Momentum Stock: Sierra Bancorp (NASDAQ:BSRR)

Shares of Sierra Bancorp (NASDAQ:BSRR) ended Wednesday session in green amid volatile trading. The shares closed up +0.24 points or 1.09% at $22.25 with 38,376 shares getting traded. Post opening the session at $21.93, the shares hit an intraday low of $21.93 and an intraday high of $22.41 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $314.42 million and the number of outstanding shares have been calculated to be 13.79 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at 9.28%, resulting in a performance for the month at 22.27%. Therefore, the stated figure displays a quarterly performance of 23.01% and an annual performance of 29.90% traded up 1.09% on 23 November, 2016 hitting $22.25.

EPS (Earning Per Share )

The EPS of BSRR is strolling at 1.29, measuring its EPS growth this year at 23.40%. As a result, the company has an EPS growth of 17.59% for the approaching year. Company’s EPS for the past five years is valued at 17.10%, leading it to an EPS value of 8.00% for the next five years.

P/E-P/S-P/B-P/C-P/FCF

BSRR P/E ratio is measuring at 17.25 with a forward P/E of 15.41. As of now, Sierra Bancorp has a P/S value of 4.55, measuring P/B at 1.47. Its P/Cash is valued at 4.59 and P/FCF is at 15.63.

Beta/ATR/Volatility

Beta factor is stands at 0.74 and Avg. true range is 0.67. Historically, the volatility of this stock is about 3.91% a week and 3.45% a month.

Sierra Bancorp (BSRR) recently declared its unaudited financial results for the quarter and the nine-month period ended September 30, 2016.  Sierra Bancorp recognized merged net income of $3.929 million for the third quarter of 2016.  Net interest income and non-interest income show favorable trends in recent periods, but because of non-recurring acquisition costs totaling $1.695 million that were recorded during the quarter, net income for the third quarter of 2016 is lower than in the second quarter, and is also down relative to the third quarter in the prior year.  For the recently-ended quarter the Company’s return on average assets was 0.81%, its return on average equity was 7.50%, and diluted earnings per share were $0.28.

For the first nine months of 2016 the Company recognized net income of $12.050 million, which represents a drop of 5% relative to the same period in 2015 because of non-recurring acquisition costs of $2.037 million for the current year-to-date period.  The Company’s financial performance metrics for the first nine months of 2016 include an annualized return on average equity of 8.08%, a return on average assets of 0.89%, and diluted earnings per share of $0.89.

Total assets raised by $177 million, or 10%, during the first nine months of 2016.  Asset growth for the year-to-date period came mainly from increases of $123 million, or 11%, in gross loan balances, $28 million, or 6%, in investment securities, and $17 million, or 35%, in cash and balances due from banks.  Total deposits were up $169 million, or 12%, counting a $136 million increase in core non-maturity deposits.  Balance sheet growth was exceptionally robust in the third quarter because of the acquisition of Coast Bancorp on July 8, 2016, which contributed $94 million to loan balances, $31 million to total investments, and $129 million to deposits on the acquisition date.  The attained investment balances included $15 million in corporate bonds and other securities that were sold by the Company shortly after the acquisition, in addition to $7 million invested in time deposits at other financial institutions.  Total nonperforming assets were reduced by almost $4 million, or 29%, for the year-to-date period.

 

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