Plumas Bancorp (NASDAQ:PLBC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Plumas Bancorp (NASDAQ:PLBC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.51 and traded as high as $46.31. Plumas Bancorp shares last traded at $45.35, with a volume of 10,267 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stephens started coverage on Plumas Bancorp in a report on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price objective on the stock. Raymond James reaffirmed an “outperform” rating and issued a $54.00 price target (up previously from $49.00) on shares of Plumas Bancorp in a research note on Thursday, January 30th.

Plumas Bancorp Trading Down 3.1 %

The stock has a market capitalization of $267.57 million, a P/E ratio of 9.47 and a beta of 0.70. The firm’s fifty day moving average is $47.06 and its 200-day moving average is $43.51.

Plumas Bancorp (NASDAQ:PLBC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%. Equities research analysts expect that Plumas Bancorp will post 4.55 EPS for the current year.

Plumas Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.30 dividend. The ex-dividend date is Monday, February 3rd. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.65%. Plumas Bancorp’s dividend payout ratio (DPR) is 22.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLBC. SG Americas Securities LLC acquired a new stake in Plumas Bancorp in the 4th quarter valued at about $105,000. BNP Paribas Financial Markets grew its stake in shares of Plumas Bancorp by 533.8% during the third quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 4,938 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Plumas Bancorp by 7.9% in the third quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 457 shares in the last quarter. Barclays PLC raised its position in Plumas Bancorp by 275.4% in the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 5,249 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Plumas Bancorp by 129.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock worth $311,000 after buying an additional 4,305 shares in the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

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.