Plumas Bancorp to Issue Quarterly Dividend of $0.27 (NASDAQ:PLBC)

Plumas Bancorp (NASDAQ:PLBC) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Stockholders of record on Thursday, August 1st will be given a dividend of 0.27 per share by the financial services provider on Thursday, August 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, August 1st.

Plumas Bancorp has increased its dividend payment by an average of 40.6% annually over the last three years. Plumas Bancorp has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Plumas Bancorp to earn $4.30 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 25.1%.

Plumas Bancorp Price Performance

PLBC stock opened at $42.70 on Wednesday. The company has a 50 day moving average price of $36.34 and a 200 day moving average price of $35.95. Plumas Bancorp has a fifty-two week low of $32.12 and a fifty-two week high of $45.00. The stock has a market capitalization of $251.93 million, a PE ratio of 8.93 and a beta of 0.71.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Plumas Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

Insider Buying and Selling

In other Plumas Bancorp news, EVP Bj North sold 1,136 shares of Plumas Bancorp stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.02, for a total transaction of $39,782.72. Following the completion of the sale, the executive vice president now owns 2,496 shares of the company’s stock, valued at approximately $87,409.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sushil Amathalal Patel purchased 1,374 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $35.63 per share, with a total value of $48,955.62. Following the acquisition, the director now directly owns 1,374 shares of the company’s stock, valued at $48,955.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bj North sold 1,136 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.02, for a total transaction of $39,782.72. Following the completion of the transaction, the executive vice president now directly owns 2,496 shares of the company’s stock, valued at approximately $87,409.92. The disclosure for this sale can be found here. 9.00% of the stock is currently owned by corporate insiders.

Plumas Bancorp Company Profile

Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts.