Sierra Bancorp price target lowered to $25 from $26 at DA Davidson

DA Davidson lowered the firm’s price target on Sierra Bancorp to $25 from $26 but keeps a Buy rating on the shares. The company’s Q3 results were solid, even though its EPS was a miss relative to the firm’s forecast due to net interest margin compression, the analyst tells investors in a research note. DA Davidson adds that the bank’s asset quality remains pristine with less than $1M of nonperforming assets .