Rice Hall James & Associates LLC bought a new stake in shares of Plumas Bancorp (NASDAQ:PLBC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 42,412 shares of the financial services provider’s stock, valued at approximately $2,479,000. Rice Hall James & Associates LLC owned about 0.61% of Plumas Bancorp at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of Plumas Bancorp during the 1st quarter valued at $40,000. Abound Financial LLC bought a new stake in shares of Plumas Bancorp during the 4th quarter worth $43,000. BNP Paribas Financial Markets grew its position in Plumas Bancorp by 33.1% in the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 305 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Plumas Bancorp by 623.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,410 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Plumas Bancorp in the first quarter valued at $78,000. Hedge funds and other institutional investors own 41.68% of the company’s stock.
Plumas Bancorp Price Performance
Shares of NASDAQ:PLBC opened at $61.94 on Wednesday. The stock has a market cap of $431.10 million, a PE ratio of 12.19 and a beta of 0.59. The company’s fifty day moving average is $59.50 and its 200 day moving average is $54.17. Plumas Bancorp has a 52 week low of $39.80 and a 52 week high of $64.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06.
Plumas Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 3rd. Plumas Bancorp’s payout ratio is 25.98%.
Wall Street Analyst Weigh In
PLBC has been the topic of a number of research reports. Raymond James Financial restated an “outperform” rating and set a $66.00 price target on shares of Plumas Bancorp in a research report on Thursday, July 16th. Weiss Ratings upgraded Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Piper Sandler increased their price objective on Plumas Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised Plumas Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Stephens boosted their target price on Plumas Bancorp from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $66.33.
Check Out 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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