Plumas Bancorp (NASDAQ:PLBC) Shares Pass Above 200 Day Moving Average of $36.50

Plumas Bancorp (NASDAQ:PLBC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.50 and traded as high as $41.37. Plumas Bancorp shares last traded at $41.20, with a volume of 6,449 shares.

Plumas Bancorp Trading Up 0.3 %

The business has a fifty day moving average price of $39.52 and a 200-day moving average price of $36.58. The stock has a market capitalization of $243.79 million, a PE ratio of 8.64 and a beta of 0.68.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. The firm had revenue of $20.61 million during the quarter, compared to analysts’ expectations of $20.00 million. On average, equities analysts anticipate that Plumas Bancorp will post 4.47 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, August 1st. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.59%.

Institutional Investors Weigh In On Plumas Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Plumas Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock valued at $10,310,000 after purchasing an additional 1,862 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Plumas Bancorp by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock valued at $2,847,000 after purchasing an additional 4,838 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new position in Plumas Bancorp during the 2nd quarter valued at approximately $1,247,000. Bank of New York Mellon Corp raised its position in Plumas Bancorp by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new position in Plumas Bancorp during the 1st quarter valued at approximately $589,000. Institutional investors own 41.68% of the company’s stock.

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.