Kenneth Edward Robison III Sells 800 Shares of Plumas Bancorp (NASDAQ:PLBC) Stock

Plumas Bancorp (NASDAQ:PLBC) Director Kenneth Edward Robison III sold 800 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $52.76, for a total value of $42,208.00. Following the transaction, the director owned 1,875 shares in the company, valued at $98,925. This trade represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kenneth Edward Robison III also recently made the following trade(s):

• On Tuesday, January 27th, Kenneth Edward Robison III sold 500 shares of Plumas Bancorp stock. The shares were sold at an average price of $49.34, for a total transaction of $24,670.00.

Plumas Bancorp Stock Down 2.0%

Shares of PLBC stock traded down $1.08 during trading hours on Monday, hitting $51.65. 22,224 shares of the company were exchanged, compared to its average volume of 20,521. The firm has a fifty day moving average of $48.15 and a 200 day moving average of $44.58. Plumas Bancorp has a 1 year low of $38.71 and a 1 year high of $54.58. The firm has a market cap of $359.48 million, a PE ratio of 11.38 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. The company had revenue of $28.58 million for the quarter, compared to the consensus estimate of $27.39 million. Analysts expect that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 4th. Plumas Bancorp’s dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Plumas Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Plumas Bancorp in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Plumas Bancorp currently has an average rating of “Buy” and a consensus price target of $55.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PLBC. EverSource Wealth Advisors LLC grew its stake in Plumas Bancorp by 44,800.0% during the 3rd 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 in the last quarter. Abound Financial LLC purchased a new position in shares of Plumas Bancorp during the 4th quarter valued at approximately $43,000. CWM LLC boosted its stake in shares of Plumas Bancorp by 408.9% during the 3rd quarter. CWM LLC now owns 1,089 shares of the financial services provider’s stock valued at $47,000 after buying an additional 875 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 worth $53,000 after buying an additional 305 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Plumas Bancorp by 623.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,410 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

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.