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

Shares of Plumas Bancorp (NASDAQ:PLBC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.37 and traded as high as $50.80. Plumas Bancorp shares last traded at $49.90, with a volume of 66,853 shares trading hands.

Analysts Set New Price Targets

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

Plumas Bancorp Stock Up 0.1%

The firm has a market capitalization of $347.30 million, a price-to-earnings ratio of 10.99 and a beta of 0.62. The business’s fifty day moving average is $49.41 and its 200 day moving average is $45.37.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during 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 year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 4th. Plumas Bancorp’s dividend payout ratio is 29.07%.

Insider Activity at Plumas Bancorp

In related news, Director Kenneth Edward Robison III sold 800 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $52.76, for a total value of $42,208.00. Following the completion of the transaction, the director owned 1,875 shares of the company’s stock, valued at approximately $98,925. This trade represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Plumas Bancorp

Several hedge funds have recently modified their holdings of PLBC. Vanguard Group Inc. increased its position in shares of Plumas Bancorp by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock worth $13,221,000 after purchasing an additional 15,080 shares during the last quarter. Siena Capital Partners GP LLC grew its stake in shares of Plumas Bancorp by 30.5% in the third quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock valued at $12,370,000 after buying an additional 66,950 shares in the last quarter. De Lisle Partners LLP increased its holdings in Plumas Bancorp by 6.4% during the fourth quarter. De Lisle Partners LLP now owns 213,186 shares of the financial services provider’s stock worth $9,519,000 after buying an additional 12,831 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 worth $8,016,000 after acquiring an additional 6,637 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $6,775,000 after acquiring an additional 9,764 shares in the last quarter. Institutional investors own 41.68% of the company’s stock.

About Plumas Bancorp

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.