Plumas Bancorp (NASDAQ:PLBC – Get Free Report) EVP Kevin Craig Kaiser sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $61.50, for a total transaction of $73,800.00. Following the completion of the transaction, the executive vice president owned 719 shares of the company’s stock, valued at approximately $44,218.50. This trade represents a 62.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Plumas Bancorp Trading Down 0.8%
Shares of PLBC stock opened at $61.06 on Thursday. Plumas Bancorp has a 1 year low of $39.80 and a 1 year high of $64.00. The firm has a market capitalization of $424.98 million, a PE ratio of 12.02 and a beta of 0.60. The stock has a fifty day moving average of $60.20 and a two-hundred day moving average of $54.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86.
Plumas Bancorp (NASDAQ:PLBC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $28.76 million for the quarter, compared to analysts’ expectations of $28.02 million. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. As a group, research analysts expect that Plumas Bancorp will post 5.71 EPS for the current year.
Plumas Bancorp Dividend Announcement
Analysts Set New Price Targets
Several equities analysts have recently issued reports on PLBC shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Plumas Bancorp in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Stephens boosted their price target on shares of Plumas Bancorp from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Piper Sandler upped their price target on shares of Plumas Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.33.
Check Out Our Latest Report on Plumas Bancorp
Hedge Funds Weigh In On Plumas Bancorp
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Plumas Bancorp in the second quarter worth about $26,754,000. Vanguard Group Inc. raised its holdings in shares of Plumas Bancorp by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock worth $13,221,000 after buying an additional 15,080 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Plumas Bancorp by 19.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 235,916 shares of the financial services provider’s stock worth $11,517,000 after buying an additional 39,176 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Plumas Bancorp during the 2nd quarter worth approximately $13,704,000. Finally, De Lisle Partners LLP acquired a new stake in Plumas Bancorp in the 2nd quarter valued at $13,318,000. 41.68% of the stock is currently owned by institutional investors and hedge funds.
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.
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