 million, or 59% of net interest plus other income in 2023[43] - Interest, fees, and other income from real estate loans totaled $82.2 million in 2023, representing 59% of net interest plus other income[43] - Commercial real estate loans represent 63.4% of the loan portfolio, with retail (15.0%), office space (9.6%), and hotel industry loans (8.3%) being the most concentrated segments[44] - The Company's commercial real estate loan concentration was 63.4%, with retail (15.0%), office space (9.6%), and hotel industry loans (8.3%) being the most concentrated segments[44] Market Share and Competition - The company ranked fifth in market share with 5.1% of total deposits in its operating area as of June 30, 2023, behind Wells Fargo (20.6%), Bank of America (17.4%), JPMorgan Chase (15.4%), and U.S. Bank (6.3%)[21] - The Company ranked fifth in market share with 5.1% of total deposits in its operating region, behind Wells Fargo (20.6%), Bank of America (17.4%), JPMorgan Chase (15.4%), and U.S. Bank (6.3%)[21] - The company operates in a competitive market dominated by major banks, with Wells Fargo holding the largest deposit market share at 20.6% in the company's geographic footprint[21] - The company faces competition from non-banking institutions, including finance companies, leasing companies, and internet companies, which have leveraged innovative technologies to offer traditional banking services[46] - The California banking market is highly competitive, with continued consolidation and competition from unregulated companies[92] - The company faces strong competition in California from both financial institutions and non-banks, including fintech firms[92][93] Regulatory Compliance and Capital Adequacy - The company and its subsidiary bank qualified as well-capitalized for regulatory capital purposes as of December 31, 2023, under the Capital Simplification for Qualifying Community Bank Organization framework[38] - The Company and the Bank qualified as well-capitalized for regulatory capital purposes as of December 31, 2023, under the Capital Simplification for Qualifying Community Bank Organization framework[38] - The company opted into the community bank leverage ratio framework in Q1 2020, meeting criteria such as a leverage ratio greater than 9%, average consolidated assets under $10 billion, and off-balance-sheet exposures below 25% of total assets[31] - The company is subject to Federal Reserve and FDIC regulations, including risk-based capital guidelines and prompt corrective action provisions[32][36] - The company met all capital adequacy requirements at December 31, 2023, utilizing the Capital Simplification for Qualifying Community Bank Organization[64] - The Company's Tier 1 capital to total risk-weighted assets ratio was required to be at least 6.0%, with a Common Equity Tier 1 capital conservation buffer of 2.5% raising the effective minimum to 8.5%[35] - The Company's community bank leverage ratio framework requires a minimum leverage ratio of 9% for calendar year 2022 and beyond[37] - The company and its bank subsidiary met all capital adequacy requirements as of December 31, 2023, utilizing the Capital Simplification for Qualifying Community Bank Organization[64] - The company is subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires data collection on small business lending, particularly for women-owned, minority-owned, and small businesses[69] - The company is subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act, which includes enhanced compliance requirements and potential financial impacts[70] - The company's deposits are insured up to $250,000 per depositor, and it is subject to FDIC deposit insurance assessments, with recent changes increasing the base deposit insurance rate by 2 basis points starting in 2023[71] - The company's bank subsidiary received a "satisfactory" rating in its most recent Community Reinvestment Act (CRA) assessment in August 2022[73] - The company received a "satisfactory" CRA assessment rating in August 2022[73] - The company is subject to new CRA regulations effective April 1, 2024, with some amendments effective through January 1, 2031[79][81] - The company is required to notify its primary federal regulator within 36 hours of a computer-security incident that could materially disrupt operations[82] - Compliance with government and regulatory mandates has resulted in significant ongoing expenses, but no material effect on capital expenditures or earnings[91] Employee and Workforce Information - The company had 491 full-time and 41 part-time employees as of December 31, 2023, with full-time equivalent staffing at 485, down from 491 in 2022[23] - The Company had 491 full-time and 41 part-time employees as of December 31, 2023, with a full-time equivalent (FTE) staffing of 485, down from 491 in 2022[23] - The company increased its minimum wage to $20 per hour effective January 1, 2022, to attract and retain skilled employees[24] - The Company increased its minimum wage to $20 per hour effective January 1, 2022, to attract and retain skilled employees[24] - The company's compensation and benefits programs include equity-based compensation, health/dental/vision insurance, 401(K) plans, and paid leave, among others[24] - The company's customer base is 75% women and 25% men, with Hispanic or Latino customers making up 50% of the total[48] - 75% of the company's employees are women, while 25% are men[48] - 50% of the company's employees identify as Hispanic or Latino, followed by 38% White, 5% Asian, 5% two or more races, 1% Black or African American, and 1% unspecified[48] - The company invests in employee education and development, offering internal courses, external seminars, and assistance for higher education at accredited institutions[49] - The company invests in employee education and training, offering internal courses, external seminars, and support for higher education at accredited institutions[49] - The company had 46 employees working remotely and 157 in hybrid arrangements as of December 31, 2023[95] Deposits and Customer Accounts - The company had 120,701 deposit accounts as of December 31, 2023, down from 122,596 in 2022, while total deposits remained unchanged at $2.8 billion[90] - Total deposits remained unchanged at $2.8 billion as of December 31, 2023, compared to December 31, 2022[90] - The number of deposit accounts decreased to 120,701 at December 31, 2023, down from 122,596 at December 31, 2022[90] - The company offers a wide range of deposit products, including checking, savings, money market, and retirement accounts[90] Branch and Operational Information - The company maintains 35 full-service branches in California, along with administrative and loan production offices[88] - The company operates 35 full-service branches in California[88] Community and Social Responsibility - The company sponsors community events such as holiday toy and food drives, and tree plantings in fire-damaged areas of the National Forest[50] Stock and Market Information - The company's market value of voting stock held by non-affiliates was approximately $251 million as of June 30, 2023[86] - The aggregate market value of voting stock held by non-affiliates was approximately $251 million as of June 30, 2023[86] - The company had 14,788,121 shares of common stock outstanding as of March 1, 2024[86] - The company's common stock is listed on the Nasdaq Global Select Market under the trading symbol "BSRR"[53] Technology and Security - The company does not engage in any crypto-asset related activities, despite regulatory concerns in the sector[85] - The company does not engage in any crypto-asset related activities[85] Miscellaneous - The company's liabilities include $35.7 million in debt obligations due to its trust subsidiaries related to TRUPS issued by those entities[16] - The company's Common Equity Tier 1 capital includes common stock, additional paid-in capital, and retained earnings, with trust preferred securities qualifying as Tier 1 Capital up to 25% of Tier 1 capital[61] - The company's deposits are insured up to $250,000 per depositor under the Federal Deposit Insurance Act, with the bank subject to deposit insurance assessments to maintain the FDIC's Deposit Insurance Fund[71]

For the quarter ended December 2023, Sierra Bancorp (BSRR) reported revenue of $35.92 million, down 3% over the same period last year. EPS came in at $0.43, compared to $0.47 in the year-ago quarter.The reported revenue represents a surprise of +2.18% over the Zacks Consensus Estimate of $35.15 million. With the consensus EPS estimate being $0.70, the EPS surprise was -38.57%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...