Raymond James & Associates Lowers Holdings in Plumas Bancorp (NASDAQ:PLBC)

Raymond James & Associates cut its holdings in Plumas Bancorp (NASDAQ:PLBC) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 40,528 shares of the financial services provider’s stock after selling 551 shares during the quarter. Raymond James & Associates’ holdings in Plumas Bancorp were worth $1,676,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PLBC. Bank of New York Mellon Corp lifted its holdings in Plumas Bancorp by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 12,245 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 321 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Plumas Bancorp by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,818 shares of the financial services provider’s stock worth $1,631,000 after purchasing an additional 571 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Plumas Bancorp by 28.1% in the 1st quarter. Vanguard Group Inc. now owns 234,448 shares of the financial services provider’s stock worth $8,933,000 after purchasing an additional 51,497 shares in the last quarter. UBS Group AG lifted its holdings in Plumas Bancorp by 22.0% in the 1st quarter. UBS Group AG now owns 4,393 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 793 shares in the last quarter. Finally, State Street Corp lifted its holdings in Plumas Bancorp by 41.7% in the 1st quarter. State Street Corp now owns 14,145 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 4,160 shares in the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on PLBC shares. StockNews.com cut Plumas Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James upped their price objective on Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 19th.

Plumas Bancorp Price Performance

Shares of PLBC opened at $35.35 on Friday. The stock has a market capitalization of $208.21 million, a price-to-earnings ratio of 7.06 and a beta of 0.73. Plumas Bancorp has a 1 year low of $31.77 and a 1 year high of $45.00. The business’s 50 day simple moving average is $35.15 and its 200-day simple moving average is $36.23.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.04. The business had revenue of $20.01 million for the quarter, compared to analysts’ expectations of $20.00 million. Plumas Bancorp had a return on equity of 22.70% and a net margin of 34.90%. On average, sell-side analysts expect that Plumas Bancorp will post 4.8 earnings per share for the current year.

Insider Transactions at Plumas Bancorp

In other 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 transaction, the executive vice president now owns 5,600 shares of the company’s stock, valued at approximately $206,584. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.00% of the company’s stock.

Plumas Bancorp Profile

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.