Sierra Bancorp (BSRR) Reactivates 700K Buyback Plan
Tweet Send to a FriendGet Alerts BSRR Hot Sheet
Price: $14.61 -0.88%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 1.9%
EPS Growth %: +23.1%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.9%
EPS Growth %: +23.1%
Trade BSRR Now!
Sierra Bancorp (NASDAQ: BSRR) as reactivated the Company's stock repurchase program and increased the number of shares authorized for repurchase to 700,000, or 5% of total issued and outstanding shares.
The repurchase program is designed to improve the Company's return on equity and earnings per share, and should provide an additional outlet for shareholders interested in selling their shares. Repurchases will be made from time to time on the open market through one or more of the Company's market makers, and will be structured to conform to the safe harbor provisions of Securities and Exchange Commission Rule 10b-18. SEC Rule 10b-18 contains restrictions related to the price, timing, and volume of repurchases, among other things. Within those parameters, the Company can accept or reject any specific shares offered based upon market conditions and any other relevant considerations at the time. At management's discretion, the repurchase program may be discontinued at any time.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The repurchase program is designed to improve the Company's return on equity and earnings per share, and should provide an additional outlet for shareholders interested in selling their shares. Repurchases will be made from time to time on the open market through one or more of the Company's market makers, and will be structured to conform to the safe harbor provisions of Securities and Exchange Commission Rule 10b-18. SEC Rule 10b-18 contains restrictions related to the price, timing, and volume of repurchases, among other things. Within those parameters, the Company can accept or reject any specific shares offered based upon market conditions and any other relevant considerations at the time. At management's discretion, the repurchase program may be discontinued at any time.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jabil Circuit (JBL) Tops Q3 EPS by 2c; Issues Light Q4 Outlook; Will Realign Global Ops
- PVH Corp. (PVH) Tops Q1 EPS by 56c; Issues Q2 EPS, Revs Outlook
- UPDATE: Citi Raises PT on Micron Technology (MU) to $19
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Stock Buyback, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
