New insider activity at Sierra Bancorp ( (BSRR) ) has taken place on February 11, 2025.
EVP/Chief Banking Officer Michael Olague recently sold 19,407 shares of Sierra Bancorp stock, amounting to a total transaction value of $618,713. This significant move highlights a notable financial decision within the company.
Recent Updates on BSRR stock
Sierra Bancorp recently announced its Q4 earnings, reporting a significant 65% increase in net income to $10.4 million compared to the same period in 2023. This growth was driven by higher net interest income, reduced credit loss provisions, and decreased noninterest expenses. The company also reported a full-year net income increase of 16% to $40.6 million. Key metrics such as return on average assets and equity improved, while loan growth was robust, particularly in mortgage warehouse lines. Sierra Bancorp’s strategic efforts included reducing total assets by selling lower-yielding investments and growing total deposits by 5% to $2.9 billion. The bank’s management expressed optimism for 2025, focusing on customer relationship growth and operational efficiency. Additionally, Sierra Bancorp announced a 4% increase in its quarterly dividend, reflecting its strong financial performance.
More about Sierra Bancorp
YTD Price Performance: 8.61%
Average Trading Volume: 46,902
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $448.4M
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