Plumas Bancorp (NASDAQ:PLBC) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Plumas Bancorp (NASDAQ:PLBC) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.

Plumas Bancorp Stock Performance

Plumas Bancorp stock traded up $0.52 during midday trading on Wednesday, reaching $45.25. 1,697 shares of the stock were exchanged, compared to its average volume of 9,482. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The firm has a market cap of $266.84 million, a PE ratio of 9.49 and a beta of 0.71. The company’s fifty day moving average is $47.10 and its 200-day moving average is $42.44.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

PLBC has been the topic of a number of analyst reports. Raymond James boosted their target price on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Stephens began coverage on Plumas Bancorp in a research note on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price objective on the stock.

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.