| Over a month ago | ||||
Reports Q1 net… Reports Q1 net charge-offs .09%. Reports Q1 tangible book value per share $19.58. "Over the past few months, we have successfully added new agricultural, commercial real estate, and mortgage warehouse experts to our lending team," stated Kevin McPhaill, president and CEO. "This has created a higher level of energy and excitement as we look to grow these segments of our loan portfolio. In addition to our new lenders, new loan opportunities have increased throughout our branches as our bankers diligently work with existing and new customers throughout our markets. We have also launched new deposit products and enhanced our treasury services as we look to add to our already strong deposit growth. While this year will have challenges, there will be opportunities as well. We are excited about our prospects and look forward to continued success this year!" McPhaill concluded. | ||||
| Over a quarter ago | ||||
Janney Montgomery Scott… Janney Montgomery Scott downgraded Sierra Bancorp to Neutral from Buy. | ||||
Reports Q4 tangible book… Reports Q4 tangible book value per share $21.73. Reports Q4 net charge-offs .01%. "We are proud of our efforts to help our customers and communities through these challenging times. Our tireless work is reflected in our fourth quarter results that complete a record-breaking year for income," stated Kevin McPhaill, president and CEO. "Henry Ford said it best, 'Coming together is a beginning; keeping together is progress; working together is success.' With 2021 now complete, we look forward to opportunities in 2022 and beyond!" McPhaill concluded. | ||||
Keefe Bruyette analyst… Keefe Bruyette analyst Stuart Lotz last night assumed coverage of four California small- and mid-cap banks with a positive outlook. They offer "asset-sensitive balance sheets anchored by strong, low-cost core deposit bases" as well as outsized cash redeployment and earning asset remix opportunities, Lotz tells investors in a research note. The analyst's top picks are Outperform-rated Bank of Marin Bancorp (BMRC) and Sierra Bancorp (BSRR), we he is "comfortably above consensus" estimates. Lotz also assumed Central Valley Community Bancorp (CVCY) and Five Star Bancorp (FSBC) with Market Perform ratings. | ||||
Keefe Bruyette analyst… Keefe Bruyette analyst Stuart Lotz assumed coverage of Sierra Bancorp with an Outperform rating and $33 price target. Before suspending coverage under a different analyst the firm had a Market Perform rating on the shares. | ||||
Sierra Bancorp announced… Sierra Bancorp announced that its board of directors has approved a new share repurchase program authorizing the company to repurchase up to 1M shares of its outstanding common stock, from time to time, commencing after the current blackout period ends and continuing until October 31, 2022. This share repurchase program replaces and supersedes the prior share repurchase program. | ||||
