Plumas Bancorp (NASDAQ:PLBC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Plumas Bancorp (NASDAQ:PLBC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.24 and traded as high as $45.47. Plumas Bancorp shares last traded at $43.71, with a volume of 24,484 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their target price on shares of Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd.

Plumas Bancorp Trading Up 3.2 %

The firm has a market capitalization of $265.90 million, a price-to-earnings ratio of 9.45 and a beta of 0.67. The firm has a fifty day moving average price of $41.20 and a 200 day moving average price of $38.31.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.97% and a net margin of 31.02%. The company had revenue of $24.10 million for the quarter, compared to analyst estimates of $20.60 million. As a group, equities analysts predict that Plumas Bancorp will post 4.66 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, November 1st. Plumas Bancorp’s payout ratio is presently 22.64%.

Insider Activity

In related news, EVP Bj North sold 2,496 shares of Plumas Bancorp stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Plumas Bancorp by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 290 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,856 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Plumas Bancorp in the 1st quarter valued at $589,000. Bank of New York Mellon Corp raised its stake 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 worth $1,058,000 after buying an additional 2,036 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. bought a new position in Plumas Bancorp during the second quarter worth about $1,247,000. Institutional investors and hedge funds 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.