Plumas Bancorp (NASDAQ:PLBC) EVP Bj North Sells 2,496 Shares

Plumas Bancorp (NASDAQ:PLBC) EVP Bj North sold 2,496 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Plumas Bancorp Price Performance

PLBC traded down $0.46 during trading on Tuesday, reaching $42.50. 23,647 shares of the stock were exchanged, compared to its average volume of 9,071. The business’s 50 day moving average price is $40.22 and its two-hundred day moving average price is $37.65. The company has a market capitalization of $250.75 million, a price-to-earnings ratio of 8.97 and a beta of 0.68. Plumas Bancorp has a 1 year low of $32.50 and a 1 year high of $45.00.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.97% and a net margin of 31.02%. The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $20.60 million. On average, analysts anticipate that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.54%. Plumas Bancorp’s dividend payout ratio (DPR) is 22.64%.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd.

Hedge Funds Weigh In On Plumas Bancorp

A number of institutional investors have recently made changes to their positions in PLBC. Elizabeth Park Capital Advisors Ltd. acquired a new position in Plumas Bancorp in the second quarter valued at $1,247,000. Dimensional Fund Advisors LP increased its stake in Plumas Bancorp by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock valued at $2,847,000 after purchasing an additional 4,838 shares during the last quarter. Rhumbline Advisers increased its stake in Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 290 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Plumas Bancorp by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Plumas Bancorp in the first quarter valued at $589,000. 41.68% of the stock is owned by institutional investors and hedge funds.

Plumas Bancorp Company Profile

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.