Insider Buying: Plumas Bancorp (NASDAQ:PLBC) Director Acquires 366 Shares of Stock

Plumas Bancorp (NASDAQ:PLBC – Get Rating) Director Michonne R. Ascuaga purchased 366 shares of Plumas Bancorp stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average cost of $36.79 per share, with a total value of $13,465.14. Following the acquisition, the director now directly owns 4,786 shares in the company, valued at approximately $176,076.94. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ PLBC opened at $34.05 on Friday. The stock has a market capitalization of $198.51 million, a price-to-earnings ratio of 8.80 and a beta of 0.61. Plumas Bancorp has a twelve month low of $26.70 and a twelve month high of $41.30. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $36.98 and a 200 day moving average of $36.36.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.64 annualized dividend and a yield of 1.88%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 16.54%.

Large investors have recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new stake in Plumas Bancorp during the 4th quarter worth approximately $39,000. Royal Bank of Canada increased its stake in Plumas Bancorp by 35.2% during the 2nd quarter. Royal Bank of Canada now owns 3,929 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,022 shares in the last quarter. Allworth Financial LP increased its stake in Plumas Bancorp by 19.3% during the 4th quarter. Allworth Financial LP now owns 3,996 shares of the financial services provider’s stock worth $135,000 after buying an additional 647 shares in the last quarter. UBS Group AG increased its stake in Plumas Bancorp by 16.3% during the 3rd quarter. UBS Group AG now owns 4,373 shares of the financial services provider’s stock worth $138,000 after buying an additional 614 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Plumas Bancorp by 7.5% during the 4th quarter. Northern Trust Corp now owns 8,935 shares of the financial services provider’s stock worth $302,000 after buying an additional 625 shares in the last quarter. Institutional investors own 31.02% of the company’s stock.

Separately, StockNews.com cut Plumas Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, March 26th.

Plumas Bancorp Company Profile (Get Rating)

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.

Read More