Plumas Bancorp (NASDAQ:PLBC) Director Purchases $45,670.00 in Stock

Plumas Bancorp (NASDAQ:PLBC) Director Michael Kevin Foster bought 1,000 shares of Plumas Bancorp stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $45.67 per share, for a total transaction of $45,670.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $45,670. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Plumas Bancorp Stock Down 1.6 %

Shares of Plumas Bancorp stock opened at $44.24 on Monday. The firm has a market cap of $260.88 million, a PE ratio of 9.24 and a beta of 0.70. Plumas Bancorp has a 12-month low of $32.50 and a 12-month high of $51.33. The company’s fifty day simple moving average is $46.23 and its two-hundred day simple moving average is $43.88.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. As a group, sell-side analysts expect that Plumas Bancorp will post 4.51 earnings per share for the current fiscal year.

Plumas Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Monday, February 3rd. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. Plumas Bancorp’s dividend payout ratio (DPR) is 25.05%.

Institutional Investors Weigh In On Plumas Bancorp

A number of large investors have recently added to or reduced their stakes in PLBC. Putney Financial Group LLC purchased a new stake in shares of Plumas Bancorp in the 4th quarter worth about $571,000. Deutsche Bank AG lifted its position in shares of Plumas Bancorp by 68.0% in the 4th quarter. Deutsche Bank AG now owns 5,031 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,036 shares during the period. Corton Capital Inc. purchased a new stake in shares of Plumas Bancorp in the 4th quarter worth about $267,000. Citadel Advisors LLC lifted its position in shares of Plumas Bancorp by 64.1% in the 4th quarter. Citadel Advisors LLC now owns 9,187 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 3,587 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Plumas Bancorp by 41.3% in the 4th quarter. Bank of America Corp DE now owns 5,752 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,680 shares during the period. Institutional investors own 41.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PLBC. Stephens began coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They set an “overweight” rating and a $60.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th.

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.