Insider Selling: Plumas Bancorp (NASDAQ:PLBC) EVP Sells $73,800.00 in Stock

Plumas Bancorp (NASDAQ:PLBC) EVP Kevin Craig Kaiser sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $61.50, for a total transaction of $73,800.00. Following the sale, the executive vice president directly owned 719 shares in the company, valued at approximately $44,218.50. This represents a 62.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Plumas Bancorp Trading Up 1.0%

Shares of PLBC opened at $61.83 on Friday. Plumas Bancorp has a twelve month low of $39.80 and a twelve month high of $64.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $430.34 million, a P/E ratio of 12.17 and a beta of 0.60. The firm’s 50-day moving average is $60.44 and its two-hundred day moving average is $54.68.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings results 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. The company had revenue of $28.76 million during the quarter, compared to the consensus estimate of $28.02 million. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. On average, research analysts predict that Plumas Bancorp will post 5.71 earnings per share for the current fiscal year.

Plumas Bancorp Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 3rd. Plumas Bancorp’s dividend payout ratio (DPR) is presently 25.98%.

Analyst Ratings Changes

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

Institutional Trading of Plumas Bancorp

A number of hedge funds have recently bought and sold shares of PLBC. AQR Capital Management LLC raised its holdings in Plumas Bancorp by 2.0% in the 4th quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 226 shares during the last quarter. BNP Paribas Financial Markets boosted 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 purchasing an additional 305 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Plumas Bancorp by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 395 shares during the last quarter. Caldwell Sutter Capital Inc. grew its position in shares of Plumas Bancorp by 0.6% in the fourth quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock valued at $4,750,000 after purchasing an additional 599 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Plumas Bancorp by 12.6% in the first quarter. Bank of America Corp DE now owns 5,828 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

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.