
Sierra Bancorp (BSRR) Stock Forecast & Price Target
Sierra Bancorp (BSRR) Analyst Ratings
Bulls say
Sierra Bancorp has demonstrated strong operating results, highlighted by a notable expansion in net interest margin (NIM) to 3.69%, reflecting the positive impact of recent balance sheet restructuring and an increased focus on mortgage warehouse loans. The company's total end-of-period loans saw a significant growth of 13% quarter-over-quarter, driven primarily by an $88 million increase in mortgage warehouse balances, which exceeded prior estimates. Additionally, the tangible common equity (TCE) ratio improved to 9.0%, and the tangible book value per share (TBVPS) increased by 3.3%, reinforcing a positive outlook for the company.
Bears say
Sierra Bancorp faces significant challenges, as evidenced by a decrease in the allowance for credit losses, which fell to 1.18% from 1.19%, indicating potentially heightened credit risk. Additionally, the banking sector's fundamental backdrop remains strained, with net interest income pressures adversely affecting earnings per share (EPS) estimates, particularly in the aftermath of the March banking crisis. The outlook is further compounded by risks associated with deposit outflows, below-expected loan growth, and net interest margin (NIM) compression if deposit betas rise in a prolonged high-interest-rate environment.
This aggregate rating is based on analysts' research of Sierra Bancorp and is not a guaranteed prediction by Public.com or investment advice.
Sierra Bancorp (BSRR) Analyst Forecast & Price Prediction
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