Plumas Bancorp (NASDAQ:PLBC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Plumas Bancorp (NASDAQ:PLBC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.59 and traded as high as $48.97. Plumas Bancorp shares last traded at $47.50, with a volume of 38,032 shares traded.

Analysts Set New Price Targets

PLBC has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Plumas Bancorp in a report on Monday, December 29th. Wall Street Zen lowered Plumas Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $55.50.

Plumas Bancorp Stock Performance

The stock has a market cap of $330.60 million, a PE ratio of 10.46 and a beta of 0.62. The company’s 50-day moving average price is $49.90 and its 200 day moving average price is $45.59.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.19. The company had revenue of $28.58 million during the quarter, compared to analyst estimates of $27.39 million. Plumas Bancorp had a return on equity of 16.28% and a net margin of 26.40%. As a group, equities research analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current fiscal year.

Plumas Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.30. Plumas Bancorp’s dividend payout ratio (DPR) is currently 29.07%.

Insider Buying and Selling at Plumas Bancorp

In related news, Director Kenneth Edward Robison III sold 800 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $52.76, for a total transaction of $42,208.00. Following the completion of the sale, the director directly owned 1,875 shares of the company’s stock, valued at approximately $98,925. This trade represents a 29.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLBC. EverSource Wealth Advisors LLC raised its stake in shares of Plumas Bancorp by 44,800.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 896 shares during the period. Abound Financial LLC purchased a new position in shares of Plumas Bancorp during the 4th quarter worth approximately $43,000. CWM LLC increased its holdings in Plumas Bancorp by 408.9% in the 3rd quarter. CWM LLC now owns 1,089 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 875 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Plumas Bancorp by 33.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 305 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Plumas Bancorp by 623.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,410 shares during the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

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.