Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - DA Davidson has reiterated its Buy rating on Sierra Bancorp (NASDAQ:BSRR), maintaining a price target of $36.00. According to InvestingPro analysis, the $421 million market cap bank currently trades at an attractive P/E ratio of 10.6x and shows potential upside based on its Fair Value assessment.
The research firm cited Sierra Bancorp’s "solid overall quarter" as a factor in maintaining its positive outlook on the banking company’s stock.
According to DA Davidson, Sierra Bancorp remains confident in its ability to grow loans in mortgage warehouse, traditional commercial real estate, and commercial and industrial segments.
The firm noted that Sierra Bancorp continues to plan capital deployment through share buybacks.
DA Davidson also mentioned that merger and acquisition conversations have increased in Sierra Bancorp’s geographic footprint.
In other recent news, Sierra Bancorp announced a regular quarterly cash dividend of $0.25 per share. This dividend will be distributed on August 14, 2025, to shareholders of record as of August 4, 2025, following a review of the company’s financial performance for the quarter ending June 30, 2025. Additionally, Sierra Bancorp has appointed William Wade II as its new executive vice president and chief operations officer. Wade brings over 30 years of experience in information technology, with previous roles at Independent (LON:IOG) Financial and Simmons Bank. In another development, Sierra Bancorp held its annual shareholder meeting on May 21, 2025. During the meeting, shareholders voted on several important issues, including the election of directors and the ratification of the independent auditor. A substantial 80.95% of the outstanding shares were represented, and all board nominees received over 91% of the votes cast.
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