Plumas Bancorp (NASDAQ:PLBC) Declares Quarterly Dividend of $0.33

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.33 per share by the financial services provider on Tuesday, November 17th. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Plumas Bancorp has raised its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 1 years. Plumas Bancorp has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Plumas Bancorp to earn $5.90 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 22.4%.

Plumas Bancorp Stock Up 0.7%

Plumas Bancorp stock opened at $63.49 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. Plumas Bancorp has a 1-year low of $39.80 and a 1-year high of $64.30. The company has a market cap of $441.89 million, a PE ratio of 10.58 and a beta of 0.59. The stock’s 50 day moving average price is $62.01 and its 200 day moving average price is $57.96.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. Plumas Bancorp had a return on equity of 15.82% and a net margin of 31.72%. The business had revenue of $29.33 million during the quarter, compared to the consensus estimate of $29.03 million. On average, sell-side analysts predict that Plumas Bancorp will post 5.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kevin Kaiser sold 1,200 shares of the stock in a transaction dated 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 in the company, valued at $44,218.50. This represents a 62.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Plumas Bancorp

A number of hedge funds have recently modified their holdings of PLBC. BlackRock Inc. purchased a new position in shares of Plumas Bancorp during the second quarter valued at $26,754,000. The Manufacturers Life Insurance Company bought a new stake in shares of Plumas Bancorp during the 2nd quarter worth $13,704,000. De Lisle Partners LLP acquired a new stake in shares of Plumas Bancorp in the second quarter valued at about $13,318,000. Dimensional Fund Advisors LP lifted its holdings in shares of Plumas Bancorp by 12.1% during the first quarter. Dimensional Fund Advisors LP now owns 123,750 shares of the financial services provider’s stock worth $6,041,000 after buying an additional 13,342 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in Plumas Bancorp during the 2nd quarter valued at $3,829,000. 41.68% of the stock is currently owned by institutional investors and hedge funds.

Plumas Bancorp Company Profile

Plumas Bancorp is the bank holding company for Plumas Bank, a community bank headquartered in Reno, Nevada. Plumas Bank was founded in 1980 in Quincy, California, and serves individuals, families, businesses and organizations through banking offices and digital banking services.

The bank provides a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans, agricultural lending and lines of credit.