Plumas Bancorp (NASDAQ:PLBC) Announces Quarterly Dividend of $0.33

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Wednesday, February 4th will be paid a dividend of 0.33 per share by the financial services provider on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, February 4th. This is a 10.0% increase from Plumas Bancorp’s previous quarterly dividend of $0.30.

Plumas Bancorp has increased its dividend payment by an average of 0.2%per year 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 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Plumas Bancorp to earn $5.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.7%.

Plumas Bancorp Stock Performance

Shares of NASDAQ:PLBC traded up $0.39 during midday trading on Thursday, reaching $49.99. The company’s stock had a trading volume of 51,774 shares, compared to its average volume of 14,912. Plumas Bancorp has a fifty-two week low of $38.71 and a fifty-two week high of $52.01. The firm has a 50 day moving average price of $44.41 and a two-hundred day moving average price of $43.23. The firm has a market capitalization of $347.93 million, a price-to-earnings ratio of 11.71 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The business had revenue of $28.58 million during the quarter, compared to the consensus estimate of $27.39 million. Plumas Bancorp had a return on equity of 15.30% and a net margin of 25.80%. As a group, research analysts anticipate that Plumas Bancorp will post 4.51 earnings per share for the current year.

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.