Plumas Bancorp (NASDAQ:PLBC - Get Free Report) Director Richard Francis Kenny sold 300 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $47.00, for a total transaction of $14,100.00. Following the completion of the transaction, the director now directly owns 9,507 shares in the company, valued at $446,829. This represents a 3.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Plumas Bancorp Trading Down 0.4 %
Shares of NASDAQ:PLBC opened at $47.06 on Wednesday. The firm's 50 day moving average is $41.92 and its two-hundred day moving average is $38.81. The firm has a market capitalization of $277.65 million, a P/E ratio of 9.87 and a beta of 0.67. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $47.56.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.17. The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $20.60 million. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. Analysts predict that Plumas Bancorp will post 4.66 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 1st. Plumas Bancorp's payout ratio is 22.64%.
Analyst Upgrades and Downgrades
Separately, Raymond James boosted their price objective on Plumas Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd.
View Our Latest Analysis on PLBC
Institutional Investors Weigh In On Plumas Bancorp
Several hedge funds have recently modified their holdings of PLBC. De Lisle Partners LLP raised its stake in Plumas Bancorp by 61.5% during the 3rd quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider's stock valued at $6,068,000 after purchasing an additional 57,051 shares during the period. Elizabeth Park Capital Advisors Ltd. bought a new position in Plumas Bancorp during the second quarter valued at about $1,247,000. Kennedy Capital Management LLC acquired a new stake in shares of Plumas Bancorp in the first quarter worth about $589,000. Fourthstone LLC bought a new position in shares of Plumas Bancorp in the 3rd quarter valued at approximately $521,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Plumas Bancorp by 5.8% in the third quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider's stock worth $6,954,000 after buying an additional 9,328 shares during the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.
About Plumas Bancorp
(
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.
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