Plumas Bancorp (NASDAQ:PLBC) Releases Earnings Results, Beats Estimates By $0.14 EPS

Plumas Bancorp (NASDAQ:PLBC) issued its earnings results on Wednesday. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.

Plumas Bancorp Stock Down 1.4 %

NASDAQ:PLBC opened at $44.11 on Wednesday. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The firm has a 50 day moving average of $47.10 and a 200 day moving average of $42.44. The stock has a market capitalization of $260.12 million, a price-to-earnings ratio of 9.25 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PLBC. 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 research report on Wednesday, October 2nd. Stephens began coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 target price on the stock.

Insider Activity at Plumas Bancorp

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.00% of the stock is currently owned by corporate insiders.

About Plumas Bancorp

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.