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

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Monday, August 3rd will be paid 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 dividend yield of 2.1%. The ex-dividend date is Monday, August 3rd.

Plumas Bancorp has increased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Plumas Bancorp has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 2.9%

NASDAQ PLBC opened at $61.96 on Friday. The company has a market cap of $431.86 million, a PE ratio of 12.20 and a beta of 0.59. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Plumas Bancorp has a 12 month low of $39.70 and a 12 month high of $63.74. The stock has a 50 day moving average of $55.35 and a 200-day moving average of $51.64.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.63%. The business had revenue of $28.76 million for the quarter, compared to the consensus estimate of $28.02 million. On average, equities research analysts anticipate that Plumas Bancorp will post 5.64 EPS for the current fiscal year.

Institutional Trading of Plumas Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in shares of Plumas Bancorp during the 1st quarter worth approximately $40,000. Abound Financial LLC bought a new position in shares of Plumas Bancorp during the fourth quarter worth approximately $43,000. BNP Paribas Financial Markets raised 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 buying an additional 305 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Plumas Bancorp by 623.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,410 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Plumas Bancorp in the first quarter valued at approximately $78,000. Institutional investors and hedge funds 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.