Plumas Bancorp (NASDAQ:PLBC) Share Price Passes Above 200-Day Moving Average – Here’s Why

Plumas Bancorp (NASDAQ:PLBC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.41 and traded as high as $50.04. Plumas Bancorp shares last traded at $49.81, with a volume of 22,426 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on PLBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Plumas Bancorp in a research note on Monday, December 29th. Piper Sandler dropped their price objective on Plumas Bancorp from $64.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $55.50.

Plumas Bancorp Stock Up 0.5%

The company has a market cap of $346.68 million, a PE ratio of 10.97 and a beta of 0.60. The firm has a 50 day simple moving average of $45.37 and a 200-day simple moving average of $43.41.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.37 by $0.19. The firm had revenue of $28.58 million during the quarter, compared to analyst estimates of $27.39 million. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. As a group, equities analysts anticipate that Plumas Bancorp will post 4.51 EPS for the current year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, February 4th. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.30. Plumas Bancorp’s payout ratio is 26.43%.

Institutional Investors Weigh In On Plumas Bancorp

A number of large investors have recently modified their holdings of PLBC. Caldwell Sutter Capital Inc. raised its position in shares of Plumas Bancorp by 13,110.5% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 105,684 shares of the financial services provider’s stock valued at $4,559,000 after purchasing an additional 104,884 shares during the last quarter. Siena Capital Partners GP LLC increased its stake in Plumas Bancorp by 30.5% during the 3rd quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock valued at $12,370,000 after purchasing an additional 66,950 shares in the last quarter. Fourthstone LLC purchased a new position in shares of Plumas Bancorp in the second quarter worth $1,277,000. Punch & Associates Investment Management Inc. lifted its stake in shares of Plumas Bancorp by 42.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 62,535 shares of the financial services provider’s stock worth $2,698,000 after buying an additional 18,595 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Plumas Bancorp by 5.2% during the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after buying an additional 15,080 shares during the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

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.