Plumas Bancorp (NASDAQ:PLBC) Shareholders to Collect $0.33 Quarterly Dividend

Plumas Bancorp (NASDAQ:PLBC – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, November 3rd will be given a dividend of $0.33 per share by the financial services provider on Tuesday, November 17th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 3rd.

Plumas Bancorp has increased its dividend payment by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 1 years. Plumas Bancorp has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Plumas Bancorp to earn $5.90 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 22.4%.

Plumas Bancorp Trading Up 0.7%

NASDAQ:PLBC opened at $63.49 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Plumas Bancorp has a 12 month low of $39.80 and a 12 month high of $64.30. The company has a market cap of $441.89 million, a PE ratio of 12.50 and a beta of 0.59. The company has a 50 day simple moving average of $62.01 and a two-hundred day simple moving average of $57.96.

Plumas Bancorp (NASDAQ:PLBC – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. Plumas Bancorp had a net margin of 31.72% and a return on equity of 15.82%. The firm had revenue of $29.33 million during the quarter, compared to analyst estimates of $29.03 million. Research analysts forecast that Plumas Bancorp will post 5.77 earnings per share for the current year.

Insider Activity

In other news, EVP Kevin Kaiser sold 1,200 shares of the stock in a transaction that occurred on 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 directly owned 719 shares in the company, valued at approximately $44,218.50. This represents a 62.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.40% of the stock is owned by company insiders.

Institutional Trading of Plumas Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in Plumas Bancorp by 3,118.0% in the third quarter. Sterling Capital Management LLC now owns 4,280 shares of the financial services provider’s stock worth $262,000 after buying an additional 4,147 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Plumas Bancorp during the 2nd quarter valued at $226,000. Engineers Gate Manager LP purchased a new position in shares of Plumas Bancorp in the 2nd quarter valued at $228,000. Odyssean LLC purchased a new position in shares of Plumas Bancorp in the 2nd quarter valued at $247,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Plumas Bancorp in the 2nd quarter valued at $299,000. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Company Profile

(Get Free Report)

Plumas Bancorp is the bank holding company for Plumas Bank, a community bank headquartered in Reno, Nevada. Plumas Bank was founded in 1980 in Quincy, California, and serves individuals, families, businesses and organizations through banking offices and digital banking services.

The bank provides a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans, agricultural lending and lines of credit.

See Also

Dividend History for Plumas Bancorp (NASDAQ:PLBC)

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