Kevin Craig Kaiser Sells 1,200 Shares of Plumas Bancorp (NASDAQ:PLBC) Stock

Key Points

  • Executive sale: EVP Kevin Craig Kaiser sold 1,200 Plumas Bancorp shares for $73,800, reducing his holdings by 62.53% to 719 shares.
  • Financial performance: Plumas Bancorp reported quarterly EPS of $1.41, beating estimates by $0.04, while revenue of $28.76 million also exceeded expectations.
  • Investor outlook: The company pays a $0.33 quarterly dividend, and analysts maintain a consensus “Buy” rating with an average price target of $66.33.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) EVP Kevin Craig Kaiser sold 1,200 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $61.50, for a total value of $73,800.00. Following the transaction, the executive vice president owned 719 shares in the company, valued at approximately $44,218.50. This trade represents a 62.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Plumas Bancorp Stock Down 0.8%

PLBC stock opened at $61.06 on Thursday. Plumas Bancorp has a fifty-two week low of $39.80 and a fifty-two week high of $64.00. The business has a 50-day moving average of $60.20 and a 200-day moving average of $54.58. The stock has a market capitalization of $424.98 million, a P/E ratio of 12.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.04. The firm had revenue of $28.76 million during the quarter, compared to analysts' expectations of $28.02 million. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. On average, sell-side analysts anticipate that Plumas Bancorp will post 5.71 earnings per share for the current fiscal year.

Plumas Bancorp Announces Dividend




The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Plumas Bancorp's payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PLBC shares. Weiss Ratings raised Plumas Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, August 7th. Piper Sandler upped their price target on shares of Plumas Bancorp from $66.00 to $69.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Raymond James Financial reaffirmed an "outperform" rating and set a $66.00 price target on shares of Plumas Bancorp in a research note on Thursday, July 16th. Stephens lifted their price target on shares of Plumas Bancorp from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Plumas Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $66.33.

Get Our Latest Stock Analysis on Plumas Bancorp

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Plumas Bancorp by 2.0% during the fourth quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider's stock worth $522,000 after purchasing an additional 226 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Plumas Bancorp by 33.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 305 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Plumas Bancorp by 3.5% during the 4th quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider's stock valued at $523,000 after buying an additional 395 shares in the last quarter. Caldwell Sutter Capital Inc. raised its holdings in shares of Plumas Bancorp by 0.6% during the 4th quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider's stock valued at $4,750,000 after buying an additional 599 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Plumas Bancorp by 12.6% in the 1st quarter. Bank of America Corp DE now owns 5,828 shares of the financial services provider's stock worth $285,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company's stock.

Plumas Bancorp Company Profile

(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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