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Last $16.98 USD
Change Today +0.10 / 0.59%
Volume 9.0K
BSRR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

sierra bancorp (BSRR) Snapshot

Open
$16.86
Previous Close
$16.88
Day High
$16.99
Day Low
$16.85
52 Week High
12/31/14 - $18.00
52 Week Low
07/17/14 - $14.66
Market Cap
232.2M
Average Volume 10 Days
20.2K
EPS TTM
$1.17
Shares Outstanding
13.7M
EX-Date
01/27/15
P/E TM
14.6x
Dividend
$0.40
Dividend Yield
2.12%
Current Stock Chart for SIERRA BANCORP (BSRR)

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sierra bancorp (BSRR) Details

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides a range of retail and commercial banking services to communities in the central and southern regions of the San Joaquin Valley in California. The company offers various deposit products, including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, sweep accounts, demand deposit accounts, and NOW accounts for individuals and businesses. It also provides real estate loans secured by commercial or professional office properties; permanent mortgage loans, land acquisition and development loans, multifamily credit facilities, and agricultural mortgage loans; commercial and industrial loans and leases, including small business administration (SBA) loans and direct finance leases; agricultural production loans; and consumer loans. In addition, the company offers automated teller machines; electronic point-of-sale payment alternatives through the Pulse electronic funds transaction network; online banking services; automated telephone banking system services; and other banking products and services, such as remote deposit capture and automated payroll services for business customers. As of July 21, 2014, it operated through 25 branch offices, an online branch, a real estate industries center, an agricultural credit center, and an SBA center. The company was founded in 1977 and is headquartered in Porterville, California.

349 Employees
Last Reported Date: 03/12/15
Founded in 1977

sierra bancorp (BSRR) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $436.8K
President, Chief Operating Officer, Director,...
Total Annual Compensation: $283.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $363.8K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $302.4K
Compensation as of Fiscal Year 2013.

sierra bancorp (BSRR) Key Developments

Sierra Bancorp and Bank of the Sierra Appoints Kevin J. McPhaill as President and Chief Executive Officer, Effective April 1, 2015

The Boards of Sierra Bancorp and its wholly-owned subsidiary, Bank of the Sierra officially appointed Kevin J. McPhaill as President and Chief Executive Officer of the respective organizations effective April 1, 2015. Furthermore, James C. Holly, who will retire as CEO on March 31, 2015 but will continue as a director of both organizations, was officially appointed as Vice Chairman of the Company and the Bank, also effective April 1, 2015. These actions took place at regular monthly board meetings of the Company and the Bank held March 19, 2015. Mr. McPhaill, who is currently 42 years old, has been President and Chief Operating Officer of the Company and the Bank since January 1, 2014, and prior to that served as an executive vice president and Chief Banking Officer for the Company and the Bank since January 1, 2006.

Sierra Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and the Year Ended December 31, 2014

Sierra Bancorp reported unaudited consolidated earnings results for the fourth quarter and the year ended December 31, 2014. For the quarter, the company reported interest income of $14.509 million against $13.188 million a year ago. Net interest income was $13.868 million against $12.445 million a year ago. Income before taxes was $5.300 million against $4.764 million a year ago. Net income was $3.653 million against $3.869 million a year ago. Diluted earnings per share were $0.26 against $0.27 a year ago. Return on average equity was 7.73% against 8.53% a year ago. Return on average assets was 0.93% against 1.10% a year ago. For the year, the company reported interest income was $55.121 million against $51.785 million a year ago. Net interest income was $52.325 million against $48.564 million a year ago. Income before taxes was $21.431 million against $16.462 million a year ago. Net income was $15.240 million against $13.369 million a year ago. Diluted earnings per share were $1.08 against $0.94 a year ago. Book value per basic share was $13.67 against $12.78 a year ago. Return on average equity was 8.18% against 7.56% a year ago. Return on average assets was 1.03% against 0.96% a year ago. The increase in net income over the prior year is the result of higher net interest income, gains on the of OREO, non-recurring investment gains and a reduced loss provision. These favorable variances were partially offset by non-recurring costs stemming from the company's acquisition of Santa Clara Valley Bank, lower deposit service charge income, higher costs resulting from the company's core software conversion in early 2014, higher salaries and benefits expense, and a higher tax accrual rate. Net income declined by $216,000, or 6%, in the fourth quarter of 2014 relative to the fourth quarter of 2013, but was up $1.871 million, or 14%, for the year in 2014 relative to 2013. The primary factors contributing to these variances include the following: An increase in net interest income; a reduced loss provision; non-recurring acquisition costs, which were offset in large part by non-recurring gains on the of OREO and investment securities; a drop in overdraft and returned item fees; non-recurring life insurance proceeds received in the fourth quarter of 2013; recurring acquisition-related expenses commencing mid-fourth quarter 2014, including personnel and occupancy costs; and ongoing costs associated with the company's core banking system conversion in February 2014.

Sierra Bancorp Declares Increased Dividend for the Fourth Quarter of 2014, Payable on Feb. 12, 2015

Sierra Bancorp declared 10 cents dividend based on the company's performance in the fourth quarter of 2014. The cash dividend is an increase from the 9 cents per share dividend paid by the company in November, and represents the 64th consecutive quarter in which Sierra Bancorp has paid a cash dividend. The dividend will be paid Feb. 12, 2015 to shareholders of record as of Jan. 29, 2015.

 

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Industry Analysis

BSRR

Industry Average

Valuation BSRR Industry Range
Price/Earnings 15.8x
Price/Sales 3.4x
Price/Book 1.2x
Price/Cash Flow 15.2x
TEV/Sales 1.8x
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