STOCK TITAN

Sierra Bancorp - BSRR STOCK NEWS

Welcome to our dedicated page for Sierra Bancorp news (Ticker: BSRR), a resource for investors and traders seeking the latest updates and insights on Sierra Bancorp stock.

Sierra Bancorp (NASDAQ: BSRR) is a prominent bank holding company based in California. Founded in 1977, it operates as the parent company of Bank of the Sierra, the largest community bank headquartered in California's heartland. Over the decades, Sierra Bancorp has expanded its market reach to include Tulare, Kern, Kings, Fresno, Los Angeles, San Luis Obispo, Santa Barbara, and Ventura counties.

Offering a broad spectrum of retail and commercial banking services, Sierra Bancorp caters to both individuals and businesses. Their extensive range of deposit products includes checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. On the lending side, they provide diverse options such as real estate loans, commercial loans (including small business), mortgage warehouse loans, agricultural loans, consumer loans, commercial construction loans, along with multifamily and agricultural credit facilities.

Sierra Bancorp's financial strength is rooted in sound banking practices, which have led to remarkable growth throughout its history. As a member of the FDIC, the company ensures adherence to stringent regulatory standards, commanding trust and reliability in the banking sector.

Latest Achievements and Projects:

  • Continued expansion into new counties, bolstering their presence in California's financial landscape.
  • Introduction of advanced online and mobile banking services to enhance customer convenience.
  • Strong financial performance with robust lending activities supporting local businesses and communities.

For stockholders and potential investors, Sierra Bancorp represents a steadfast institution with a proven track record of growth and community service.

Rhea-AI Summary

Sierra Bancorp (Nasdaq: BSRR) announced its unaudited financial results for Q3 and the first nine months of 2024. The company reported a Q3 net income of $10.6 million, up 3% from the previous quarter. For the first nine months, net income rose to $30.2 million, a 6% increase from 2023. Diluted EPS for Q3 was $0.74, and $2.09 for the nine-month period, up 8% from last year. Key highlights include:

  • Net interest income improved by $0.6 million QoQ.
  • Loan growth of $86.1 million and deposit growth of $19.7 million in Q3.
  • Asset quality remained strong with a nonperforming loans ratio of 0.45%.
  • Tangible book value per share increased by 3% to $22.93.
  • Return on average assets and equity remained stable at 1.14% and 11.95%, respectively.

Despite a challenging interest rate environment, Sierra Bancorp's strategic initiatives and operational efficiencies have driven consistent profitability and growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.92%
Tags
-
Rhea-AI Summary

Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, has announced a new share repurchase program and declared a quarterly cash dividend. The Board of Directors has approved the repurchase of up to 1,000,000 shares of outstanding common stock, effective from November 1, 2024, to October 31, 2025. This program replaces the current one expiring on October 31, 2024.

Additionally, a regular quarterly cash dividend of $0.24 per share has been declared, payable on November 12, 2024, to shareholders of record as of October 31, 2024. This marks the company's 103rd consecutive quarterly cash dividend. Sierra Bancorp has consistently paid dividends since 1987, transitioning from annual to quarterly payments in 1998.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
buybacks dividends
-
Rhea-AI Summary

Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, announced improved financial results for Q2 and H1 2024.

Net income for Q2 2024 reached $10.3 million, or $0.71 per share, up from $9.9 million, or $0.67 per share, in Q2 2023. Year-to-date net income was $19.6 million, a 5% increase from $18.7 million in the first half of 2023.

Key metrics improved: Return on Average Assets (1.14%), Return on Average Equity (11.95%), and Net Interest Margin (3.69%). Total assets grew by $128.1 million to $3.7 billion. Loans and deposits saw annualized growth of 14% and 13%, respectively.

Highlights include: Decline in nonperforming loans to 0.29%, increase in tangible book value to $22.24 per share, and stock repurchase of 178,168 shares. The quarterly dividend was raised to $0.24 per share.

Challenges include increased provisions for credit losses and higher occupancy costs. Despite these, strategic initiatives and asset quality improvements bolster optimism for continued growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.31%
Tags
Rhea-AI Summary

Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, has announced a 4% increase in its quarterly cash dividend to $0.24 per share. The dividend will be paid on August 15, 2024, to shareholders of record as of July 31, 2024. This marks the company's 102nd consecutive quarterly cash dividend since 1998, with a history of regular dividends dating back to 1987.

