Plumas Bancorp (NASDAQ:PLBC – Get Free Report) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.30 per share by the financial services provider on Monday, February 17th. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Monday, February 3rd. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27.
Plumas Bancorp has increased its dividend by an average of 24.5% annually over the last three years. Plumas Bancorp has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Plumas Bancorp to earn $4.90 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 24.5%.
Plumas Bancorp Stock Down 3.5 %
NASDAQ PLBC opened at $45.60 on Friday. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $51.33. The business has a fifty day moving average of $47.26 and a 200-day moving average of $43.35. The stock has a market cap of $269.04 million, a price-to-earnings ratio of 9.52 and a beta of 0.71.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Raymond James reaffirmed an “outperform” rating and issued a $54.00 target price (up from $49.00) on shares of Plumas Bancorp in a research report on Thursday. Stephens began coverage on Plumas Bancorp in a report on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price objective on the stock.
Read Our Latest Research Report on PLBC
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.
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