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

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Wednesday, February 4th will be given a dividend of 0.33 per share by the financial services provider on Wednesday, February 18th. This represents a c) annualized dividend and a dividend 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 by an average of 0.2%annually 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. Equities 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 Price Performance

Shares of PLBC stock traded up $0.39 on Thursday, hitting $49.99. The stock had a trading volume of 51,774 shares, compared to its average volume of 14,912. The business has a 50 day moving average of $44.41 and a 200 day moving average of $43.23. Plumas Bancorp has a 12-month low of $38.71 and a 12-month high of $52.01. The stock has a market cap 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 quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share (EPS) 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 net margin of 25.80% and a return on equity of 15.30%. As a group, research analysts expect that Plumas Bancorp will post 4.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Plumas Bancorp

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Plumas Bancorp by 5.2% in the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after purchasing an additional 15,080 shares during the last quarter. Siena Capital Partners GP LLC increased its position in Plumas Bancorp by 30.5% in the third quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock worth $12,370,000 after buying an additional 66,950 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Plumas Bancorp by 3.8% in 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 buying an additional 6,637 shares during the period. De Lisle Partners LLP raised its stake in shares of Plumas Bancorp by 1.2% in the second quarter. De Lisle Partners LLP now owns 166,818 shares of the financial services provider’s stock valued at $7,429,000 after buying an additional 2,000 shares during the period. Finally, Caldwell Sutter Capital Inc. lifted its position in shares of Plumas Bancorp by 13,110.5% during the 3rd quarter. Caldwell Sutter Capital Inc. now owns 105,684 shares of the financial services provider’s stock valued at $4,559,000 after buying an additional 104,884 shares during the last quarter. Institutional investors own 41.68% of the company’s stock.

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.