Plumas Bancorp (NASDAQ:PLBC - Get Free Report) Director Michael Kevin Foster acquired 1,000 shares of Plumas Bancorp stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $45.67 per share, with a total value of $45,670.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $45,670. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Plumas Bancorp Stock Performance
Shares of NASDAQ PLBC opened at $44.24 on Friday. The business's 50 day moving average price is $46.23 and its 200-day moving average price is $43.80. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $51.33. The company has a market cap of $261.02 million, a price-to-earnings ratio of 9.24 and a beta of 0.70.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%. Sell-side analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current year.
Plumas Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.71%. The ex-dividend date was Monday, February 3rd. This is a positive change from Plumas Bancorp's previous quarterly dividend of $0.27. Plumas Bancorp's dividend payout ratio is 25.05%.
Hedge Funds Weigh In On Plumas Bancorp
Hedge funds have recently made changes to their positions in the company. Putney Financial Group LLC purchased a new position in Plumas Bancorp in the fourth quarter valued at about $571,000. Deutsche Bank AG lifted its holdings in Plumas Bancorp by 68.0% in the 4th quarter. Deutsche Bank AG now owns 5,031 shares of the financial services provider's stock worth $238,000 after buying an additional 2,036 shares in the last quarter. Corton Capital Inc. bought a new stake in shares of Plumas Bancorp in the 4th quarter worth about $267,000. Citadel Advisors LLC grew its position in shares of Plumas Bancorp by 64.1% during the 4th quarter. Citadel Advisors LLC now owns 9,187 shares of the financial services provider's stock valued at $434,000 after buying an additional 3,587 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Plumas Bancorp by 41.3% during the 4th quarter. Bank of America Corp DE now owns 5,752 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 1,680 shares during the period. Hedge funds and other institutional investors own 41.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on PLBC shares. Stephens initiated coverage on Plumas Bancorp in a research report on Wednesday, November 27th. They set an "overweight" rating and a $60.00 price objective on the stock. Raymond James reissued an "outperform" rating and issued a $54.00 target price (up from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th.
View Our Latest Research Report 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.
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