Sierra Bancorp (BSRR)
Community bank combining Central Valley real estate lending with mortgage-warehouse and agricultural credit specialties.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $39 |
| Feb 3, 2026 | DA Davidson | Reiterate | Rating: —Target: $25 | Target: $44 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.04B · Total debt $208.0M · Total assets $3.72B · Shareholders' equity $366.9M
- Revenue
- $49.5M
- Operating income
- $13.3M
- Net income
- $9.9M
HistoryDividendAnnual yield
| Institutions | ≈ 60.25% | 7.81M shares | |
|---|---|---|---|
| 127 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.72% | 741.1K shares | |
| 19 holders · as of Aug 3, 2026 | |||
| Other | ≈ 34.03% | 4.41M shares | |
| remainder | |||
12.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.08% | 1.31M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 7.11% | 921,629 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.07% | 527,029 | as of Jun 30, 2026 |
Jupiter Topco LLCInstitution | 3.38% | 438,288 | as of Jun 30, 2026 |
Private Management Group IncInstitution | 3.35% | 434,075 | as of Jun 30, 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 |
- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sierra Bancorp | $40.01 | −0.05% | $523.2M | 11.7 | 11.0 | 2.6 | +5.4% |
| CVB Financial | $22.16 | −0.05% | $3.22B | 14.8 | 12.0 | 4.6 | +42.0% |
| Community West Bancshares | $25.74 | 0.00% | $546.2M | 14.0 | 9.6 | 2.8 | +38.2% |
| TriCo Bancshares | $52.32 | −0.06% | $1.70B | 12.7 | 12.1 | 3.1 | +9.9% |
| Wells Fargo | $83.48 | +0.39% | $261.71B | 12.5 | 11.1 | 2.0 | +8.6% |
| Median | 13.4 | 11.5 | 2.9 | +24.1% |