KBW analyst Wood Lay assigned a Hold rating to Sierra Bancorp (BSRR – Research Report) yesterday and set a price target of $23.00. The company’s shares closed yesterday at $18.93.
Lay covers the Financial sector, focusing on stocks such as First Financial Northwest, Hilltop Holdings, and Sierra Bancorp. According to TipRanks, Lay has an average return of -1.7% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Sierra Bancorp is a Moderate Buy with an average price target of $23.50.
Based on Sierra Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $35.85 million and a net profit of $9.89 million. In comparison, last year the company earned a revenue of $35.52 million and had a net profit of $9.94 million
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Sierra Bancorp (BSRR) Company Description:
Sierra Bancorp is a bank holding company, which through its subsidiary, Bank of Sierra, engages in the provision of retail and commercial banking services. Its lending activities include real estate, commercial, mortgage warehouse, agricultural, and consumer loans. It also offers deposit products for individuals and businesses including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. The company was founded in November 2000 and is headquartered in Porterville, CA.
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