Plumas Bancorp (NASDAQ:PLBC) EVP Bj North Sells 2,496 Shares

Plumas Bancorp (NASDAQ:PLBC) EVP Bj North sold 2,496 shares of the firm’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 accessible through the SEC website.

Plumas Bancorp Stock Down 1.1 %

Shares of NASDAQ:PLBC traded down $0.46 during trading on Tuesday, reaching $42.50. 23,647 shares of the company’s stock traded hands, compared to its average volume of 9,071. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $45.00. The firm has a market cap of $250.75 million, a PE ratio of 8.97 and a beta of 0.68. The company has a 50-day simple moving average of $40.22 and a 200-day simple moving average of $37.65.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.97% and a net margin of 31.02%. The company had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $20.60 million. On average, equities research analysts forecast that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, November 1st. Plumas Bancorp’s payout ratio is 22.64%.

Analysts Set New Price Targets

Separately, Raymond James raised 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.

Institutional Investors Weigh In On Plumas Bancorp

Institutional investors have recently bought and sold shares of the company. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Plumas Bancorp during the 2nd quarter worth approximately $1,247,000. Kennedy Capital Management LLC acquired a new position in shares of Plumas Bancorp during the 1st quarter worth approximately $589,000. Dimensional Fund Advisors LP boosted its holdings in shares of Plumas Bancorp by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 4,838 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Plumas Bancorp by 32.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Plumas Bancorp by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 2,036 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors and hedge funds.

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.