Plumas Bancorp (NASDAQ:PLBC) Short Interest Down 20.9% in May

Plumas Bancorp (NASDAQ:PLBCGet Free Report) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 10,200 shares, a drop of 20.9% from the May 15th total of 12,900 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Plumas Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 9th.

Check Out Our Latest Research Report on PLBC

Insider Buying and Selling at Plumas Bancorp

In other news, Director Sushil Amathalal Patel acquired 1,374 shares of the company’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of $35.63 per share, with a total value of $48,955.62. Following the completion of the acquisition, the director now owns 1,374 shares in the company, valued at approximately $48,955.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sushil Amathalal Patel acquired 1,374 shares of the company’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of $35.63 per share, with a total value of $48,955.62. Following the completion of the acquisition, the director now owns 1,374 shares in the company, valued at approximately $48,955.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bj North sold 1,136 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.02, for a total value of $39,782.72. Following the transaction, the executive vice president now directly owns 2,496 shares in the company, valued at approximately $87,409.92. The disclosure for this sale can be found here. 9.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Plumas Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Albert D Mason Inc. boosted its holdings in Plumas Bancorp by 5.9% in the 1st quarter. Albert D Mason Inc. now owns 7,020 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Plumas Bancorp by 15.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 433 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Plumas Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock valued at $10,310,000 after purchasing an additional 1,862 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Plumas Bancorp in the 4th quarter valued at approximately $114,000. Finally, BNP Paribas Financial Markets boosted its holdings in Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 2,856 shares in the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Trading Up 0.3 %

Shares of NASDAQ PLBC traded up $0.12 during midday trading on Friday, reaching $35.18. 5,666 shares of the company were exchanged, compared to its average volume of 4,384. Plumas Bancorp has a 1 year low of $32.12 and a 1 year high of $45.00. The stock has a fifty day simple moving average of $35.25 and a 200 day simple moving average of $36.54. The stock has a market cap of $207.42 million, a P/E ratio of 7.36 and a beta of 0.69.

Plumas Bancorp (NASDAQ:PLBCGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.14). Plumas Bancorp had a return on equity of 20.39% and a net margin of 33.12%. The company had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $19.90 million. As a group, analysts forecast that Plumas Bancorp will post 4.35 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, April 30th. Plumas Bancorp’s dividend payout ratio is presently 22.59%.

Plumas Bancorp Company Profile

(Get Free Report)

Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts.

Further Reading

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