Sierra Bancorp Buyback
OLI recorded this information on 9/30/2016
Company: |
Sierra Bancorp |
Buyback: |
BSRR buyback |
Share Amount Authorized: |
508,266 |
Buyback Details: |
Sierra Bancorp (Nasdaq:BSRR), parent of Bank of the Sierra, announced that its Board of Directors has approved another 500,000 shares for repurchase, in addition to 8,266 shares still remaining under the previous repurchase allotment. The additional authorized shares represent approximately 4% of the Company's total shares currently issued and outstanding. Recent stock buyback activity includes 96,053 shares that were repurchased by the Company during the third quarter of 2016. |
Sierra Bancorp is a bank holding company. Through its subsidiary, Bank of the Sierra, Co. provides a range of retail and commercial banking services. Co.'s lending activities cover real estate, commercial (including small business), mortgage warehouse, agricultural, and consumer loans. Co.'s real estate loans are secured by commercial real estate, which includes both owner-occupied and non-owner occupied properties including office, retail, and hotel/motels, but Co. also provides commercial construction loans, multifamily and agricultural credit facilities among other types of real estate loans. Co. also provides a range of deposit products and services for individuals and businesses.
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Company Name: |
Sierra Bancorp |
Stock buyback: |
BSRR buyback |
Website: |
www.bankofthesierra.com |
Sector: |
Banking & Savings |
Number of ETFs Holding BSRR: |
18 |
Total Market Value Held by ETFs: |
$22.49M |
Total Market Capitalization: |
$263.00M |
% of Market Cap. Held by ETFs: |
8.55% |
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