Plumas Bancorp (NASDAQ:PLBC) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Plumas Bancorp (NASDAQ:PLBC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.13 and traded as high as $58.40. Plumas Bancorp shares last traded at $57.61, with a volume of 68,620 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PLBC shares. Stephens lifted their price target on Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Wall Street Zen raised shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Plumas Bancorp in a research note on Monday, April 27th. Finally, Piper Sandler increased their price target on shares of Plumas Bancorp from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $57.67.

Plumas Bancorp Stock Up 2.8%

The company has a market cap of $410.00 million, a PE ratio of 12.47 and a beta of 0.62. The business has a 50-day simple moving average of $53.31 and a 200-day simple moving average of $50.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Plumas Bancorp had a return on equity of 15.16% and a net margin of 26.67%.The business had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.24 million. Equities research analysts anticipate that Plumas Bancorp will post 5.64 EPS for the current year.

Plumas Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 27.97%.

Hedge Funds Weigh In On Plumas Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Siena Capital Partners GP LLC grew its stake in Plumas Bancorp by 30.5% during the 3rd quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock valued at $12,370,000 after acquiring an additional 66,950 shares in the last quarter. Fourthstone LLC boosted its holdings in shares of Plumas Bancorp by 125.9% during the 4th quarter. Fourthstone LLC now owns 102,585 shares of the financial services provider’s stock worth $4,585,000 after purchasing an additional 57,167 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Plumas Bancorp by 19.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 235,916 shares of the financial services provider’s stock valued at $11,517,000 after buying an additional 39,176 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of Plumas Bancorp by 42.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 62,535 shares of the financial services provider’s stock worth $2,698,000 after acquiring an additional 18,595 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Plumas Bancorp by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock worth $13,221,000 after acquiring an additional 15,080 shares during the period. 41.68% of the stock is owned by hedge funds and other institutional investors.

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.