De Lisle Partners LLP Grows Position in Plumas Bancorp $PLBC

De Lisle Partners LLP raised its holdings in shares of Plumas Bancorp (NASDAQ:PLBC) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,186 shares of the financial services provider’s stock after buying an additional 12,831 shares during the quarter. Plumas Bancorp comprises about 1.2% of De Lisle Partners LLP’s portfolio, making the stock its 19th biggest holding. De Lisle Partners LLP owned approximately 3.06% of Plumas Bancorp worth $9,519,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Plumas Bancorp by 54.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,319 shares of the financial services provider’s stock worth $327,000 after buying an additional 2,582 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Plumas Bancorp by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider’s stock worth $523,000 after buying an additional 395 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Plumas Bancorp by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,408 shares of the financial services provider’s stock worth $4,934,000 after buying an additional 6,769 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Plumas Bancorp during the fourth quarter worth $194,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Plumas Bancorp by 12.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,465 shares of the financial services provider’s stock worth $825,000 after buying an additional 2,105 shares in the last quarter. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Trading Up 1.6%

Shares of PLBC opened at $56.61 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Plumas Bancorp has a 12-month low of $39.70 and a 12-month high of $57.00. The firm has a 50-day moving average price of $52.17 and a 200 day moving average price of $49.38. The firm has a market capitalization of $394.57 million, a P/E ratio of 11.99 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. The firm had revenue of $28.14 million during the quarter, compared to analyst estimates of $27.24 million. Sell-side analysts forecast 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. Shareholders of record on Friday, May 1st were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. Plumas Bancorp’s dividend payout ratio is presently 27.97%.

Wall Street Analysts Forecast Growth

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

About Plumas Bancorp

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.