Plumas Bancorp (NASDAQ:PLBC) Stock Passes Above 200-Day Moving Average – Here’s Why

Plumas Bancorp (NASDAQ:PLBC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.17 and traded as high as $51.35. Plumas Bancorp shares last traded at $51.07, with a volume of 20,526 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Plumas Bancorp in a research report on Monday, April 27th. Wall Street Zen lowered Plumas Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Stephens increased their price objective on Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Piper Sandler increased their price objective on Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $57.67.

Plumas Bancorp Stock Up 1.1%

The business has a fifty day moving average price of $50.27 and a two-hundred day moving average price of $47.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $355.96 million, a price-to-earnings ratio of 10.82 and a beta of 0.61.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The business had revenue of $28.14 million for the quarter, compared to analyst estimates of $27.24 million. Plumas Bancorp had a return on equity of 15.68% and a net margin of 26.67%. On average, equities analysts expect that Plumas Bancorp will post 5.64 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. Plumas Bancorp’s dividend payout ratio is currently 27.97%.

Insider Activity at Plumas Bancorp

In other news, Director Kenneth Edward Robison III sold 800 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $52.76, for a total value of $42,208.00. Following the sale, the director owned 1,875 shares in the company, valued at $98,925. This represents a 29.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.40% of the stock is owned by insiders.

Institutional Trading of Plumas Bancorp

A number of hedge funds have recently modified their holdings of PLBC. Caldwell Sutter Capital Inc. boosted its stake in shares of Plumas Bancorp by 13,110.5% in the third quarter. Caldwell Sutter Capital Inc. now owns 105,684 shares of the financial services provider’s stock worth $4,559,000 after buying an additional 104,884 shares during the last quarter. Siena Capital Partners GP LLC grew its position in Plumas Bancorp by 30.5% during the third quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock valued at $12,370,000 after buying an additional 66,950 shares during the period. Fourthstone LLC grew its position in Plumas Bancorp by 125.9% during the fourth quarter. Fourthstone LLC now owns 102,585 shares of the financial services provider’s stock valued at $4,585,000 after buying an additional 57,167 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in Plumas Bancorp by 42.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 62,535 shares of the financial services provider’s stock valued at $2,698,000 after buying an additional 18,595 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Plumas Bancorp by 5.2% in the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after buying an additional 15,080 shares in the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

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.