227,798 Shares in Plumas Bancorp $PLBC Bought by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP acquired 227,798 shares of Plumas Bancorp during the second quarter, valued at approximately $13.3 million. The stake represents about 3.27% of the bank and 1.5% of the fund’s portfolio.
• Analysts remain bullish on PLBC, with four Buy ratings and a consensus price target of $66.33. Recent targets range from $64 to $69.
• Plumas Bancorp exceeded quarterly earnings expectations, reporting $1.41 in EPS versus $1.37 forecast and $28.76 million in revenue. The company also pays a quarterly dividend of $0.33, representing a 2.1% annualized yield.

De Lisle Partners LLP acquired a new stake in Plumas Bancorp (NASDAQ:PLBC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 227,798 shares of the financial services provider's stock, valued at approximately $13,318,000. Plumas Bancorp accounts for 1.5% of De Lisle Partners LLP's investment portfolio, making the stock its 12th biggest position. De Lisle Partners LLP owned about 3.27% of Plumas Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in PLBC. Blue Trust Inc. acquired a new position in Plumas Bancorp in the 1st quarter valued at about $40,000. Abound Financial LLC purchased a new position in shares of Plumas Bancorp in the 4th quarter valued at approximately $43,000. BNP Paribas Financial Markets increased its holdings in shares of Plumas Bancorp by 33.1% in the third quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 305 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Plumas Bancorp by 623.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider's stock worth $73,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Plumas Bancorp during the first quarter worth $78,000. 41.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PLBC. Raymond James Financial reissued an "outperform" rating and issued a $66.00 price objective on shares of Plumas Bancorp in a research note on Thursday, July 16th. Piper Sandler increased their price target on shares of Plumas Bancorp from $66.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Stephens lifted their price objective on Plumas Bancorp from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Wall Street Zen upgraded Plumas Bancorp from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. Finally, Weiss Ratings raised Plumas Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Plumas Bancorp presently has a consensus rating of "Buy" and a consensus price target of $66.33.

Plumas Bancorp Trading Down 0.2%

Shares of PLBC opened at $61.50 on Friday. Plumas Bancorp has a twelve month low of $39.80 and a twelve month high of $64.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $428.04 million, a P/E ratio of 12.11 and a beta of 0.60. The firm's 50-day moving average is $59.83 and its two-hundred day moving average is $54.38.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $28.76 million for the quarter, compared to analyst estimates of $28.02 million. Plumas Bancorp had a return on equity of 15.41% and a net margin of 27.39%. On average, research analysts predict that Plumas Bancorp will post 5.71 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.33 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. Plumas Bancorp's dividend payout ratio (DPR) is currently 25.98%.

Plumas Bancorp Company Profile

Plumas Bancorp NASDAQ: PLBC is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California's rural and semi-rural markets.

Plumas Bank's product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.

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