Insider Selling: Plumas Bancorp (NASDAQ:PLBC) Director Sells $42,208.00 in Stock

Plumas Bancorp (NASDAQ:PLBC) Director Kenneth Edward Robison III sold 800 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $52.76, for a total transaction of $42,208.00. Following the transaction, the director directly owned 1,875 shares in the company, valued at $98,925. The trade was a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kenneth Edward Robison III also recently made the following trade(s):

• On Tuesday, January 27th, Kenneth Edward Robison III sold 500 shares of Plumas Bancorp stock. The stock was sold at an average price of $49.34, for a total transaction of $24,670.00.

Plumas Bancorp Stock Up 2.1%

Plumas Bancorp stock opened at $52.31 on Thursday. Plumas Bancorp has a 52 week low of $38.71 and a 52 week high of $54.58. The company’s 50 day moving average price is $48.49 and its two-hundred day moving average price is $44.79. The stock has a market cap of $364.08 million, a P/E ratio of 11.52 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.19. The company had revenue of $28.58 million during the quarter, compared to analyst estimates of $27.39 million. Plumas Bancorp had a return on equity of 16.28% and a net margin of 26.40%. On average, equities analysts anticipate that Plumas Bancorp will post 4.51 EPS for the current year.

Plumas Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, February 4th. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.30. Plumas Bancorp’s dividend payout ratio (DPR) is presently 29.07%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Plumas Bancorp

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of Plumas Bancorp by 44,800.0% during the 3rd 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 during the period. Abound Financial LLC acquired a new position in Plumas Bancorp during the fourth quarter worth $43,000. CWM LLC lifted its holdings in Plumas Bancorp by 408.9% during the third quarter. CWM LLC now owns 1,089 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 875 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Plumas Bancorp by 33.1% in the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 305 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Plumas Bancorp by 623.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,410 shares in the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.

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.