Sierra Bancorp Announces Stock Repurchase Plan

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Go back to Sierra Bancorp Announces Stock Repurchase Plan

Sierra Bancorp (BSRR) Approves Repurchase of About 4% Shares Outstanding

April 6, 2015 2:05 PM EDT

Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced that its Board of Directors has approved an additional 500,000 shares for repurchase due to the completion of the Company's previous plan. The additional authorized shares represent approximately 4% of the Company's total shares currently issued and outstanding. The 700,000 shares that were previously authorized were repurchased by the Company from March 2014 through March 2015.

"We feel that stock buybacks have been a... More