Plumas Bancorp $PLBC is Siena Capital Partners GP LLC’s 3rd Largest Position

Siena Capital Partners GP LLC reduced its position in shares of Plumas Bancorp (NASDAQ:PLBC) by 16.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 239,006 shares of the financial services provider’s stock after selling 47,746 shares during the period. Plumas Bancorp makes up about 2.9% of Siena Capital Partners GP LLC’s portfolio, making the stock its 3rd biggest holding. Siena Capital Partners GP LLC’s holdings in Plumas Bancorp were worth $10,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Plumas Bancorp by 12.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,465 shares of the financial services provider’s stock worth $825,000 after buying an additional 2,105 shares during the period. Geode Capital Management LLC boosted its position in shares of Plumas Bancorp by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 151,555 shares of the financial services provider’s stock worth $6,775,000 after buying an additional 9,764 shares during the period. Allworth Financial LP boosted its position in shares of Plumas Bancorp by 9.2% during the fourth quarter. Allworth Financial LP now owns 11,861 shares of the financial services provider’s stock worth $530,000 after buying an additional 998 shares during the period. Caldwell Sutter Capital Inc. boosted its position in shares of 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 period. Finally, Daytona Street Capital LLC purchased a new position in shares of Plumas Bancorp during the fourth quarter worth $547,000. 41.68% of the stock is currently owned by hedge funds and other institutional investors.

Plumas Bancorp Stock Performance

NASDAQ:PLBC opened at $54.18 on Monday. The firm has a market cap of $377.53 million, a PE ratio of 11.48 and a beta of 0.62. The stock has a fifty day moving average price of $51.48 and a 200 day moving average price of $48.94. Plumas Bancorp has a 12-month low of $39.70 and a 12-month high of $54.90. 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 (NASDAQ:PLBC) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The firm had revenue of $28.14 million during the quarter, compared to analyst estimates of $27.24 million. Plumas Bancorp had a return on equity of 15.16% and a net margin of 26.67%. Sell-side analysts anticipate that Plumas Bancorp will post 5.64 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.33 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.4%. Plumas Bancorp’s dividend payout ratio (DPR) is 27.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PLBC shares. Weiss Ratings restated a “buy (b)” rating on shares of Plumas Bancorp in a research report on Monday, April 27th. Stephens lifted their target price on Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Piper Sandler lifted their target price on Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Wall Street Zen upgraded Plumas Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $57.67.

Plumas Bancorp Profile

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.