Insider Selling: Plumas Bancorp (NASDAQ:PLBC) EVP Sells 1,200 Shares

Plumas Bancorp (NASDAQ:PLBC) EVP Kevin Craig Kaiser sold 1,200 shares of Plumas Bancorp stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $61.50, for a total value of $73,800.00. Following the transaction, the executive vice president owned 719 shares of the company’s stock, valued at $44,218.50. The trade was a 62.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Plumas Bancorp Stock Performance

NASDAQ PLBC traded down $0.48 during trading on Wednesday, reaching $61.06. 73,643 shares of the company’s stock were exchanged, compared to its average volume of 49,063. The business has a 50 day moving average price of $60.07 and a 200-day moving average price of $54.52. The stock has a market capitalization of $424.98 million, a P/E ratio of 12.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. Plumas Bancorp has a fifty-two week low of $39.80 and a fifty-two week high of $64.00.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Plumas Bancorp had a return on equity of 15.41% and a net margin of 27.39%.The company had revenue of $28.76 million during the quarter, compared to analysts’ expectations of $28.02 million. Sell-side analysts forecast that Plumas Bancorp will post 5.71 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 3rd. Plumas Bancorp’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLBC. Stephens lifted their price objective on shares of Plumas Bancorp from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Piper Sandler raised their target price on shares of Plumas Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Raymond James Financial restated an “outperform” rating and set a $66.00 target price on shares of Plumas Bancorp in a research note on Thursday, July 16th. Finally, Weiss Ratings raised shares of Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Plumas Bancorp has a consensus rating of “Buy” and an average target price of $66.33.

Institutional Trading of Plumas Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Plumas Bancorp in the 2nd quarter valued at $39,000. Blue Trust Inc. bought a new position in Plumas Bancorp during the 1st quarter worth $40,000. Abound Financial LLC acquired a new stake in shares of Plumas Bancorp during the fourth quarter worth $43,000. BNP Paribas Financial Markets lifted its holdings in shares of Plumas Bancorp by 33.1% during the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock worth $53,000 after buying an additional 305 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Plumas Bancorp by 623.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,410 shares during the period. 41.68% of the stock is owned by institutional investors and hedge funds.

Plumas Bancorp Company 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.