Plumas Bancorp (NASDAQ:PLBC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Plumas Bancorp (NASDAQ:PLBC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.60 and traded as high as $47.19. Plumas Bancorp shares last traded at $47.00, with a volume of 17,232 shares traded.

Analyst Ratings Changes

Separately, Raymond James increased their price objective on Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd.

Plumas Bancorp Trading Up 1.7 %

The firm has a market cap of $277.30 million, a PE ratio of 9.85 and a beta of 0.67. The firm has a 50 day moving average price of $41.78 and a 200-day moving average price of $38.68.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.17. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. The firm had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $20.60 million. Equities analysts forecast that Plumas Bancorp will post 4.66 earnings per share for the current fiscal year.

Plumas Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.30%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 22.64%.

Insider Buying and Selling

In related news, EVP Bj North sold 2,496 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total transaction of $106,204.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.00% of the company’s stock.

Institutional Trading of Plumas Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLBC. Rhumbline Advisers grew its position in shares of Plumas Bancorp by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after buying an additional 290 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Plumas Bancorp by 533.8% in the third quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 4,938 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Plumas Bancorp by 7.9% during the third quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 457 shares during the last quarter. Barclays PLC increased its position in shares of Plumas Bancorp by 275.4% during the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 5,249 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of Plumas Bancorp in the 3rd quarter valued at about $521,000. Institutional investors and hedge funds own 41.68% of the company’s stock.

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.