Key Points
- Insider sale: Director Kenneth Edward Robison III sold 500 shares on Jan. 27 at an average price of $49.34 for $24,670, trimming his stake by 15.75% to 2,675 shares (≈$131,985).
- Quarterly beat: Plumas Bancorp reported Q results with EPS of $1.56 vs. a $1.37 consensus and revenue of $28.58M vs. $27.39M, with a 26.4% net margin and 16.28% ROE.
- Dividend raised: The company boosted its quarterly dividend to $0.33 from $0.30 (annualized $1.32, ~2.5% yield); the ex-dividend date is Feb. 4 and payment date Feb. 18.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) Director Kenneth Edward Robison III sold 500 shares of Plumas Bancorp stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $49.34, for a total value of $24,670.00. Following the sale, the director directly owned 2,675 shares of the company's stock, valued at approximately $131,984.50. This represents a 15.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Plumas Bancorp Stock Down 0.4%
Shares of NASDAQ:PLBC opened at $52.65 on Wednesday. Plumas Bancorp has a 52-week low of $38.71 and a 52-week high of $54.58. The stock has a market cap of $366.44 million, a price-to-earnings ratio of 11.60 and a beta of 0.62. The business has a 50-day moving average price of $46.85 and a 200-day moving average price of $43.93.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.19. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. The company had revenue of $28.58 million for the quarter, compared to the consensus estimate of $27.39 million. As a group, equities analysts anticipate that Plumas Bancorp will post 4.51 EPS for the current fiscal year.
Plumas Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be given a dividend of $0.33 per share. This is a boost from Plumas Bancorp's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, February 4th. Plumas Bancorp's payout ratio is presently 29.07%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on PLBC shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Plumas Bancorp in a research report on Monday, December 29th. Piper Sandler dropped their target price on Plumas Bancorp from $64.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, October 16th. Finally, Wall Street Zen cut Plumas Bancorp from a "buy" rating to a "hold" rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $55.50.
Get Our Latest Report on Plumas Bancorp
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Plumas Bancorp by 44,800.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the financial services provider's stock worth $39,000 after acquiring an additional 896 shares in the last quarter. CWM LLC raised its holdings in Plumas Bancorp by 408.9% in the 3rd quarter. CWM LLC now owns 1,089 shares of the financial services provider's stock worth $47,000 after purchasing an additional 875 shares during the period. BNP Paribas Financial Markets boosted its position in Plumas Bancorp by 33.1% during the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider's stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Plumas Bancorp by 623.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,410 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Plumas Bancorp in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 41.68% of the company's stock.
About Plumas Bancorp
(
Get Free Report)
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.
Further Reading
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