Plumas Bancorp (NASDAQ:PLBC) Director Richard Francis Kenny Sells 300 Shares

Plumas Bancorp (NASDAQ:PLBC) Director Richard Francis Kenny sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $47.00, for a total transaction of $14,100.00. Following the completion of the sale, the director now directly owns 9,507 shares in the company, valued at $446,829. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Plumas Bancorp Stock Performance

Shares of Plumas Bancorp stock opened at $47.06 on Wednesday. Plumas Bancorp has a one year low of $32.50 and a one year high of $47.56. The firm has a fifty day moving average of $41.92 and a two-hundred day moving average of $38.81. The company has a market cap of $277.65 million, a P/E ratio of 9.87 and a beta of 0.67.

Plumas Bancorp (NASDAQ:PLBC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $20.60 million. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. As a group, equities analysts predict that Plumas Bancorp will post 4.66 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.29%. Plumas Bancorp’s payout ratio is 22.64%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Plumas Bancorp

A number of hedge funds have recently made changes to their positions in PLBC. Rhumbline Advisers raised its stake in shares of Plumas Bancorp by 4.9% during 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 period. BNP Paribas Financial Markets boosted its holdings in Plumas Bancorp by 533.8% in 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 raised its position in shares of Plumas Bancorp by 7.9% in the 3rd 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 increased its stake in shares of Plumas Bancorp by 275.4% in the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock worth $292,000 after buying an additional 5,249 shares during the last quarter. Finally, Fourthstone LLC bought a new position in Plumas Bancorp during the 3rd quarter valued at $521,000. Hedge funds and other institutional investors 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.