Richard Francis Kenny Sells 300 Shares of Plumas Bancorp (NASDAQ:PLBC) Stock

Plumas Bancorp (NASDAQ:PLBC) Director Richard Francis Kenny sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $47.00, for a total value of $14,100.00. Following the completion of the sale, the director now directly owns 9,507 shares of the company’s stock, valued at approximately $446,829. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Plumas Bancorp Price Performance

Plumas Bancorp stock opened at $46.49 on Thursday. The stock’s fifty day moving average price is $42.05 and its two-hundred day moving average price is $38.88. Plumas Bancorp has a one year low of $32.50 and a one year high of $47.56. The firm has a market cap of $274.29 million, a PE ratio of 9.75 and a beta of 0.67.

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 analysts’ consensus estimates of $1.14 by $0.17. The firm had revenue of $24.10 million for the quarter, compared to the consensus estimate of $20.60 million. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. Sell-side analysts expect that Plumas Bancorp will post 4.66 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, November 1st. Plumas Bancorp’s dividend payout ratio (DPR) is 22.64%.

Institutional Investors Weigh In On Plumas Bancorp

Several hedge funds have recently modified their holdings of PLBC. Vanguard Group Inc. lifted its holdings in Plumas Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock worth $10,310,000 after buying an additional 1,862 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Plumas Bancorp by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider’s stock worth $6,954,000 after buying an additional 9,328 shares during the period. De Lisle Partners LLP raised its position in shares of Plumas Bancorp by 61.5% in the 3rd quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider’s stock worth $6,068,000 after acquiring an additional 57,051 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Plumas Bancorp by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider’s stock worth $5,033,000 after acquiring an additional 6,075 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Plumas Bancorp by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock worth $2,847,000 after acquiring an additional 4,838 shares in the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

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

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.