Insider transactions
James C. Holly, who serves on the board of Sierra Bancorp (BSRR), executed two transactions on February 5, 2026. He sold 5,000 shares of the company's common stock at a price of $37.9331 per share, bringing the total proceeds from that sale to $189,665.
On the same date, Holly also exercised options to purchase 5,000 shares of Sierra Bancorp common stock at an exercise price of $17.25 per share, for a total exercise amount of $86,250.
Holdings after transactions
Following the sale and the option exercise, Holly's direct ownership in Sierra Bancorp stands at 302,970 shares. In addition to those directly held shares, Holly has an indirect interest in 30,000 shares through a limited partnership and holds another 11,139 shares directly.
Recent company performance and analyst response
DA Davidson described Sierra Bancorp's most recent quarter as a "solid overall quarter." Based on the company's results, the firm increased its stock price target from $39 to $44 and maintained a Buy rating on the shares. The company's reported earnings per share beat expectations, a result the company attributed in part to a lower-than-expected negative provision for loan losses.
Dividends and payout schedule
Sierra Bancorp announced a 4% increase to its regular quarterly cash dividend, raising the payment to $0.26 per share. The company set the dividend payment date for February 17, 2026, to shareholders of record as of February 9, 2026.
Corporate leadership changes
In a related corporate development, Sierra Bancorp disclosed the retirement of Cindy Dabney, who served as Senior Vice President and Chief Accounting Officer, effective January 5, 2026. Christopher Treece, the Executive Vice President and Chief Financial Officer, will assume the responsibilities of Principal Accounting Officer. The company indicated this assignment will not change Treece's current compensation.
Context
These items - the insider transactions, the quarter characterized as "solid overall," the dividend increase, and the accounting leadership transition - were all disclosed by the company or reported by the named analyst firm. Together they reflect a series of financial and governance developments at Sierra Bancorp during the period in question.