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Porterville-based Sierra Bancorp has announced a new plan to buy back up to 630,000 share of its own common stock.
The share repurchase program by Bank of the Sierra’s parent company replaces a prior program and will continue through Oct. 31, 2023.
“Shares may be repurchased in open-market transactions or privately negotiated transactions executed in compliance with applicable federal and state securities laws,” according to a new release. “The timing of the repurchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions.”
Sierra Bancorp shares were trading at $21.05 Friday morning, up nearly 2% from the Thursday closing price of $20.69.
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