Sierra Bancorp
Market Cap
US$389.3m
Last Updated
2021/03/01 23:53 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
No risks detected for BSRR from our risk checks.
Snowflake Analysis
Flawless balance sheet established 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
Stable Share Price: BSRR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BSRR's weekly volatility has decreased from 11% to 5% over the past year.
Market Performance
7 Day Return
3.6%
BSRR
1.6%
US Banks
-1.3%
US Market
1 Year Return
2.1%
BSRR
18.4%
US Banks
41.9%
US Market
Return vs Industry: BSRR underperformed the US Banks industry which returned 19.9% over the past year.
Return vs Market: BSRR underperformed the US Market which returned 36.5% over the past year.
Shareholder returns
| BSRR | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 1.6% | -1.3% |
| 30 Day | 15.7% | 19.6% | 7.5% |
| 90 Day | 11.8% | 27.5% | 15.9% |
| 1 Year | 6.3%2.1% | 22.7%18.4% | 44.8%41.9% |
| 3 Year | 2.5%-6.5% | 13.6%3.9% | 49.1%41.0% |
| 5 Year | 49.1%29.7% | 97.3%72.3% | 113.1%92.8% |
Long-Term 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
1 week ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Sierra Bancorp's (NASDAQ:BSRR) Shares?1 month ago | Simply Wall St
Did You Participate In Any Of Sierra Bancorp's (NASDAQ:BSRR) Respectable 73% Return?2 months ago | Simply Wall St
How Much Does Sierra Bancorp's (NASDAQ:BSRR) CEO Make?Valuation
Is Sierra Bancorp undervalued compared to its fair value and its price relative to the market?
40.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSRR ($25.3) is trading below our estimate of fair value ($42.18)
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 (10.9x) compared to the US Banks industry average (12.5x).
PE vs Market: BSRR is good value based on its PE Ratio (10.9x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: BSRR is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: BSRR's PB Ratio (1.1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Sierra Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BSRR's forecast earnings growth (5.6% per year) is above the savings rate (2%).
Earnings vs Market: BSRR's earnings (5.6% per year) are forecast to grow slower than the US market (20% per year).
High Growth Earnings: BSRR's earnings are forecast to grow, but not significantly.
Revenue vs Market: BSRR's revenue (8.5% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: BSRR's revenue (8.5% 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 (10.6%).
Next Steps
Past Performance
How has Sierra Bancorp performed over the past 5 years?
17.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSRR has high quality earnings.
Growing Profit Margin: BSRR's current net profit margins (28.9%) are lower than last year (30.4%).
Past Earnings Growth Analysis
Earnings Trend: BSRR's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: BSRR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BSRR had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Banks industry average (0.6%).
Return on Equity
High ROE: BSRR's Return on Equity (10.3%) is considered low.
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
Asset Level: BSRR's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: BSRR has a sufficient allowance for bad loans (233%).
Low Risk Liabilities: 91% 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 (76%).
Low Risk Deposits: BSRR's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: BSRR has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is Sierra Bancorp current dividend yield, its reliability and sustainability?
3.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSRR's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: BSRR's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (3.76%).
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 (34.3%), 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 (33.1% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Kevin McPhaill (47 yo)
5.83yrs
Tenure
US$1,062,841
Compensation
Mr. Kevin J. McPhaill has been President and Chief Executive Officer of Bank of the Sierra and of Sierra Bancorp since April 1, 2015 and their Director since January 1, 2015. He has been employed in the ba...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD1.06M) is about average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.83yrs | US$1.06m | 0.33% $ 1.3m | |
| Executive VP & Chief Banking Officer | 6.08yrs | US$559.91k | 0.39% $ 1.5m | |
| Executive VP & Chief Risk Officer | 1.92yrs | US$699.59k | 0.14% $ 563.2k | |
| Executive VP & CFO | 1.08yrs | no data | 0.14% $ 562.2k | |
| Senior VP & Chief Accounting Officer | 1.08yrs | no data | 0.025% $ 96.4k | |
| Executive VP & Chief Administrative Officer | 1yr | no data | 0.14% $ 562.2k | |
| Executive VP & Chief Credit Officer | 0.17yr | no data | no data | |
| Secretary | 3.08yrs | no data | no data |
1.5yrs
Average Tenure
57yo
Average Age
Experienced Management: BSRR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.83yrs | US$1.06m | 0.33% $ 1.3m | |
| Independent Director | 21.08yrs | US$113.62k | 1.79% $ 7.0m | |
| Vice Chairman of the Board | 5.83yrs | US$147.91k | 2.57% $ 10.0m | |
| Independent Chairman of the Board | 21.08yrs | US$109.06k | 3.47% $ 13.5m | |
| Independent Director | 21.08yrs | US$101.47k | 0.15% $ 590.3k | |
| Independent Director | 13.17yrs | US$101.20k | 0.15% $ 570.9k | |
| Independent Director | 4.42yrs | US$82.80k | 0.18% $ 716.8k | |
| Director | 0.17yr | no data | 0.026% $ 101.2k | |
| Independent Director | 4.42yrs | US$74.40k | 0.055% $ 212.6k | |
| Independent Director | 4.42yrs | US$76.20k | 0.029% $ 114.7k | |
| Director | 0.17yr | no data | 0.013% $ 50.6k |
5.8yrs
Average Tenure
76.5yo
Average Age
Experienced Board: BSRR's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BSRR 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 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$389.327m
- Shares outstanding: 15.39m
- Website: https://www.sierrabancorp.com
Number of Employees
Location
- Sierra Bancorp
- 86 North Main Street
- Porterville
- California
- 93257
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSRR | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 23:53 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.