Sierra Bancorp (NASDAQ: BSRR) has reported E.P.S. of $0.72 for its second fiscal quarter (ending June 30) versus $0.67 for the same period a year ago — an increase of 7%. Relative to the consensus estimate of $0.60, this was a premium of $0.12. E.P.S. were $2.47 for the latest four quarters through June 30 versus $2.39 for the same period a year ago — an increase of 3%.
Recent Price Action
On 7/22/24, Sierra Bancorp (NASDAQ: BSRR) stock enjoyed a very large increase of 6.3%, closing at $28.13. Moreover, this advance was accompanied by above average trading volume at 142% of normal. Relative to the market the stock has been strong over the last nine months and has risen 15.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BSRR is expected to continue to be a modest Value Builder.
Sierra Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Sierra Bancorp has a neutral Power Rating of 59 but a good Appreciation Score of 72, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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