Plumas Bancorp (NASDAQ:PLBC) Announces Earnings Results

Plumas Bancorp (NASDAQ:PLBC) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17, Zacks reports. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. The company had revenue of $24.10 million during the quarter, compared to the consensus estimate of $20.60 million.

Plumas Bancorp Price Performance

Shares of NASDAQ:PLBC opened at $42.78 on Friday. Plumas Bancorp has a 12 month low of $32.50 and a 12 month high of $45.00. The firm has a market capitalization of $252.23 million, a P/E ratio of 8.95 and a beta of 0.68. The company’s fifty day moving average price is $39.95 and its 200 day moving average price is $37.53.

Analysts Set New Price Targets

Separately, Raymond James boosted their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd.

Plumas Bancorp Company Profile

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.