Plumas Bancorp (PLBC) to Release Quarterly Earnings on Wednesday

Plumas Bancorp (NASDAQ:PLBC) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $20.62 million for the quarter.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect Plumas Bancorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Plumas Bancorp Price Performance

NASDAQ:PLBC opened at $41.81 on Wednesday. The business’s 50-day simple moving average is $44.19 and its 200-day simple moving average is $44.70. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $51.33. The stock has a market capitalization of $247.52 million, a PE ratio of 8.73 and a beta of 0.55.

Plumas Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a $0.30 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. Plumas Bancorp’s payout ratio is presently 25.05%.

Insiders Place Their Bets

In related news, Director Michael Kevin Foster acquired 1,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of $45.67 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PLBC. Raymond James reiterated an “outperform” rating and set a $54.00 price objective (up from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th. Piper Sandler started coverage on Plumas Bancorp in a research report on Thursday, February 27th. They set an “overweight” rating and a $60.00 price target for the company.

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.