Plumas Bancorp (NASDAQ:PLBC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Plumas Bancorp (NASDAQ:PLBC) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research analysts have also commented on PLBC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Plumas Bancorp in a research report on Monday, April 27th. Stephens upped their price objective on shares of Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Piper Sandler upped their price objective on shares of Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $57.67.

Plumas Bancorp Stock Up 0.1%

Plumas Bancorp stock opened at $52.03 on Friday. The firm has a market cap of $362.65 million, a price-to-earnings ratio of 11.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. Plumas Bancorp has a fifty-two week low of $39.70 and a fifty-two week high of $54.58. The firm has a fifty day moving average price of $50.29 and a two-hundred day moving average price of $47.31.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The business had revenue of $28.14 million during the quarter, compared to analyst estimates of $27.24 million. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. As a group, analysts forecast that Plumas Bancorp will post 5.64 earnings per share for the current year.

Plumas Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, May 1st. Plumas Bancorp’s dividend payout ratio is 27.97%.

Insiders Place Their Bets

In other Plumas Bancorp news, Director Kenneth Edward Robison III sold 800 shares of the company’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 sale, the director directly owned 1,875 shares of the company’s stock, valued at approximately $98,925. This represents a 29.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.40% of the company’s stock.

Institutional Trading of Plumas Bancorp

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Plumas Bancorp by 2.0% during the fourth quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider’s stock worth $522,000 after buying an additional 226 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Plumas Bancorp by 33.1% during the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock worth $53,000 after buying an additional 305 shares during the last quarter. Renaissance Technologies LLC grew its stake in Plumas Bancorp by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider’s stock worth $523,000 after buying an additional 395 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Plumas Bancorp by 3.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,674 shares of the financial services provider’s stock worth $576,000 after buying an additional 459 shares during the last quarter. Finally, Caldwell Sutter Capital Inc. grew its stake in Plumas Bancorp by 0.6% during the fourth quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock worth $4,750,000 after buying an additional 599 shares during the last quarter. 41.68% of the stock is owned by institutional investors.

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.