Plumas Bancorp (NASDAQ:PLBC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Plumas Bancorp (NASDAQ:PLBC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $53.71 and traded as high as $62.29. Plumas Bancorp shares last traded at $62.19, with a volume of 28,754 shares trading hands.

Analyst Upgrades and Downgrades

PLBC has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Plumas Bancorp in a research report on Thursday, July 16th. Stephens raised their target price on Plumas Bancorp from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Piper Sandler upped their target price on shares of Plumas Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.33.

Plumas Bancorp Price Performance

The firm has a fifty day moving average price of $58.84 and a two-hundred day moving average price of $53.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $442.45 million, a P/E ratio of 12.51 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $28.76 million during the quarter, compared to analysts’ expectations of $28.02 million. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. On average, analysts expect that Plumas Bancorp will post 5.71 EPS for the current year.

Plumas Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. Plumas Bancorp’s payout ratio is 25.98%.

Hedge Funds Weigh In On Plumas Bancorp

A number of hedge funds have recently made changes to their positions in the business. De Lisle Partners LLP bought a new position in shares of Plumas Bancorp during the second quarter worth $13,318,000. Allworth Financial LP bought a new position in Plumas Bancorp during the second quarter valued at $697,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Plumas Bancorp during the 2nd quarter valued at about $234,000. BlackRock Inc. bought a new position in shares of Plumas Bancorp in the 2nd quarter valued at about $26,754,000. Finally, Deutsche Bank AG purchased a new position in Plumas Bancorp in the second quarter worth about $376,000. Institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Company Profile

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.