Plumas Bancorp (NASDAQ:PLBC) Plans Quarterly Dividend of $0.33

Plumas Bancorp (NASDAQ:PLBC) declared a quarterly dividend on Wednesday, April 15th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.33 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, May 1st.

Plumas Bancorp has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 1 years. Plumas Bancorp has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Plumas Bancorp to earn $5.53 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 23.9%.

Plumas Bancorp Stock Performance

Shares of NASDAQ:PLBC opened at $51.71 on Friday. The company has a market cap of $360.68 million, a price-to-earnings ratio of 10.96 and a beta of 0.59. The company has a 50-day moving average price of $50.49 and a 200-day moving average price of $46.40. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. Plumas Bancorp has a 12 month low of $39.70 and a 12 month high of $54.58.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. The firm had revenue of $28.14 million during the quarter, compared to the consensus estimate of $27.24 million. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.68%. As a group, equities analysts anticipate that Plumas Bancorp will post 4.51 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLBC. Stephens upped their price objective on shares of Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler lifted their target price on shares of Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Plumas Bancorp in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Plumas Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $57.67.

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.