Plumas Bancorp (NASDAQ:PLBC – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15, FiscalAI reports. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. The firm had revenue of $29.33 million for the quarter, compared to analyst estimates of $29.03 million.
Plumas Bancorp Stock Performance
Plumas Bancorp stock opened at $62.53 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $435.15 million, a PE ratio of 12.31 and a beta of 0.59. Plumas Bancorp has a 12-month low of $39.80 and a 12-month high of $64.00. The business’s 50-day moving average price is $62.01 and its two-hundred day moving average price is $57.76.
Analysts Set New Price Targets
PLBC has been the subject of several analyst reports. Raymond James Financial upgraded shares of Plumas Bancorp to a “moderate buy” rating in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Plumas Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Piper Sandler lifted their price objective on shares of Plumas Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Stephens lifted their price objective on shares of Plumas Bancorp from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen downgraded shares of Plumas Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $66.33.
Check Out Our Latest Stock Report on PLBC
Insider Buying and Selling at Plumas Bancorp
In related news, EVP Kevin Kaiser sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were 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 directly owned 719 shares in the company, valued at $44,218.50. This represents a 62.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.40% of the company’s stock.
About Plumas Bancorp
Plumas Bancorp is the bank holding company for Plumas Bank, a community banking institution serving businesses, individuals and organizations in Northern California and Northwestern Nevada. The company is headquartered in Reno, Nevada, and operates through a network of branches and other banking offices in the region.
Plumas Bank provides a range of deposit and lending products, including checking and savings accounts, certificates of deposit, commercial and small-business loans, agricultural financing, residential real estate loans and consumer credit.
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