Plumas Bancorp (NASDAQ:PLBC) Downgraded by StockNews.com to “Hold”

Plumas Bancorp (NASDAQ:PLBCGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Shares of PLBC traded up $1.37 during mid-day trading on Monday, reaching $31.00. The company had a trading volume of 35,458 shares, compared to its average volume of 16,767. Plumas Bancorp has a twelve month low of $28.20 and a twelve month high of $41.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.84. The company’s 50-day moving average is $35.62 and its 200-day moving average is $36.00. The company has a market capitalization of $181.13 million, a P/E ratio of 8.01 and a beta of 0.61.

Several institutional investors and hedge funds have recently modified their holdings of PLBC. NEXT Financial Group Inc bought a new stake in Plumas Bancorp during the 4th quarter worth approximately $39,000. Royal Bank of Canada grew its position 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 acquiring an additional 1,022 shares during the last quarter. Allworth Financial LP grew its position 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 acquiring an additional 647 shares during the last quarter. UBS Group AG grew its position 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 acquiring an additional 614 shares during the last quarter. Finally, Northern Trust Corp grew its position 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 acquiring an additional 625 shares during the last quarter. 31.02% of the stock is owned by institutional investors and hedge funds.

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.

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