Sierra Bancorp Up 3.68% To $18.89 After Earnings Beat

Sierra Bancorp (BSRR) said before open Monday that it earned $0.68 per share in quarter three 2023.

On the revenue line, the company reported $35.8 million, missing estimates by $811 thousand.

In the same quarter a year ago, the company earned $0.66 per share on revenue of $35.5 million.

The stock is up 3.68% to $18.89 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Sierra Bancorp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 77, putting Sierra Bancorp in the top 25% of stocks. The firm set a 52-week low on May 4, 2023 at $15.01 and set a 52-week high on December 13, 2022 at $22.53.

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.