Plumas Bancorp (NASDAQ:PLBC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Plumas Bancorp (NASDAQ:PLBC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.40 and traded as high as $53.21. Plumas Bancorp shares last traded at $52.84, with a volume of 36,711 shares traded.

Analyst Ratings Changes

PLBC has been the subject of a number of analyst reports. Stephens boosted their price target on Plumas Bancorp from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Plumas Bancorp in a research report on Monday, April 27th. Wall Street Zen upgraded Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Piper Sandler boosted their price target on Plumas Bancorp from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Plumas Bancorp has an average rating of “Buy” and a consensus target price of $57.67.

Plumas Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $368.29 million, a price-to-earnings ratio of 11.19 and a beta of 0.61. The company has a fifty day moving average price of $50.82 and a two-hundred day moving average price of $48.40.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.07. The business had revenue of $28.14 million during the quarter, compared to analyst estimates of $27.24 million. Plumas Bancorp had a return on equity of 15.16% and a net margin of 26.67%. As a group, equities research analysts expect that Plumas Bancorp will post 5.64 EPS for the current year.

Plumas Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 1st. Plumas Bancorp’s dividend payout ratio is currently 27.97%.

Institutional Investors Weigh In On Plumas Bancorp

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in shares of Plumas Bancorp during the first quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Plumas Bancorp by 44,800.0% during the third quarter. EverSource Wealth Advisors LLC now owns 898 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 896 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Plumas Bancorp during the fourth quarter valued at $43,000. BNP Paribas Financial Markets lifted its holdings in shares of Plumas Bancorp by 33.1% during the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 305 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Plumas Bancorp by 623.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,410 shares during the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.

Plumas Bancorp Company Profile

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.