Plumas Bancorp (NASDAQ:PLBC) Posts Earnings Results

Plumas Bancorp (NASDAQ:PLBC) released its earnings results on Wednesday. The financial services provider reported $0.74 EPS for the quarter, Bloomberg Earnings reports. Plumas Bancorp had a net margin of 32.49% and a return on equity of 20.37%. The company had revenue of $11.46 million for the quarter.

NASDAQ PLBC traded up $0.23 on Thursday, reaching $26.65. 30 shares of the stock were exchanged, compared to its average volume of 5,111. Plumas Bancorp has a one year low of $19.25 and a one year high of $27.00. The firm has a market capitalization of $135.18 million, a PE ratio of 9.00 and a beta of 0.38. The company’s 50-day simple moving average is $26.20 and its two-hundred day simple moving average is $23.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.13.

In related news, Director Richard Francis Kenny acquired 1,158 shares of Plumas Bancorp stock in a transaction dated Monday, October 21st. The shares were purchased at an average price of $21.60 per share, for a total transaction of $25,012.80. Following the completion of the transaction, the director now directly owns 985 shares in the company, valued at approximately $21,276. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Heidi S. Gansert acquired 1,125 shares of Plumas Bancorp stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price of $22.25 per share, for a total transaction of $25,031.25. The disclosure for this purchase can be found here. 10.40% of the stock is currently owned by company insiders.

Separately, ValuEngine cut shares of Plumas Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st.

Plumas Bancorp Company Profile

Plumas Bancorp operates as the 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 offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits.

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Earnings History for Plumas Bancorp (NASDAQ:PLBC)

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