Plumas Bancorp (NASDAQ:PLBC) Posts Earnings Results, Beats Estimates By $0.17 EPS

Plumas Bancorp (NASDAQ:PLBC) announced its earnings results on Wednesday. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.17, Zacks reports. Plumas Bancorp had a net margin of 32.14% and a return on equity of 19.22%. The company had revenue of $24.10 million during the quarter, compared to analyst estimates of $20.60 million.

Plumas Bancorp Stock Performance

PLBC opened at $42.78 on Friday. The stock has a market cap of $252.23 million, a price-to-earnings ratio of 8.95 and a beta of 0.68. The firm’s fifty day moving average is $39.95 and its 200 day moving average is $37.53. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $45.00.

Analysts Set New Price Targets

Separately, Raymond James lifted their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd.

Plumas Bancorp Company Profile

Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts.