De Lisle Partners LLP Acquires 57,051 Shares of Plumas Bancorp (NASDAQ:PLBC)

De Lisle Partners LLP raised its holdings in shares of Plumas Bancorp (NASDAQ:PLBC) by 61.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,779 shares of the financial services provider’s stock after purchasing an additional 57,051 shares during the quarter. Plumas Bancorp accounts for about 1.0% of De Lisle Partners LLP’s portfolio, making the stock its 24th largest position. De Lisle Partners LLP owned about 2.54% of Plumas Bancorp worth $6,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Plumas Bancorp by 533.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 4,938 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Plumas Bancorp by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider’s stock valued at $6,954,000 after purchasing an additional 9,328 shares during the period. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of Plumas Bancorp in the 2nd quarter valued at approximately $1,247,000. Dimensional Fund Advisors LP boosted its holdings in shares of Plumas Bancorp by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 4,838 shares during the period. Finally, Rhumbline Advisers boosted its stake in Plumas Bancorp by 4.9% during the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after buying an additional 290 shares during the period. 41.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PLBC has been the subject of several analyst reports. Raymond James raised their target price on shares of Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Stephens began coverage on shares of Plumas Bancorp in a research note on Wednesday. They issued an “overweight” rating and a $60.00 price objective for the company.

Plumas Bancorp Stock Up 3.0 %

PLBC stock opened at $49.46 on Thursday. The firm has a market cap of $291.81 million, a price-to-earnings ratio of 10.37 and a beta of 0.67. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $49.74. The business’s fifty day simple moving average is $42.84 and its two-hundred day simple moving average is $39.37.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. The company had revenue of $24.10 million during the quarter, compared to analyst estimates of $20.60 million. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. Research analysts expect that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.27 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.08 annualized dividend and a yield of 2.18%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 22.64%.

About Plumas Bancorp

Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts.