A Business at a Glance
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SIERRA BANCORP
BSRR
$570M
Mkt Cap
$41.88
+0.38%
SIERRA BANCORP (BSRR) has a current P/E ratio of 13.5, compared to its historical median P/E of 9.7. The stock is currently considered Expensive based on its historical valuation range.
SIERRA BANCORP (BSRR) has a 5-year average return on invested capital (ROIC) of 10.0%. This indicates solid capital allocation.
SIERRA BANCORP (BSRR) has a market capitalization of $548M. It is classified as a small-cap stock.
Yes, SIERRA BANCORP (BSRR) pays a dividend with a trailing twelve-month yield of 2.49%. The company also returns capital through share buybacks, with a buyback yield of 5.01%.
Based on historical P/E analysis, SIERRA BANCORP (BSRR) appears expensive. The current P/E of 13.5 is 39% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 3.7%.
SIERRA BANCORP (BSRR) operates in the State Commercial Banks industry, within the Financials sector.
SIERRA BANCORP (BSRR) reported annual revenue of $202 million in its most recent fiscal year, based on SEC EDGAR filings.
The Company Sierra Bancorp (the “Company”) is a California corporation headquartered in Porterville, California, and is a registered bank holding company under federal banking laws. The Company was formed to serve as the holding company for Bank of the Sierra (the “Bank”). The Company has been the Bank’s sole shareholder since August 2001. The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish. As of December 31, 2025, the Company’s only other subsidiaries were Sierra Statutory Trust II, Sierra Capital Trust III, and Coast Bancorp Statutory Trust II, which were formed solely to facilitate the issuance of capital trust pass-through securities (“TruPS”). Pursuant to the Financial Accounting Standards Board (“FASB”) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the financial statements of the Company.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 157M | 202M | 204M | 194M | 153M | 141M |
| Net Income | 46M | 42M | 41M | 35M | 34M | 43M |
| EPS | $3.42 | $3.11 | $2.82 | $2.36 | $2.24 | $2.80 |
| Free Cash Flow | 2.9M | 32M | 56M | 52M | 32M | 52M |
| ROIC | 11.1% | 10.3% | 10.2% | 9.4% | 8.8% | 11.4% |
| Gross Margin | - | 78.9% | 78.7% | 73.8% | 92.0% | 94.5% |
| Debt/Equity | 0.14 | 1.10 | 0.44 | 1.29 | 1.24 | 0.43 |
| Dividends/Share | $1.04 | $1.00 | $0.94 | $0.92 | $0.92 | $0.87 |
| Operating Income | 5.1M | 4.4M | 3.5M | 4.4M | 7.2M | 2.9M |
| Operating Margin | 3.3% | 2.2% | 1.7% | 2.3% | 4.7% | 2.1% |
| ROE | 12.6% | 11.7% | 11.7% | 10.9% | 10.1% | 12.2% |
| Shares Outstanding | 13M | 14M | 14M | 15M | 15M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 71M | 80M | 88M | 103M | 123M | 134M | 136M | 141M | 153M | 194M | 204M | 202M | 157M |
| Gross Margin | 95.6% | 96.8% | 96.2% | 93.8% | 89.0% | 88.0% | 89.8% | 94.5% | 92.0% | 73.8% | 78.7% | 78.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 23M | 25M | 27M | 32M | 36M | 36M | 40M | 42M | 47M | 51M | 50M | 51M | 51M |
