Sierra Bancorp price target raised to $44 from $39 at DA Davidson

DA Davidson raised the firm’s price target on Sierra Bancorp (BSRR) to $44 from $39 and keeps a Buy rating on the shares. The company had a solid overall quarter with EPS upside driven by a lower than expected, negative loan loss provision, the analyst tells investors in a research note. Sierra’s loan growth outlook for 2026 is also improved from the last two years in the mid-single digit range, the firm added.