Plumas Bancorp (NASDAQ:PLBC) Announces Quarterly Earnings Results

Plumas Bancorp (NASDAQ:PLBC) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.

Plumas Bancorp Stock Up 1.2 %

Plumas Bancorp stock traded up $0.52 during mid-day trading on Wednesday, reaching $45.25. 1,697 shares of the company’s stock were exchanged, compared to its average volume of 9,482. Plumas Bancorp has a one year low of $32.50 and a one year high of $51.33. The firm has a market capitalization of $266.84 million, a PE ratio of 9.49 and a beta of 0.71. The business’s fifty day simple moving average is $47.10 and its 200 day simple moving average is $42.44.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLBC shares. Stephens assumed coverage on Plumas Bancorp in a research note on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price target on the stock. Raymond James upped 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.

Insider Transactions at Plumas Bancorp

In related news, EVP Bj North sold 2,496 shares of Plumas Bancorp stock in a transaction that occurred on Tuesday, October 22nd. The shares were 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. Company insiders own 9.00% 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.