| EBIT | 1.7M | 2.5M | 3.4M | 3.5M | 2.7M | 2.2M | 4.6M | 2.9M | 7.2M | 4.4M | 3.5M | 4.4M | 5.1M |
| Op. Margin | 2.4% | 3.1% | 3.9% | 3.4% | 2.2% | 1.6% | 3.3% | 2.1% | 4.7% | 2.3% | 1.7% | 2.2% | 3.3% |
| Net Income | 15M | 18M | 18M | 20M | 30M | 36M | 35M | 43M | 34M | 35M | 41M | 42M | 46M |
| Net Margin | 21.5% | 22.5% | 20.0% | 19.0% | 24.1% | 26.8% | 26.0% | 30.5% | 22.1% | 18.0% | 19.9% | 21.0% | 29.1% |
| Non-Recurring | 4K | 62K | -2K | -136K | -16K | -28K | 0 | 180K | -8K | 15M | 3.8M | -52K | -52K |
| Returns on Capital | |||||||||||||
| ROIC | 8.1% | 9.4% | 8.8% | 8.5% | 11.2% | 12.4% | 10.9% | 11.4% | 8.8% | 9.4% | 10.2% | 10.3% | 11.1% |
| ROE | 8.3% | 9.6% | 8.9% | 8.5% | 11.2% | 12.4% | 10.9% | 12.2% | 10.1% | 10.9% | 11.7% | 11.7% | 12.6% |
| ROA | 1.0% | 1.1% | 0.9% | 0.9% | 1.2% | 1.4% | 1.2% | 1.3% | 1.0% | 0.9% | 1.1% | 1.1% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 29M | 29M | 16M | 41M | 30M | 47M | 40M | 53M | 34M | 53M | 57M | 34M | 4.1M |
| Free Cash Flow | 26M | 26M | 12M | 39M | 27M | 46M | 37M | 52M | 32M | 52M | 56M | 32M | 2.9M |
| Owner Earnings | 26M | 26M | 13M | 37M | 27M | 42M | 35M | 48M | 29M | 48M | 53M | 29M | -29M |
| CapEx | 2.4M | 2.5M | 3.6M | 2.1M | 3.1M | 783K | 2.9M | 371K | 1.3M | 1.4M | 1.2M | 1.5M | 1.2M |
| Maint. CapEx | 2.1M | 2.3M | 2.6M | 3.0M | 3.2M | 3.9M | 3.9M | 4.1M | 3.4M | 3.1M | 2.7M | 2.5M | 31M |
| Growth CapEx | 272K | 258K | 1.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.1M | 2.3M | 2.6M | 3.0M | 3.2M | 3.9M | 3.9M | 4.1M | 3.4M | 3.1M | 2.7M | 2.5M | 31M |
| CapEx/OCF | 8.3% | 8.8% | 22.2% | 5.3% | 10.3% | 1.7% | 7.3% | 0.7% | 3.8% | 2.7% | 2.0% | 4.5% | 29.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.8M | 5.7M | 6.5M | 7.9M | 9.8M | 11M | 12M | 13M | 14M | 14M | 14M | 14M | 14M |
| Dividend Yield | 3.0% | 3.5% | 3.6% | 2.8% | 3.0% | 3.6% | 4.9% | 4.1% | 4.7% | 5.4% | 4.1% | 3.5% | 2.5% |
| Share Buybacks | 10M | 8.0M | 2.3M | 0 | 0 | 2.5M | 2.6M | 5.2M | 5.2M | 8.9M | 16M | 32M | 27M |
| Buyback Yield | 5.9% | 4.6% | 0.9% | N/A | N/A | 0.7% | 0.9% | 1.4% | 1.8% | 2.9% | 4.0% | 7.1% | 5.0% |
| Stock-Based Comp | 181K | 35K | 188K | 476K | 373K | 490K | 688K | 995K | 1.3M | 1.7M | 2.0M | 2.2M | 2.2M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -26M | 29M | -55M | -486M | -579M | -661M | -433M | -1.1B | 300M | 358M | 58M | 267M | -107M |
| Cash & Equiv. | 50M | 49M | 120M | -50M | 74M | 80M | 71M | 258M | 77M | 79M | 101M | 136M | 156M |
| Long-Term Debt | 6.0M | 2.0M | 0 | 0 | N/A | N/A | N/A | 49M | 49M | 49M | 49M | 49M | 50M |
| Debt/Equity | 0.13 | 0.41 | 0.32 | 0.09 | 0.21 | 0.06 | 0.53 | 0.43 | 1.24 | 1.29 | 0.44 | 1.10 | 0.14 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 187M | 190M | 206M | 256M | 273M | 309M | 344M | 362M | 304M | 338M | 357M | 365M | 364M |
| Total Assets | 1.6B | 1.8B | 2.0B | 2.3B | 2.5B | 2.6B | 3.2B | 3.4B | 3.6B | 3.7B | 3.6B | 3.8B | 3.8B |
| Total Liabilities | 1.5B | 1.6B | 1.8B | 2.1B | 2.2B | 2.3B | 2.9B | 3.0B | 3.3B | 3.4B | 3.3B | 3.5B | 3.4B |