Bank of the Sierra, in its 47th year of operations, is the largest independent bank in the South San Joaquin Valley. It offers retail and commercial banking services through branches in seven California counties and maintains an online presence. In 2024, the bank received a 5-star rating from Bauer Financial, recognizing it as one of the strongest community banks in the country.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
dividends
-
Rhea-AI Summary
Sierra Bancorp (Nasdaq: BSRR) reported consolidated net income of $9.3 million for the first quarter of 2024, showing a 48% increase from the prior quarter. Return on average assets and return on average equity improved to 1.06% and 11.09%, respectively. Loan and deposit growth, strong asset quality, and capital liquidity were highlighted. The completion of balance sheet restructuring led to improved earnings and future earnings potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
-
Rhea-AI Summary
Sierra Bancorp (BSRR) declares a regular quarterly cash dividend of $0.23 per share, marking its 101st consecutive quarterly cash dividend. The dividend will be paid on May 13, 2024, to shareholders of record as of April 30, 2024. The company has a strong financial performance history, paying dividends every year since 1987. Bank of the Sierra, its subsidiary, is a community-centric regional bank with various retail and commercial banking services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.81%
Tags
dividends
Rhea-AI Summary
Sierra Bancorp, parent of Bank of the Sierra, announced a strategic securities transaction and unaudited financial results for the three-and twelve-month periods ended December 31, 2023. The company reported a consolidated net income of $6.3 million in the fourth quarter of 2023, with a return on average assets of 0.94% and return on average equity of 11.30%. The strategic branch sale/leaseback and securities strategy are expected to improve future earnings. The company also declared a dividend of $0.23 per share, payable on February 12, 2024, marking their 100th consecutive quarterly dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
none
-
Rhea-AI Summary
Sierra Bancorp (Nasdaq: BSRR) has declared a regular quarterly cash dividend of $0.23 per share, marking the Company’s 100th consecutive quarterly cash dividend. The dividend will be paid on February 12, 2024, to shareholders of record as of January 31, 2024. Bank of the Sierra, the largest independent bank in the South San Joaquin Valley, has been paying regular cash dividends to shareholders every year since 1987. In 2023, the bank was recognized as one of the strongest and top-performing community banks in the country, with a 5-star rating from Bauer Financial and a BBB+ rating from Kroll.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
dividends
-
Rhea-AI Summary
Sierra Bancorp reports unaudited financial results for Q3 2023, with net income of $9.9 million and steady earnings. Total nonperforming loans and past due loans decline. Total deposits decrease by 1.6% while liquidity increases. Total assets are up 4% year-to-date. Dividend declared of $0.23 per share. CEO expresses pride in team's accomplishments and optimism for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
Tags
Rhea-AI Summary
Sierra Bancorp announces new share repurchase program and declares regular quarterly cash dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
buyback dividends

FAQ

What is the current stock price of Sierra Bancorp (BSRR)?

The current stock price of Sierra Bancorp (BSRR) is $32.3 as of November 8, 2024.

What is the market cap of Sierra Bancorp (BSRR)?

The market cap of Sierra Bancorp (BSRR) is approximately 464.3M.

What year was Sierra Bancorp founded?

Sierra Bancorp was founded in 1977.

What types of banking services does Sierra Bancorp offer?

Sierra Bancorp offers retail and commercial banking services including checking and savings accounts, various loan types, and retirement accounts.

Where is Sierra Bancorp headquartered?

Sierra Bancorp is headquartered in California's heartland.

What counties does Sierra Bancorp serve?

Sierra Bancorp serves Tulare, Kern, Kings, Fresno, Los Angeles, San Luis Obispo, Santa Barbara, and Ventura counties.

What lending options are available at Sierra Bancorp?

Sierra Bancorp provides real estate loans, commercial loans, mortgage warehouse loans, agricultural loans, consumer loans, and more.

Is Sierra Bancorp a member of the FDIC?

Yes, Sierra Bancorp is a member of the FDIC.

What recent projects has Sierra Bancorp undertaken?

Recent projects include expanding into new counties and introducing advanced online and mobile banking services.

How can I open an account with Sierra Bancorp?

You can open an account with Sierra Bancorp by visiting one of their branches or through their online banking platform.

What is the ticker symbol for Sierra Bancorp?

The ticker symbol for Sierra Bancorp is BSRR.

What makes Sierra Bancorp unique?

Sierra Bancorp is unique due to its longstanding history, robust financial strength, and commitment to community growth.

Sierra Bancorp

Nasdaq:BSRR

BSRR Rankings

BSRR Stock Data

464.29M
14.46M
10.48%
56.8%
0.74%
Banks - Regional
State Commercial Banks
Link
United States of America
PORTERVILLE