Sierra Bancorp
Community bank combining Central Valley real estate lending with mortgage-warehouse and agricultural credit specialties.
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Profile
A California community bank built on commercial and residential real estate lending, with specialty units in mortgage-warehouse credit for mortgage originators and agricultural lending for Central Valley producers. Its branch network is concentrated in the South San Joaquin Valley, Central Coast, and Ventura County.
Runs Bank of the Sierra, a state-chartered community bank built on commercial and residential real estate lending, with two specialty units layered on top: a mortgage-warehouse line that extends short-term revolving credit to mortgage originators nationwide, and a dedicated agricultural credit center serving Central Valley dairy and permanent-crop growers.
Branches are concentrated in California's South San Joaquin Valley, with additional reach into the Central Coast and Ventura County, built up through a string of community-bank acquisitions since the early 2000s. Deposits fund most of the loan book, with a growing share held in low-cost, non-interest-bearing accounts.
Commercial real estate is the single largest concentration in the portfolio, and the mortgage-warehouse book expands and contracts with national mortgage-origination volume. Lending stays entirely within California, and both the holding company and the bank operate under state and federal banking regulation.
Company facts
Categories
Key statistics
Year to date +23.1% · Average volume (30d) 64.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Neutral | $39 | |
| Feb 3, 2026 | DA Davidson | Reiterate | Buy | $25 | $44 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $0.89 | $0.77 | −13.7% | $39.6M | $39.0M | −1.5% | −0.44% |
| Apr 27, 2026Q1 FY26 | $0.82 | $0.96 | +17.1% | $39.7M | $38.6M | −2.8% | −0.46% |
| Feb 2, 2026Q4 FY25 | $0.85 | $0.97 | +14.1% | $40.0M | $39.3M | −1.9% | −0.62% |
| Oct 27, 2025Q3 FY25 | $0.79 | $0.72 | −8.9% | $40.0M | $37.7M | −5.8% | +4.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $46.0M | $49.0M | $49.7M | $50.6M | $49.2M | $49.5M | |
| Gross profit | $32.6M | $35.8M | $34.0M | $40.2M | $38.6M | $36.8M | |
| Operating income | $12.3M | $14.2M | $12.7M | $17.2M | $16.7M | $13.3M | |
| Net income | $9.1M | $10.6M | $9.7M | $12.9M | $12.5M | $9.9M | |
| Diluted EPS | $0.65 | $0.78 | $0.72 | $0.97 | $0.96 | $0.76 | |
| Gross margin | 70.8% | 73.0% | 68.5% | 79.3% | 78.4% | 74.3% | |
| Operating margin | 26.7% | 29.0% | 25.6% | 33.9% | 34.0% | 26.8% |
Fiscal years (4-quarter sums)FY21 $133.6M · FY22 $142.4M · FY23 $168.9M · FY24 $191.1M · FY25 $195.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.04B · Total debt $208.0M · Total assets $3.72B · Shareholders' equity $366.9M
Dividends
Raised for 15 straight years — most recently to $0.27 from $0.26 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 10 | $0.27 | raised from $0.26 |
| May 4, 2026 | May 4 | May 11 | $0.26 | |
| Feb 9, 2026 | Feb 9 | Feb 17 | $0.26 | raised from $0.25 |
| Nov 3, 2025 | Nov 3 | Nov 14 | $0.25 | |
| Aug 4, 2025 | Aug 4 | Aug 14 | $0.25 | |
| May 5, 2025 | May 5 | May 15 | $0.25 | |
| Feb 3, 2025 | Feb 3 | Feb 14 | $0.25 | raised from $0.24 |
| Oct 31, 2024 | Oct 31 | Nov 12 | $0.24 |
Ownership
Shares outstanding 13.08M · Float 11.57M · 88.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.31M | 9.99% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 921.6K | 7.05% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 527.0K | 4.03% | 13F | Aug 13, 2026 |
| Jupiter Topco LLC | 438.3K | 3.35% | 13F | Aug 14, 2026 |
| Private Management Group Inc | 434.1K | 3.32% | 13F | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Julie G. Castle | director | −1,000 | $40.70 |
| May 29, 2026 | Hugh F. Boyle | officer: EVP/Chief Credit Officer | −10,000 | $38.21 |
| May 22, 2026 | Christopher G. Treece | officer: EVP/Chief Financial Officer | −10,000 | $38.18 |
| May 18, 2026 | Vonn R. Christenson | director | −1,053 | $38.01 |
| May 8, 2026 | Vonn R. Christenson | director | −3,947 | $38.05 |
Peers
- CVB Financial
Head-to-head branch overlap in Tulare, Fresno, and Kern with CRE/ag lending
- Community West Bancshares
Direct branch rival now leading deposit share across shared Fresno-area counties
- TriCo Bancshares
Larger NorCal/Central CA bank with overlapping CRE and agricultural lending
- Wells Fargo
Largest deposit-share rival across the shared 27-city branch footprint
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sierra Bancorp | $39.84 | −0.23% | $521.1M | 11.7 | 11.0 | 2.6 | +5.4% |
| CVB Financial | $22.19 | 0.00% | $3.18B | 14.6 | 12.0 | 4.5 | +42.0% |
| Community West Bancshares | $25.82 | −0.04% | $543.6M | 14.0 | 9.3 | 2.8 | +38.2% |
| TriCo Bancshares | $53.81 | −0.01% | $1.73B | 12.9 | 12.4 | 3.2 | +9.9% |
| Wells Fargo | $86.69 | +0.01% | $262.12B | 12.5 | 11.6 | 2.0 | +8.6% |
| Median | 13.4 | 11.8 | 3.0 | +24.1% |