Plumas Bancorp $PLBC Shares Sold by Siena Capital Partners GP LLC

Siena Capital Partners GP LLC lowered its position in shares of Plumas Bancorp (NASDAQ:PLBC) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,006 shares of the financial services provider’s stock after selling 47,746 shares during the quarter. Plumas Bancorp makes up about 2.9% of Siena Capital Partners GP LLC’s holdings, making the stock its 3rd largest holding. Siena Capital Partners GP LLC owned 3.43% of Plumas Bancorp worth $10,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Plumas Bancorp by 5.2% during the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after acquiring an additional 15,080 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Plumas Bancorp by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 180,291 shares of the financial services provider’s stock valued at $8,016,000 after acquiring an additional 6,637 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Plumas Bancorp by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 151,555 shares of the financial services provider’s stock valued at $6,775,000 after acquiring an additional 9,764 shares during the last quarter. Caldwell Sutter Capital Inc. raised its holdings in shares of Plumas Bancorp by 0.6% during the fourth quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock valued at $4,750,000 after acquiring an additional 599 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Plumas Bancorp by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 103,639 shares of the financial services provider’s stock valued at $4,471,000 after acquiring an additional 5,124 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Price Performance

NASDAQ:PLBC opened at $54.18 on Monday. Plumas Bancorp has a one year low of $39.70 and a one year high of $54.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $377.53 million, a PE ratio of 11.48 and a beta of 0.62. The stock has a 50 day moving average price of $51.48 and a 200 day moving average price of $48.94.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. Plumas Bancorp had a return on equity of 15.16% and a net margin of 26.67%.The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.24 million. Equities research analysts expect that Plumas Bancorp will post 5.64 EPS for the current fiscal year.

Plumas Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.32 annualized dividend and a yield of 2.4%. Plumas Bancorp’s dividend payout ratio (DPR) is 27.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLBC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Plumas Bancorp in a report on Monday, April 27th. Stephens increased their price target on Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Piper Sandler increased their price target on Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Wall Street Zen raised Plumas Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $57.67.

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.