Plumas Bancorp (NASDAQ:PLBC) Short Interest Update

Plumas Bancorp (NASDAQ:PLBC) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 22,400 shares, a decrease of 15.5% from the December 15th total of 26,500 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 1.7 days.

Plumas Bancorp Stock Performance

Shares of NASDAQ PLBC traded down $1.02 during mid-day trading on Thursday, reaching $45.58. 5,410 shares of the company’s stock were exchanged, compared to its average volume of 10,751. The company’s 50-day moving average is $47.16 and its 200-day moving average is $42.49. The firm has a market capitalization of $268.79 million, a price-to-earnings ratio of 9.56 and a beta of 0.71. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $51.33.

Plumas Bancorp (NASDAQ:PLBC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. As a group, equities analysts predict that Plumas Bancorp will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Plumas Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Plumas Bancorp by 5.2% during the third quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider’s stock worth $5,033,000 after purchasing an additional 6,075 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Plumas Bancorp by 533.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after buying an additional 4,938 shares during the period. Elizabeth Park Capital Advisors Ltd. acquired a new position in Plumas Bancorp during the 2nd quarter worth about $1,247,000. The Manufacturers Life Insurance Company boosted its holdings in Plumas Bancorp by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider’s stock valued at $6,954,000 after acquiring an additional 9,328 shares during the period. Finally, State Street Corp grew its position in Plumas Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 68,879 shares of the financial services provider’s stock valued at $2,809,000 after acquiring an additional 2,526 shares in the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens initiated coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price objective for the company. Raymond James restated an “outperform” rating and set a $49.00 price target (up previously from $45.00) on shares of Plumas Bancorp in a report on Thursday.

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.