Plumas Bancorp (NASDAQ:PLBC) Director Buys $24,087.50 in Stock

Plumas Bancorp (NASDAQ:PLBC) Director Michael Kevin Foster acquired 470 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $51.25 per share, with a total value of $24,087.50. Following the completion of the transaction, the director owned 3,450 shares of the company’s stock, valued at $176,812.50. The trade was a 15.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Plumas Bancorp Trading Up 0.2%

Plumas Bancorp stock traded up $0.11 during midday trading on Tuesday, hitting $51.36. 12,038 shares of the stock were exchanged, compared to its average volume of 37,177. Plumas Bancorp has a fifty-two week low of $39.70 and a fifty-two week high of $54.58. The stock has a market capitalization of $357.97 million, a price-to-earnings ratio of 10.88 and a beta of 0.61. The stock’s 50-day simple moving average is $50.26 and its 200 day simple moving average is $47.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.07. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.24 million. On average, equities analysts anticipate that Plumas Bancorp will post 5.64 EPS for the current year.

Plumas Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.33 per share. The ex-dividend date is Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 27.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of Plumas Bancorp by 2.0% in the fourth quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 226 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Plumas Bancorp by 33.1% in the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 305 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Plumas Bancorp by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 395 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Plumas Bancorp by 3.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,674 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 459 shares during the period. Finally, Caldwell Sutter Capital Inc. boosted its stake in shares of Plumas Bancorp by 0.6% in the fourth quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock valued at $4,750,000 after purchasing an additional 599 shares during the period. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Plumas Bancorp in a research report on Monday, April 27th. Stephens lifted their price target on shares of Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Piper Sandler lifted their price target on shares of Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $57.67.

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.