Plumas Bancorp (PLBC) Set to Announce Quarterly Earnings on Wednesday

Plumas Bancorp (NASDAQ:PLBC) is scheduled to be posting its quarterly earnings results on Wednesday, April 17th.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. The company had revenue of $20.01 million for the quarter, compared to the consensus estimate of $20.00 million. Plumas Bancorp had a return on equity of 22.70% and a net margin of 34.90%. On average, analysts expect Plumas Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Plumas Bancorp Trading Down 0.5 %

NASDAQ:PLBC opened at $34.92 on Tuesday. The company has a market capitalization of $205.82 million, a P/E ratio of 6.97 and a beta of 0.73. Plumas Bancorp has a 12 month low of $31.77 and a 12 month high of $45.00. The business’s 50-day moving average is $35.21 and its 200 day moving average is $36.23.

Plumas Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were given a $0.27 dividend. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, January 31st. Plumas Bancorp’s payout ratio is currently 21.56%.

Analyst Upgrades and Downgrades

Separately, Raymond James boosted their price objective on Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th.

Insiders Place Their Bets

In other Plumas Bancorp news, EVP Aaron M. Boigon sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $36.89, for a total transaction of $59,024.00. Following the sale, the executive vice president now directly owns 5,600 shares of the company’s stock, valued at $206,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLBC. BlackRock Inc. grew its stake in shares of Plumas Bancorp by 1,113.7% during the second quarter. BlackRock Inc. now owns 268,637 shares of the financial services provider’s stock valued at $9,588,000 after buying an additional 246,504 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Plumas Bancorp by 115.8% in the second quarter. Geode Capital Management LLC now owns 99,870 shares of the financial services provider’s stock valued at $3,564,000 after purchasing an additional 53,583 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Plumas Bancorp by 28.1% in the first quarter. Vanguard Group Inc. now owns 234,448 shares of the financial services provider’s stock valued at $8,933,000 after purchasing an additional 51,497 shares during the period. State Street Corp boosted its holdings in shares of Plumas Bancorp by 253.3% in the second quarter. State Street Corp now owns 60,925 shares of the financial services provider’s stock valued at $2,174,000 after purchasing an additional 43,680 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Plumas Bancorp by 382.9% in the second quarter. Northern Trust Corp now owns 43,344 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 34,369 shares during the period. Institutional investors own 41.68% of the company’s stock.

About Plumas Bancorp

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.