Kevin Craig Kaiser Sells 1,200 Shares of Plumas Bancorp (NASDAQ:PLBC) Stock

Plumas Bancorp (NASDAQ:PLBC) EVP Kevin Craig Kaiser sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $61.50, for a total value of $73,800.00. Following the completion of the transaction, the executive vice president owned 719 shares of the company’s stock, valued at approximately $44,218.50. This represents a 62.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Plumas Bancorp Price Performance

Plumas Bancorp stock opened at $61.19 on Friday. Plumas Bancorp has a 52 week low of $39.80 and a 52 week high of $64.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $60.31 and its 200 day simple moving average is $54.63. The firm has a market capitalization of $425.88 million, a PE ratio of 12.05 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $28.76 million during the quarter, compared to the consensus estimate of $28.02 million. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. On average, equities research analysts predict that Plumas Bancorp will post 5.71 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Plumas Bancorp’s dividend payout ratio (DPR) is 25.98%.

Hedge Funds Weigh In On Plumas Bancorp

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Plumas Bancorp during the first quarter valued at approximately $255,000. Acadian Asset Management LLC purchased a new stake in Plumas Bancorp in the 1st quarter worth approximately $78,000. The Manufacturers Life Insurance Company raised its holdings in Plumas Bancorp by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 180,291 shares of the financial services provider’s stock valued at $8,016,000 after acquiring an additional 6,637 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Plumas Bancorp by 623.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,410 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Plumas Bancorp by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after acquiring an additional 15,080 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLBC. Raymond James Financial reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Plumas Bancorp in a research note on Thursday, July 16th. Piper Sandler raised their price target on Plumas Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings raised Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Wall Street Zen upgraded Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Stephens increased their price objective on Plumas Bancorp from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Plumas Bancorp presently has an average rating of “Buy” and a consensus price target of $66.33.

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.