Albert D Mason Inc. Has $353,000 Holdings in Plumas Bancorp (NASDAQ:PLBC)

Albert D Mason Inc. grew its position in shares of Plumas Bancorp (NASDAQ:PLBC) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,479 shares of the financial services provider’s stock after buying an additional 286 shares during the quarter. Albert D Mason Inc.’s holdings in Plumas Bancorp were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Plumas Bancorp by 4.9% in 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 in the last quarter. Jane Street Group LLC raised its position in Plumas Bancorp by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 457 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Plumas Bancorp by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 2,036 shares in the last quarter. State Street Corp grew its holdings in shares of Plumas Bancorp by 3.8% during the third quarter. State Street Corp now owns 68,879 shares of the financial services provider’s stock worth $2,809,000 after purchasing an additional 2,526 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Plumas Bancorp by 129.8% in the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock valued at $311,000 after buying an additional 4,305 shares in the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Insider Activity

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is currently owned by company insiders.

Plumas Bancorp Stock Up 3.0 %

PLBC stock opened at $46.94 on Friday. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33. The company has a market cap of $276.95 million, a P/E ratio of 9.84 and a beta of 0.71. The business has a fifty day moving average of $47.20 and a 200-day moving average of $42.57.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. As a group, equities research analysts anticipate that Plumas Bancorp will post 4.72 earnings per share for the current fiscal year.

Plumas Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.30 per share. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, February 3rd. Plumas Bancorp’s payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLBC. Raymond James reiterated an “outperform” rating and set a $49.00 price target (up previously from $45.00) on shares of Plumas Bancorp in a research report on Thursday. Stephens assumed coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 target price for the company.

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.