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

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 3rd will be given a dividend of 0.33 per share by the financial services provider on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd.

Plumas Bancorp has raised 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 payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Plumas Bancorp to earn $5.85 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 22.6%.

Plumas Bancorp Stock Up 2.9%

NASDAQ PLBC traded up $1.72 during trading on Thursday, hitting $61.96. The company’s stock had a trading volume of 84,932 shares, compared to its average volume of 47,511. Plumas Bancorp has a fifty-two week low of $39.70 and a fifty-two week high of $63.74. The company has a market cap of $431.86 million, a PE ratio of 13.13 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day simple moving average is $55.15 and its 200-day simple moving average is $51.53.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $28.76 million during the quarter, compared to analyst estimates of $28.02 million. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. On average, equities analysts anticipate that Plumas Bancorp will post 5.64 EPS for the current fiscal 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.