| Intangibles | 1.1M | 930K | 2.8M | 6.2M | 6.5M | 5.4M | 4.3M | 3.3M | 2.3M | 1.4M | 618K | 52K | 13K |
| Retained Earnings | 116M | 123M | 132M | 144M | 164M | 187M | 208M | 234M | 243M | 259M | 275M | 280M | 281M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.08 | 1.33 | 1.29 | 1.36 | 1.92 | 2.33 | 2.32 | 2.80 | 2.24 | 2.36 | 2.82 | 3.11 | 3.42 |
| Owner EPS | 1.86 | 1.94 | 0.94 | 2.59 | 1.74 | 2.75 | 2.32 | 3.09 | 1.92 | 3.28 | 3.65 | 2.13 | -2.25 |
| Book Value | 13.26 | 14.01 | 15.12 | 17.81 | 17.66 | 20.04 | 22.51 | 23.60 | 20.20 | 22.90 | 24.84 | 26.81 | 27.78 |
| Cash Flow/Share | 2.02 | 2.11 | 1.14 | 2.83 | 1.97 | 3.03 | 2.62 | 3.43 | 2.23 | 3.61 | 3.97 | 2.48 | 5.89 |
| Dividends/Share | 0.34 | 0.42 | 0.48 | 0.56 | 0.64 | 0.74 | 0.80 | 0.87 | 0.92 | 0.92 | 0.94 | 1.00 | 1.04 |
| Shares Out. | 14.1M | 13.6M | 13.6M | 14.4M | 15.5M | 15.4M | 15.3M | 15.4M | 15.0M | 14.8M | 14.4M | 13.6M | 13.1M |
| Valuation | |||||||||||||
| P/E Ratio | 11.3 | 9.5 | 14.8 | 14.9 | 9.6 | 9.8 | 8.4 | 8.4 | 8.3 | 8.9 | 9.9 | 10.6 | 12.2 |
| P/FCF | 6.6 | 6.6 | 21.7 | 7.6 | 10.4 | 7.7 | 8.0 | 6.9 | 8.7 | 6.0 | 7.1 | 13.9 | 188.1 |
| EV/EBIT | 79.8 | 62.2 | 37.0 | N/A | N/A | N/A | N/A | N/A | 55.6 | 130.3 | 99.0 | 134.0 | 86.3 |
| Price/Book | 0.9 | 0.9 | 1.3 | 1.1 | 1.0 | 1.1 | 0.9 | 1.0 | 0.9 | 0.9 | 1.1 | 1.2 | 1.5 |
| Price/Sales | 2.3 | 2.1 | 2.2 | 2.9 | 2.9 | 2.6 | 1.9 | 2.4 | 2.1 | 1.8 | 2.2 | 2.5 | 3.5 |
| FCF Yield | 15.2% | 15.3% | 4.6% | 13.2% | 9.6% | 13.0% | 12.4% | 14.5% | 11.5% | 16.7% | 14.0% | 7.2% | 0.5% |
| Market Cap | 172M | 172M | 260M | 292M | 284M | 354M | 298M | 361M | 281M | 311M | 400M | 448M | 548M |
| Avg. Price | 11.14 | 11.83 | 13.34 | 19.40 | 21.15 | 20.30 | 16.35 | 21.23 | 19.85 | 17.08 | 23.15 | 28.59 | 41.88 |
| Year-End Price | 12.21 | 12.63 | 19.11 | 20.31 | 18.41 | 22.91 | 19.54 | 23.48 | 18.70 | 21.08 | 27.83 | 32.91 | 41.88 |
SIERRA BANCORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
SIERRA BANCORP trades at 13.5x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 17.2x vs a median of 7.9x. The company's 5-year average ROIC is 10.0% with a gross margin of 83.6%. Total shareholder yield (dividends + buybacks) is 7.5%. At current prices, the estimated annualized return to fair value is +5.5%.
SIERRA BANCORP (BSRR) has a net profit margin of 21.0%. This is a strong margin indicating high profitability.
SIERRA BANCORP (BSRR) generated $32 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SIERRA BANCORP (BSRR) has a debt-to-equity ratio of 1.10. This indicates moderate leverage.
SIERRA BANCORP (BSRR) reported earnings per share (EPS) of $3.11 in its most recent fiscal year.
SIERRA BANCORP (BSRR) has a return on equity (ROE) of 11.7%. This indicates moderate shareholder returns.
SIERRA BANCORP (BSRR) has a 5-year average gross margin of 83.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for SIERRA BANCORP (BSRR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SIERRA BANCORP (BSRR) has a book value per share of $26.81, based on its most recent annual SEC filing.