Sierra Bancorp Up 1.57% To $22.00 After Earnings Miss

Sierra Bancorp (BSRR) said before open Monday that it earned $0.66 per share in quarter three 2022.

On the revenue line, the company reported $35.5 million, missing estimates by $87 thousand.

In the same quarter a year ago, the company earned $0.69 per share on revenue of $34.3 million.

The stock is up 1.57% to $22.00 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Sierra Bancorp a Bullish Sentiment Rank from InvestorsObserver.

Sierra Bancorp has performed a little above average during the past few months. Before the report, Sierra Bancorp received a Long-Term Technical Rank by InvestorsObserver of 68, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $19.62 on September 30, 2022 and set a 52-week high on January 10, 2022 at $28.92.

Sierra Bancorp is a California-based bank holding company, which offers a range of retail and commercial banking services. The bank provides lending money, which includes customers such as real estate, commercial, mortgage warehousing, agricultural, and consumer loans. The bank accepts deposits for individuals and businesses, including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts.