Plumas Bancorp (NASDAQ:PLBC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Plumas Bancorp (NASDAQ:PLBC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $45.59 and traded as high as $48.97. Plumas Bancorp shares last traded at $47.50, with a volume of 38,032 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLBC shares. Wall Street Zen downgraded shares of Plumas Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plumas Bancorp in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $55.50.

Plumas Bancorp Price Performance

The stock’s 50 day simple moving average is $50.02 and its 200-day simple moving average is $45.63. The company has a market capitalization of $333.04 million, a PE ratio of 10.54 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. The firm had revenue of $20.99 million during the quarter, compared to analysts’ expectations of $27.39 million. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. On average, equities analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.33 per share. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 4th. Plumas Bancorp’s dividend payout ratio is currently 29.07%.

Insider Activity

In related news, Director Kenneth Edward Robison III sold 800 shares of Plumas Bancorp stock in a transaction on Friday, February 20th. The stock was sold at an average price of $52.76, for a total value of $42,208.00. Following the completion of the transaction, the director directly owned 1,875 shares in the company, valued at approximately $98,925. This trade represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Plumas Bancorp

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in shares of Plumas Bancorp by 44,800.0% during the third quarter. EverSource Wealth Advisors LLC now owns 898 shares of the financial services provider’s stock worth $39,000 after buying an additional 896 shares in the last quarter. Abound Financial LLC acquired a new stake in Plumas Bancorp in the fourth quarter valued at approximately $43,000. CWM LLC lifted its stake in Plumas Bancorp by 408.9% in the third quarter. CWM LLC now owns 1,089 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 875 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Plumas Bancorp by 33.1% during the 3rd 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. Finally, Tower Research Capital LLC TRC grew its holdings in Plumas Bancorp by 623.9% during the 2nd 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. Institutional investors and hedge funds 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.