Plumas Bancorp (NASDAQ:PLBC - Get Free Report) CFO Richard L. Belstock acquired 300 shares of Plumas Bancorp stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $42.70 per share, for a total transaction of $12,810.00. Following the completion of the acquisition, the chief financial officer now owns 47,135 shares in the company, valued at $2,012,664.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Plumas Bancorp Stock Performance
PLBC stock opened at $42.16 on Friday. The company's 50 day moving average price is $40.50 and its 200 day moving average price is $37.76. 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 capitalization of $248.74 million, a price-to-earnings ratio of 8.84 and a beta of 0.68.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.17. The firm had revenue of $24.10 million for the quarter, compared to analyst estimates of $20.60 million. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.97%. Equities analysts forecast that Plumas Bancorp will post 4.66 EPS for the current fiscal year.
Plumas Bancorp Announces Dividend
This Bull Market Indicator called NVDA at $116
From WealthPress | Ad
Every now and again we find an investment idea so incredible we can’t help but share.
And today is one of those rare days…
Except, today we won't be giving you insight on any one particular stock…
But rather, insight on a revolutionary new stock picking indicator…
In fact, within the last year, this indicator has become famous for a multitude of reasons…
But one of the biggest was because of the buy signal it issued on October 18th, 2022.
In fact, on that very day, it said to buy NVDA at $116.37…
Anyone who did would be sitting on a tremendously large return today…
But even if you missed the original buy signal from October, this incredible indicator issued 11 other buy signals while Nvidia made its epic run…
All you have to do is follow this link here
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, November 1st. Plumas Bancorp's dividend payout ratio (DPR) is 22.64%.
Institutional Investors Weigh In On Plumas Bancorp
Several large investors have recently modified their holdings of PLBC. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Plumas Bancorp by 15.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 433 shares during the period. Rhumbline Advisers boosted its holdings in shares of Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 290 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Plumas Bancorp by 32.8% in the first quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider's stock valued at $426,000 after acquiring an additional 2,856 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Plumas Bancorp in the first quarter valued at approximately $589,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Plumas Bancorp by 7.4% during the second 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 period. 41.68% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Raymond James boosted their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd.
Read Our Latest Analysis on PLBC
Plumas Bancorp Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
