DA Davidson analyst Gary Tenner lowered the firm’s price target on Sierra Bancorp (BSRR) to $36 from $37 and keeps a Buy rating on the shares. The company had a solid overall quarter and remains confident in growing loans in both mortgage warehouse, and traditional commercial real estate and C&I segments, the analyst tells investors in a research note. DA Davidson adds that it anticipates further net interest margin expansion in the second quarter with positive ROA momentum through the year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BSRR: