Plumas Bancorp (NASDAQ:PLBC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Plumas Bancorp (NASDAQ:PLBC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.32 and traded as high as $53.07. Plumas Bancorp shares last traded at $52.69, with a volume of 20,098 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLBC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plumas Bancorp in a report on Monday, December 29th. Wall Street Zen cut Plumas Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Plumas Bancorp presently has an average rating of “Buy” and an average target price of $55.50.

Plumas Bancorp Stock Up 0.3%

The company has a market cap of $366.72 million, a PE ratio of 11.61 and a beta of 0.62. The company’s fifty day moving average is $47.72 and its 200-day moving average is $44.32.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.19. Plumas Bancorp had a return on equity of 16.28% and a net margin of 26.40%.The firm had revenue of $28.58 million for the quarter, compared to analysts’ expectations of $27.39 million. Equities research analysts expect that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.30. Plumas Bancorp’s dividend payout ratio is presently 29.07%.

Institutional Trading of Plumas Bancorp

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Plumas Bancorp by 5.2% in the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock worth $13,221,000 after acquiring an additional 15,080 shares during the period. Siena Capital Partners GP LLC increased its stake in shares of Plumas Bancorp by 30.5% in the 3rd quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock worth $12,370,000 after purchasing an additional 66,950 shares in the last quarter. De Lisle Partners LLP raised its holdings in Plumas Bancorp by 6.4% in the 4th quarter. De Lisle Partners LLP now owns 213,186 shares of the financial services provider’s stock worth $9,519,000 after purchasing an additional 12,831 shares during the period. The Manufacturers Life Insurance Company lifted its position in Plumas Bancorp by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 180,291 shares of the financial services provider’s stock valued at $8,016,000 after purchasing an additional 6,637 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Plumas Bancorp by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 151,555 shares of the financial services provider’s stock valued at $6,775,000 after purchasing an additional 9,764 shares during the period. 41.68% of the stock is currently owned by institutional investors.

Plumas Bancorp Company Profile

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.