Key Points
- Director sale: Kenneth Edward Robison III sold 800 shares on Feb. 20 at an average price of $52.76 for $42,208, leaving him with 1,875 shares — a 29.91% decline in his ownership stake.
- Dividend increase: Plumas Bancorp raised its quarterly dividend to $0.33 (paid Feb. 18), an annualized $1.32 representing a 2.6% yield, up from $0.30 and with a payout ratio of about 29.07%.
- Quarterly results: The firm reported EPS of $1.56 (beating estimates by $0.19) and revenue of $28.58M, with a 16.28% return on equity and a 26.4% net margin.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) Director Kenneth Edward Robison III sold 800 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $52.76, for a total transaction of $42,208.00. Following the completion of the sale, the director directly owned 1,875 shares of the company's stock, valued at approximately $98,925. This represents a 29.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kenneth Edward Robison III also recently made the following trade(s):
- On Tuesday, January 27th, Kenneth Edward Robison III sold 500 shares of Plumas Bancorp stock. The shares were sold at an average price of $49.34, for a total transaction of $24,670.00.
Plumas Bancorp Price Performance
Shares of NASDAQ:PLBC opened at $51.65 on Tuesday. The stock has a market cap of $359.48 million, a price-to-earnings ratio of 11.38 and a beta of 0.62. Plumas Bancorp has a 12 month low of $38.71 and a 12 month high of $54.58. The stock's 50 day moving average price is $48.26 and its 200 day moving average price is $44.66.
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 (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.19. Plumas Bancorp had a return on equity of 16.28% and a net margin of 26.40%.The company had revenue of $28.58 million for the quarter, compared to analysts' expectations of $27.39 million. On average, sell-side analysts expect that Plumas Bancorp will post 4.51 EPS for the current year.
Plumas Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.6%. This is a boost from Plumas Bancorp's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 4th. Plumas Bancorp's dividend payout ratio (DPR) is presently 29.07%.
Institutional Trading of Plumas Bancorp
A number of hedge funds have recently bought and sold shares of PLBC. Caldwell Sutter Capital Inc. boosted its holdings in shares of Plumas Bancorp by 13,110.5% in the third quarter. Caldwell Sutter Capital Inc. now owns 105,684 shares of the financial services provider's stock worth $4,559,000 after buying an additional 104,884 shares during the period. Siena Capital Partners GP LLC lifted its position in shares of Plumas Bancorp by 30.5% in the 3rd quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider's stock valued at $12,370,000 after acquiring an additional 66,950 shares in the last quarter. Fourthstone LLC lifted its position in shares of Plumas Bancorp by 125.9% in the 4th quarter. Fourthstone LLC now owns 102,585 shares of the financial services provider's stock valued at $4,585,000 after acquiring an additional 57,167 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Plumas Bancorp by 42.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 62,535 shares of the financial services provider's stock worth $2,698,000 after purchasing an additional 18,595 shares during the period. Finally, Vanguard Group Inc. grew its position in Plumas Bancorp by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider's stock worth $13,221,000 after purchasing an additional 15,080 shares in the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on PLBC. Wall Street Zen cut shares of Plumas Bancorp from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Plumas Bancorp in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $55.50.
Read Our Latest Report on Plumas Bancorp
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.
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