New insider activity at Sierra Bancorp ( (BSRR) ) has taken place on February 8, 2025.
Julie Castle, the President of Financial Services at Sierra Bancorp, recently sold 1,104 shares of the company’s stock, making a total of $35,328 from the transaction.
Recent Updates on BSRR stock
Sierra Bancorp has reported robust financial results for the year 2024, highlighted by a notable 65% increase in net income for Q4 to $10.4 million, driven by higher net interest income, reduced credit loss provisions, and decreased noninterest expenses. The full-year net income rose 16% to $40.6 million, with improvements in return on average assets and equity. Despite a challenging interest rate environment, the bank achieved significant loan growth, particularly in mortgage warehouse lines, and increased total deposits by 5% to $2.9 billion. Additionally, Sierra Bancorp announced a 4% increase in its quarterly dividend, reflecting confidence in its financial performance and capital position. These positive developments have influenced analysts’ views on the stock, considering the company’s strong financial performance and strategic efforts to enhance operational efficiencies and investor relations.
More about Sierra Bancorp
YTD Price Performance: 11.30%
Average Trading Volume: 46,702
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $459.4M