Plumas Bancorp (PLBC) To Go Ex-Dividend on February 4th

Plumas Bancorp (NASDAQ:PLBC) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Wednesday, February 4th will be given a dividend of 0.33 per share by the financial services provider on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, February 4th. This is a 10.0% increase from Plumas Bancorp’s previous quarterly dividend of $0.30.

Plumas Bancorp has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Plumas Bancorp has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Plumas Bancorp to earn $5.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.7%.

Plumas Bancorp Stock Performance

Shares of PLBC opened at $49.82 on Friday. The company has a 50 day moving average price of $44.72 and a 200-day moving average price of $43.30. Plumas Bancorp has a fifty-two week low of $38.71 and a fifty-two week high of $52.01. The stock has a market capitalization of $346.75 million, a PE ratio of 10.97 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The company had revenue of $28.58 million during the quarter, compared to the consensus estimate of $27.39 million. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. Equities research analysts forecast that Plumas Bancorp will post 4.51 EPS for the current year.

About Plumas Bancorp

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.