Insider Buying: Plumas Bancorp (PLBC) Director Acquires 1,059 Shares of Stock

Plumas Bancorp (NASDAQ:PLBC) Director Richard Francis Kenny acquired 1,059 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was bought at an average cost of $23.50 per share, for a total transaction of $24,886.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard Francis Kenny also recently made the following trade(s):

  • On Tuesday, November 13th, Richard Francis Kenny bought 953 shares of Plumas Bancorp stock. The stock was acquired at an average cost of $26.28 per share, for a total transaction of $25,044.84.

PLBC traded down $0.20 during midday trading on Thursday, reaching $23.10. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 4,312. The firm has a market capitalization of $112.35 million, a P/E ratio of 8.80 and a beta of 0.09. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.17. Plumas Bancorp has a twelve month low of $21.35 and a twelve month high of $29.45.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, October 17th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $10.84 million for the quarter. Plumas Bancorp had a return on equity of 22.07% and a net margin of 27.96%.

The firm also recently announced a semiannual dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.18 dividend. This represents a yield of 1.3%. The ex-dividend date was Wednesday, October 31st.

Separately, ValuEngine lowered Plumas Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, September 27th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. River Oaks Capital LLC grew its holdings in Plumas Bancorp by 43.0% in the 3rd quarter. River Oaks Capital LLC now owns 119,000 shares of the financial services provider’s stock valued at $2,957,000 after buying an additional 35,783 shares during the last quarter. FMR LLC acquired a new stake in Plumas Bancorp in the 2nd quarter valued at approximately $2,032,000. Finally, Dimensional Fund Advisors LP grew its holdings in Plumas Bancorp by 17.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 29,324 shares of the financial services provider’s stock valued at $729,000 after buying an additional 4,353 shares during the last quarter. 20.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Plumas Bancorp

Plumas Bancorp operates as the 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 offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits.

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Insider Buying and Selling by Quarter for Plumas Bancorp (NASDAQ:PLBC)

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