Julie G. Castle, who serves on the board of Sierra Bancorp (OTC:BSRR), completed a sale of 250 shares of the bank's common stock on February 13, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at $37.52 each, resulting in a total transaction value of $9,380. After the sale, Castle directly holds 7,806 shares of Sierra Bancorp. The filing also records indirect holdings through the Castle Family Trust, Steven T Castle & Julie G Castle TTEES.
In related corporate developments, Sierra Bancorp released quarterly results described in the filing as solid, which influenced DA Davidson to revise its valuation outlook. The firm raised its price target on Sierra Bancorp from $39 to $44 while keeping a Buy rating in place. That change was tied to an earnings-per-share upside, which the report attributed to a smaller-than-expected negative provision for loan losses.
The company also announced an increase in its regular quarterly cash dividend. The dividend was raised 4 percent, moving from $0.25 per share to $0.26 per share. The dividend is scheduled to be paid on February 17, 2026, to shareholders of record as of February 9, 2026.
This set of disclosures - an insider sale alongside updated analyst guidance and a dividend increase - appears in the company filings and analyst commentary cited in the Form 4 filing. The filing lists Castle's direct and indirect ownership positions, the sale date, price per share, and total transaction value. The analyst action and dividend declaration referenced in the filing summarize recent operational and capital allocation decisions announced by Sierra Bancorp.
Where the filing is silent, it does not provide additional explanation for Castle's decision to sell shares, nor does it extend commentary beyond the quarter cited and the specific dividend payment date and record date. The available documents record the transaction details and the company's most recently announced quarterly dividend and accompanying analyst reaction.