Plumas Bancorp (NASDAQ:PLBC – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04, FiscalAI reports. The firm had revenue of $28.76 million during the quarter, compared to the consensus estimate of $28.02 million. Plumas Bancorp had a return on equity of 15.16% and a net margin of 26.67%.
Plumas Bancorp Stock Up 3.3%
Shares of Plumas Bancorp stock opened at $60.26 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Plumas Bancorp has a 12-month low of $39.70 and a 12-month high of $60.64. The company has a market cap of $420.01 million, a P/E ratio of 12.77 and a beta of 0.59. The company’s fifty day simple moving average is $55.15 and its two-hundred day simple moving average is $51.53.
Hedge Funds Weigh In On Plumas Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of PLBC. Quadrature Capital Ltd bought a new position in Plumas Bancorp in the fourth quarter worth about $415,000. Man Group plc grew its holdings in shares of Plumas Bancorp by 24.3% during the 4th quarter. Man Group plc now owns 17,459 shares of the financial services provider’s stock worth $780,000 after acquiring an additional 3,416 shares during the period. AQR Capital Management LLC boosted its position in shares of Plumas Bancorp by 2.0% during the fourth quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 226 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Plumas Bancorp by 42.3% during the fourth quarter. Squarepoint Ops LLC now owns 13,064 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 3,883 shares in the last quarter. Finally, Barclays PLC grew its stake in Plumas Bancorp by 17.4% in the fourth quarter. Barclays PLC now owns 11,116 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 1,651 shares during the period. Hedge funds and other institutional investors own 41.68% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on Plumas Bancorp
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.
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