Sierra Bancorp Approves New Share Repurchase Program For Up To 1M Shares, Effective November 1, 2024, Through October 31, 2025
Portfolio Pulse from Benzinga Newsdesk
Sierra Bancorp has announced a new share repurchase program, allowing the buyback of up to 1 million shares from November 1, 2024, to October 31, 2025. This program replaces the previous one and may include a 10b5-1 plan for repurchases.
October 18, 2024 | 12:05 pm
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Sierra Bancorp has approved a new share repurchase program for up to 1 million shares, effective from November 1, 2024, to October 31, 2025. This program replaces the previous one and may include a 10b5-1 plan.
The announcement of a share repurchase program typically signals management's confidence in the company's future prospects and can lead to a positive impact on the stock price. The potential inclusion of a 10b5-1 plan adds flexibility to the repurchase strategy.
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