Plumas Bancorp $PLBC Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP raised its stake in Plumas Bancorp (NASDAQ:PLBC) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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’s holdings in Plumas Bancorp were worth $9,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position 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 worth $39,000 after purchasing an additional 896 shares in the last quarter. BNP Paribas Financial Markets lifted 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 purchasing an additional 305 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 worth $73,000 after purchasing an additional 1,410 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Plumas Bancorp during the first quarter worth about $78,000. Finally, Deutsche Bank AG acquired a new stake in shares of Plumas Bancorp during the fourth quarter worth about $194,000. Institutional investors and hedge funds own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Plumas Bancorp Stock Up 1.6%

Shares of NASDAQ:PLBC opened at $56.61 on Friday. The firm’s 50 day moving average price is $52.17 and its 200 day moving average price is $49.38. The stock has a market cap of $394.57 million, a price-to-earnings ratio of 11.99 and a beta of 0.62. Plumas Bancorp has a fifty-two week low of $39.70 and a fifty-two week high of $57.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results 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 firm had revenue of $28.14 million for the quarter, compared to analysts’ expectations of $27.24 million. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. As a group, equities research analysts predict that Plumas Bancorp will post 5.64 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.32 annualized dividend and a yield of 2.3%. Plumas Bancorp’s dividend payout ratio (DPR) is 27.97%.

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.