Plumas Bancorp (PLBC) Set to Announce Quarterly Earnings on Wednesday

Plumas Bancorp (NASDAQ:PLBC) will release its earnings data on Wednesday, April 17th.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.04. The firm had revenue of $20.01 million for the quarter, compared to analyst estimates of $20.00 million. Plumas Bancorp had a return on equity of 22.70% and a net margin of 34.90%. On average, analysts expect Plumas Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Plumas Bancorp Price Performance

Plumas Bancorp stock opened at $34.92 on Tuesday. The stock’s 50 day moving average is $35.21 and its 200 day moving average is $36.23. The firm has a market cap of $205.82 million, a P/E ratio of 6.97 and a beta of 0.73. Plumas Bancorp has a one year low of $31.77 and a one year high of $45.00.

Plumas Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were paid a $0.27 dividend. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, January 31st. Plumas Bancorp’s payout ratio is currently 21.56%.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, EVP Aaron M. Boigon sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $36.89, for a total value of $59,024.00. Following the transaction, the executive vice president now directly owns 5,600 shares of the company’s stock, valued at $206,584. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Plumas Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Plumas Bancorp by 183.8% during the second quarter. Royal Bank of Canada now owns 1,141 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 739 shares in the last quarter. BNP Paribas Arbitrage SNC bought a new stake in shares of Plumas Bancorp during the second quarter valued at approximately $51,000. Barclays PLC bought a new stake in shares of Plumas Bancorp during the first quarter valued at approximately $61,000. California State Teachers Retirement System bought a new stake in shares of Plumas Bancorp during the second quarter valued at approximately $65,000. Finally, Wells Fargo & Company MN grew its holdings in Plumas Bancorp by 6,094.1% during the second quarter. Wells Fargo & Company MN now owns 2,106 shares of the financial services provider’s stock worth $75,000 after buying an additional 2,072 shares in the last quarter. Institutional investors own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their price objective on Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th.

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.