Plumas Bancorp (NASDAQ:PLBC) Director Sushil Amathalal Patel Purchases 1,374 Shares

Plumas Bancorp (NASDAQ:PLBCGet Free Report) Director Sushil Amathalal Patel bought 1,374 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $35.63 per share, with a total value of $48,955.62. Following the purchase, the director now owns 1,374 shares of the company’s stock, valued at approximately $48,955.62. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Plumas Bancorp Stock Performance

Shares of NASDAQ:PLBC opened at $35.76 on Thursday. The company has a 50-day simple moving average of $35.44 and a 200-day simple moving average of $36.40. Plumas Bancorp has a one year low of $32.12 and a one year high of $45.00. The stock has a market capitalization of $210.98 million, a price-to-earnings ratio of 7.48 and a beta of 0.71.

Plumas Bancorp (NASDAQ:PLBCGet Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.14). Plumas Bancorp had a return on equity of 20.39% and a net margin of 33.12%. The firm had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $19.90 million. As a group, research analysts forecast that Plumas Bancorp will post 4.35 EPS for the current fiscal year.

Plumas Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.08 annualized dividend and a dividend yield of 3.02%. Plumas Bancorp’s payout ratio is 22.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Plumas Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 9th.

View Our Latest Report on PLBC

Hedge Funds Weigh In On Plumas Bancorp

A number of institutional investors have recently added to or reduced their stakes in PLBC. Vanguard Group Inc. grew its position in shares of Plumas Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock valued at $10,310,000 after buying an additional 1,862 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Plumas Bancorp by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 28,312 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 809 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in Plumas Bancorp in the 1st quarter valued at approximately $589,000. BNP Paribas Financial Markets increased its stake in Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,856 shares during the period. Finally, Albert D Mason Inc. increased its stake in Plumas Bancorp by 5.9% in the 1st quarter. Albert D Mason Inc. now owns 7,020 shares of the financial services provider’s stock valued at $258,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

About Plumas Bancorp

(Get Free Report)

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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