NasdaqGS:BSRR

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Sierra Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.9%

NasdaqGS:BSRR

2.4%

US Banks

0.6%

US Market


1 Year Return

-14.2%

NasdaqGS:BSRR

-6.7%

US Banks

3.2%

US Market

BSRR underperformed the Banks industry which returned -7.8% over the past year.

BSRR underperformed the Market in United States of America which returned 3.8% over the past year.


Share holder returns

BSRRIndustryMarket
7 Day-2.9%2.4%0.6%
30 Day-0.9%5.1%2.1%
90 Day-3.4%0.9%2.0%
1 Year-12.0%-14.2%-4.1%-6.7%5.5%3.2%
3 Year52.2%41.8%57.7%47.0%46.8%37.2%
5 Year76.5%57.3%65.4%47.7%61.5%43.6%

Price Volatility Vs. Market

How volatile is Sierra Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sierra Bancorp undervalued based on future cash flows and its price relative to the stock market?

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Sierra Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

Sierra Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Sierra Bancorp is good value based on earnings compared to the US Banks industry average.

Sierra Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Sierra Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Sierra Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Sierra Bancorp expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sierra Bancorp's revenue is expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).

Sierra Bancorp's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Sierra Bancorp's revenue growth is positive but not above the United States of America market average.

Sierra Bancorp's earnings growth is positive but not above the United States of America market average.

Sierra Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Sierra Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Sierra Bancorp performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sierra Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Sierra Bancorp's 1-year earnings growth exceeds its 5-year average (33.5% vs 15.6%)

Sierra Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (33.5% vs 37.8%).


Return on Equity

Sierra Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sierra Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Sierra Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Sierra Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Sierra Bancorp has an acceptable proportion of non-loan assets held.

Sierra Bancorp has a sufficient allowance for bad loans.

Sierra Bancorp's liabilities are made up of primarily low risk sources of funding.

Sierra Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Sierra Bancorp are broadly funded by customer deposits.

Sierra Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Sierra Bancorp's current dividend yield, its reliability and sustainability?

3.02%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Sierra Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Sierra Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Sierra Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3x coverage).


Next Steps

Management

What is the CEO of Sierra Bancorp's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Kevin McPhaill (46yo)

4.3yrs

Tenure

US$1,025,395

Compensation

Mr. Kevin J. McPhaill has been President and Chief Executive Officer of Bank of the Sierra and of Sierra Bancorp since April 1, 2015 and their Director since January 1, 2015. He has been employed in the ba ...


CEO Compensation Analysis

Kevin's remuneration is lower than average for companies of similar size in United States of America.

Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.4yrs

Average Tenure

59yo

Average Age

The tenure for the Sierra Bancorp management team is about average.


Board Age and Tenure

4.5yrs

Average Tenure

78yo

Average Age

The tenure for the Sierra Bancorp board of directors is about average.


