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BSRR

Sierra BancorpNasdaqGS:BSRR Stock Report

Last Price

US$28.01

Market Cap

US$428.6m

7D

0.2%

1Y

10.3%

Updated

17 Jan, 2022

Data

Company Financials +
BSRR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

BSRR Stock Overview

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.

Sierra Bancorp Competitors

National Bank Holdings

NYSE:NBHC

US$1.4b

Banc of California

NYSE:BANC

US$1.4b

TriCo Bancshares

NasdaqGS:TCBK

US$1.3b

Metropolitan Bank Holding

NYSE:MCB

US$1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Sierra Bancorp
Historical stock prices
Current Share PriceUS$28.01
52 Week HighUS$29.42
52 Week LowUS$21.48
Beta1.17
1 Month Change5.78%
3 Month Change14.75%
1 Year Change10.32%
3 Year Change6.71%
5 Year Change-0.50%
Change since IPO1,007.11%

Recent News & Updates

Aug 02

Sierra Bancorp: Long Runway For Growth With An Attractive Entry Point

Continuing to grow the lending portfolio will likely drive incremental profitability improvement. The expense base looks poised to support a larger balance sheet, which will likely drive addition operational leverage. Credit looks solid and has proven to be of little concern the past six years.

Shareholder Returns

BSRRUS BanksUS Market
7D0.2%-0.4%-0.3%
1Y10.3%32.9%13.7%

Return vs Industry: BSRR underperformed the US Banks industry which returned 32.9% over the past year.

Return vs Market: BSRR underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is BSRR's price volatile compared to industry and market?
BSRR volatility
BSRR Average Weekly Movement3.4%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BSRR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BSRR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977482Kevin McPhaillhttps://www.sierrabancorp.com

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 deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. Its loan products include agricultural, commercial, consumer, real estate, construction, and mortgage loans.

Sierra Bancorp Fundamentals Summary

How do Sierra Bancorp's earnings and revenue compare to its market cap?
BSRR fundamental statistics
Market CapUS$428.58m
Earnings (TTM)US$42.37m
Revenue (TTM)US$138.56m

10.1x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSRR income statement (TTM)
RevenueUS$138.56m
Cost of RevenueUS$0
Gross ProfitUS$138.56m
ExpensesUS$96.19m
EarningsUS$42.37m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.77
Gross Margin100.00%
Net Profit Margin30.58%
Debt/Equity Ratio48.6%

How did BSRR perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Sierra Bancorp undervalued compared to its fair value and its price relative to the market?

49.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BSRR ($28.01) is trading below our estimate of fair value ($55.44)

Significantly Below Fair Value: BSRR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BSRR is good value based on its PE Ratio (10.1x) compared to the US Banks industry average (11.3x).

PE vs Market: BSRR is good value based on its PE Ratio (10.1x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: BSRR is poor value based on its PEG Ratio (651.2x)


Price to Book Ratio

PB vs Industry: BSRR's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Sierra Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

0.02%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSRR's forecast earnings growth (0.02% per year) is below the savings rate (2%).

Earnings vs Market: BSRR's earnings (0.02% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: BSRR's earnings are forecast to grow, but not significantly.

Revenue vs Market: BSRR's revenue (4.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BSRR's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSRR's Return on Equity is forecast to be low in 3 years time (10.9%).


Past Performance

How has Sierra Bancorp performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSRR has high quality earnings.

Growing Profit Margin: BSRR's current net profit margins (30.6%) are higher than last year (29.8%).


Past Earnings Growth Analysis

Earnings Trend: BSRR's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: BSRR's earnings growth over the past year (18.5%) exceeds its 5-year average (18.1% per year).

Earnings vs Industry: BSRR earnings growth over the past year (18.5%) underperformed the Banks industry 43.7%.


Return on Equity

High ROE: BSRR's Return on Equity (11.6%) is considered low.


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

Asset Level: BSRR's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: BSRR has a sufficient allowance for bad loans (230%).

Low Risk Liabilities: 92% of BSRR's liabilities are made up of primarily low risk sources of funding.

Loan Level: BSRR has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: BSRR's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: BSRR has an appropriate level of bad loans (0.3%).


Dividend

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

3.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSRR's dividend (3.14%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BSRR's dividend (3.14%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: BSRR's dividends per share have been stable in the past 10 years.

Growing Dividend: BSRR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.2%), BSRR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSRR's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Kevin McPhaill (48 yo)

8yrs

Tenure

US$1,735,320

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

Compensation vs Market: Kevin's total compensation ($USD1.74M) is about average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BSRR's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: BSRR's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Sierra Bancorp
  • Ticker: BSRR
  • Exchange: NasdaqGS
  • Founded: 1977
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$428.579m
  • Shares outstanding: 15.30m
  • Website: https://www.sierrabancorp.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:17
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.