SG Americas Securities LLC Makes New Investment in Plumas Bancorp (NASDAQ:PLBC)

SG Americas Securities LLC bought a new position in Plumas Bancorp (NASDAQ:PLBC) during the 4th quarter, HoldingsChannel reports. The firm bought 2,754 shares of the financial services provider’s stock, valued at approximately $114,000.

Several other hedge funds also recently bought and sold shares of PLBC. Royal Bank of Canada raised its holdings in Plumas Bancorp by 183.8% in the second quarter. Royal Bank of Canada now owns 1,141 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 739 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Plumas Bancorp in the third quarter worth $42,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of Plumas Bancorp during the second quarter worth $51,000. Barclays PLC acquired a new stake in shares of Plumas Bancorp during the first quarter worth $61,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Plumas Bancorp during the second quarter worth $65,000. 41.68% of the stock is currently owned by institutional investors and hedge funds.

Plumas Bancorp Trading Up 0.3 %

Shares of PLBC stock opened at $35.35 on Friday. Plumas Bancorp has a 1 year low of $31.77 and a 1 year high of $45.00. The firm’s fifty day moving average price is $35.15 and its two-hundred day moving average price is $36.23. The firm has a market capitalization of $208.21 million, a P/E ratio of 7.06 and a beta of 0.73.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.04. Plumas Bancorp had a net margin of 34.90% and a return on equity of 22.70%. The firm had revenue of $20.01 million for the quarter, compared to analyst estimates of $20.00 million. As a group, equities research analysts forecast that Plumas Bancorp will post 4.8 EPS for the current fiscal year.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, EVP Aaron M. Boigon sold 1,600 shares of Plumas Bancorp stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $36.89, for a total value of $59,024.00. Following the sale, the executive vice president now directly owns 5,600 shares in the company, valued at approximately $206,584. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLBC shares. StockNews.com lowered shares of Plumas Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James raised their price objective on shares of Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 19th.

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.