Plumas Bancorp (NASDAQ:PLBC) Director Michael Kevin Foster Purchases 1,000 Shares

Plumas Bancorp (NASDAQ:PLBC) Director Michael Kevin Foster purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $45.67 per share, with a total value of $45,670.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $45,670. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Plumas Bancorp Stock Performance

Shares of Plumas Bancorp stock opened at $44.24 on Monday. The stock has a market capitalization of $260.88 million, a PE ratio of 9.24 and a beta of 0.70. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $51.33. The company has a 50-day simple moving average of $46.23 and a two-hundred day simple moving average of $43.88.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. As a group, equities research analysts forecast that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. Plumas Bancorp’s payout ratio is currently 25.05%.

Institutional Trading of Plumas Bancorp

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Plumas Bancorp by 5.2% in the third 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 during the period. BNP Paribas Financial Markets grew its stake in shares of 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 worth $239,000 after acquiring an additional 4,938 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Plumas Bancorp by 5.8% in the third quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider’s stock worth $6,954,000 after acquiring an additional 9,328 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Plumas Bancorp by 129.8% in the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 4,305 shares during the period. Finally, Barclays PLC grew its stake in shares of Plumas Bancorp by 275.4% in the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 5,249 shares during the period. 41.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stephens began coverage on shares of Plumas Bancorp in a research report on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price target for the company. Raymond James reaffirmed an “outperform” rating and issued a $54.00 target price (up from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th.

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.