Insider Trading

More shares have been bought than sold by Sierra Bancorp individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$26,62522 May 19
Robb Evans
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$26.63
BuyUS$194,74307 May 19
Michael Olague
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares7,106
Max PriceUS$27.43
BuyUS$382,57103 May 19
Michael Olague
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares14,000
Max PriceUS$27.33
BuyUS$81,75025 Mar 19
Kenneth Taylor
EntityIndividual
Role
Executive VP & CFO
Shares5,000
Max PriceUS$16.35
BuyUS$403,28906 Mar 19
Michael Olague
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares15,000
Max PriceUS$26.89
SellUS$160,78621 Feb 19
Kevin McPhaill
EntityIndividual
Role
President
Member of the Board of Directors
Shares15,000
Max PriceUS$27.37
BuyUS$39,73321 Feb 19
Kevin McPhaill
EntityIndividual
Role
President
Member of the Board of Directors
Shares3,770
Max PriceUS$10.58
BuyUS$11,80107 Feb 19
Michael Olague
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares1,341
Max PriceUS$8.80
SellUS$11,86707 Feb 19
Michael Olague
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares659
Max PriceUS$26.81
BuyUS$26,79031 Jan 19
Robb Evans
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$26.79
BuyUS$13,43028 Jan 19
Laurence Dutto
EntityIndividual
Role
Member of the Board of Directors
Shares500
Max PriceUS$26.86
BuyUS$47,97520 Nov 18
Morris Tharp
EntityIndividual
Role
Chairman of the Board
Shares2,500
Max PriceUS$19.19
SellUS$22,71114 Nov 18
James Holly
EntityIndividual
Role
Vice Chairman
Shares2,500
Max PriceUS$28.27
BuyUS$47,97509 Nov 18
Albert Berra
EntityIndividual
Role
Member of the Board of Directors
Shares2,500
Max PriceUS$19.19
BuyUS$47,97501 Nov 18
Lynda Scearcy
EntityIndividual
Role
Member of the Board of Directors
Shares2,500
Max PriceUS$19.19
SellUS$22,05307 Sep 18
James Gardunio
EntityIndividual
Role
Executive VP & Chief Credit Officer
Shares2,000
Max PriceUS$30.22
SellUS$007 Sep 18
Gordon Woods
EntityIndividual
Role
Member of the Board of Directors
Shares2,500
Max PriceUS$19.19
SellUS$221,36604 Sep 18
Gordon Woods
EntityIndividual
Role
Member of the Board of Directors
Shares7,500
Max PriceUS$29.55
BuyUS$42,63331 Aug 18
Kevin McPhaill
EntityIndividual
Role
President
Member of the Board of Directors
Shares3,429
Max PriceUS$19.19
SellUS$82,72531 Aug 18
Kevin McPhaill
EntityIndividual
Role
President
Member of the Board of Directors
Shares4,801
Max PriceUS$29.37
BuyUS$29,97815 Aug 18
Robb Evans
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$29.98

Ownership Breakdown


Management Team

  • Ken Taylor (59yo)

    Executive VP & CFO

    • Tenure: 17.8yrs
    • Compensation: $702.68k
  • Jim Gardunio (68yo)

    Executive VP & Chief Credit Officer

    • Tenure: 14.4yrs
    • Compensation: $558.81k
  • Kevin McPhaill (46yo)

    President

    • Tenure: 4.3yrs
    • Compensation: $1.03m
  • Mike Olague (63yo)

    Executive VP & Chief Banking Officer

    • Tenure: 4.5yrs
    • Compensation: $510.66k
  • Alexandra Blazar

    Secretary

    • Tenure: 1.5yrs
  • Matthew Macia (50yo)

    Executive VP & Chief Risk Officer

    • Tenure: 0.3yrs

Board Members

  • Kevin McPhaill (46yo)

    President

    • Tenure: 4.5yrs
    • Compensation: $1.03m
  • Vonn Christenson (39yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: $70.46k
  • Laurence Dutto (71yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: $68.66k
  • Gordon Woods (83yo)

    Director

    • Tenure: 19.5yrs
    • Compensation: $101.87k
  • Jim Holly (78yo)

    Vice Chairman of the Board

    • Tenure: 4.3yrs
    • Compensation: $130.75k
  • Albert Berra (78yo)

    Director

    • Tenure: 19.5yrs
    • Compensation: $104.24k
  • Robb Evans (79yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: $75.26k
  • Morris Tharp (79yo)

    Chairman of the Board

    • Tenure: 19.5yrs
    • Compensation: $106.12k
  • Lynda Scearcy (73yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: $93.86k

Company Information

Sierra Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sierra Bancorp
  • Ticker: BSRR
  • Exchange: NasdaqGS
  • Founded: 1977
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$378.751m
  • Shares outstanding: 15.33m
  • Website: Click here

Number of Employees


Location

  • Sierra Bancorp
  • 86 North Main Street
  • Porterville
  • California
  • 93257
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSRRNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 1994

Biography

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. The company accepts various depo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/24 01:21
End of Day Share Price2019/07/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.