Plumas Bancorp (NASDAQ:PLBC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Plumas Bancorp (NASDAQ:PLBC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.60 and traded as high as $47.19. Plumas Bancorp shares last traded at $47.00, with a volume of 17,232 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd.

Plumas Bancorp Price Performance

The company has a market capitalization of $277.30 million, a price-to-earnings ratio of 9.85 and a beta of 0.67. The firm’s fifty day moving average price is $41.64 and its 200-day moving average price is $38.60.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. The business had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $20.60 million. On average, research analysts predict that Plumas Bancorp will post 4.66 earnings per share for the current year.

Plumas Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 1st. This represents a $1.08 annualized dividend and a yield of 2.30%. Plumas Bancorp’s dividend payout ratio is presently 22.64%.

Insiders Place Their Bets

In related news, 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 transaction of $106,204.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Plumas Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in Plumas Bancorp by 275.4% in the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 5,249 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Plumas Bancorp by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 457 shares during the period. State Street Corp boosted its stake in shares of 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 purchasing an additional 2,526 shares during the last quarter. Fourthstone LLC acquired a new stake in shares of Plumas Bancorp during the third quarter worth $521,000. Finally, De Lisle Partners LLP raised its stake in Plumas Bancorp by 61.5% during the third quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider’s stock worth $6,068,000 after buying an additional 57,051 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

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.