Plumas Bancorp (NASDAQ:PLBC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Plumas Bancorp (NASDAQ:PLBC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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 decreased their price objective on shares of Plumas Bancorp from $64.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $55.50.

Plumas Bancorp Stock Performance

The firm has a market cap of $346.68 million, a price-to-earnings ratio of 10.97 and a beta of 0.60. The business’s 50 day moving average price is $45.37 and its 200 day moving average price is $43.41.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The firm had revenue of $28.58 million for the quarter, compared to the consensus estimate of $27.39 million. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. Sell-side analysts anticipate that Plumas Bancorp will post 4.51 earnings per share for the current fiscal 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%. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, February 4th. Plumas Bancorp’s dividend payout ratio (DPR) is presently 26.43%.

Hedge Funds Weigh In On Plumas Bancorp

A number of large investors have recently added to or reduced their stakes in PLBC. Caldwell Sutter Capital Inc. raised its position in shares of Plumas Bancorp by 13,110.5% during the 3rd quarter. Caldwell Sutter Capital Inc. now owns 105,684 shares of the financial services provider’s stock worth $4,559,000 after purchasing an additional 104,884 shares during the last quarter. Angel Oak Capital Advisors LLC increased its stake in Plumas Bancorp by 23.0% during the 2nd quarter. Angel Oak Capital Advisors LLC now owns 26,700 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 5,000 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Plumas Bancorp during the 2nd quarter worth approximately $416,000. De Lisle Partners LLP raised its holdings in shares of Plumas Bancorp by 1.2% during the second quarter. De Lisle Partners LLP now owns 166,818 shares of the financial services provider’s stock valued at $7,429,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Albert D Mason Inc. lifted its position in shares of Plumas Bancorp by 41.7% in the third quarter. Albert D Mason Inc. now owns 44,778 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 13,185 shares in the last quarter. 41.68% of the stock is currently owned by institutional investors and hedge funds.

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.