Rice Hall James & Associates LLC Boosts Stock Holdings in Plumas Bancorp $PLBC

Rice Hall James & Associates LLC grew its position in Plumas Bancorp (NASDAQ:PLBC) by 32.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,141 shares of the financial services provider’s stock after buying an additional 9,145 shares during the period. Rice Hall James & Associates LLC’s holdings in Plumas Bancorp were worth $1,660,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC boosted its holdings in shares of Plumas Bancorp by 42.3% in the 4th quarter. Squarepoint Ops LLC now owns 13,064 shares of the financial services provider’s stock valued at $584,000 after buying an additional 3,883 shares in the last quarter. Barclays PLC boosted its holdings in shares of Plumas Bancorp by 17.4% in the 4th quarter. Barclays PLC now owns 11,116 shares of the financial services provider’s stock valued at $497,000 after buying an additional 1,651 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Plumas Bancorp in the 4th quarter valued at about $212,000. Fourthstone LLC boosted its holdings in shares of Plumas Bancorp by 125.9% in the 4th quarter. Fourthstone LLC now owns 102,585 shares of the financial services provider’s stock valued at $4,585,000 after buying an additional 57,167 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Plumas Bancorp by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,455 shares of the financial services provider’s stock valued at $825,000 after buying an additional 797 shares in the last quarter. 41.68% of the stock is currently owned by institutional investors.

Plumas Bancorp Stock Up 0.8%

PLBC stock opened at $55.48 on Wednesday. The firm has a 50 day moving average of $52.41 and a 200 day moving average of $49.59. The stock has a market capitalization of $386.58 million, a PE ratio of 11.75 and a beta of 0.62. 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 has a 52 week low of $39.70 and a 52 week high of $57.51.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. The company had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.24 million. Sell-side analysts forecast that Plumas Bancorp will post 5.64 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, May 1st. Plumas Bancorp’s payout ratio is presently 27.97%.

Analyst Ratings Changes

PLBC has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Plumas Bancorp from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen upgraded shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of Plumas Bancorp in a report on Monday, April 27th. Finally, Stephens raised their price target on shares of Plumas Bancorp from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $57.67.

Plumas Bancorp 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.