Plumas Bancorp (NASDAQ:PLBC – Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.
Plumas Bancorp Price Performance
PLBC opened at $46.60 on Thursday. The firm has a 50 day simple moving average of $47.12 and a 200 day simple moving average of $42.46. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $51.33. The company has a market cap of $274.94 million, a price-to-earnings ratio of 9.77 and a beta of 0.71.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Raymond James raised their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Stephens began coverage on Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 target price for the company.
Insider Buying and Selling at Plumas Bancorp
In related news, EVP Bj North sold 2,496 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.00% of the company’s stock.
About Plumas Bancorp
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.
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