Plumas Bancorp (NASDAQ:PLBC) Shares Purchased by Albert D Mason Inc.

Albert D Mason Inc. increased its position in shares of Plumas Bancorp (NASDAQ:PLBC - Free Report) by 354.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,979 shares of the financial services provider's stock after acquiring an additional 26,500 shares during the quarter. Albert D Mason Inc. owned approximately 0.57% of Plumas Bancorp worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Citadel Advisors LLC raised its holdings in Plumas Bancorp by 64.1% in the 4th quarter. Citadel Advisors LLC now owns 9,187 shares of the financial services provider's stock valued at $434,000 after buying an additional 3,587 shares during the period. Angel Oak Capital Advisors LLC purchased a new stake in Plumas Bancorp in the 4th quarter valued at about $1,026,000. Renaissance Technologies LLC raised its holdings in Plumas Bancorp by 42.8% in the 4th quarter. Renaissance Technologies LLC now owns 18,999 shares of the financial services provider's stock valued at $898,000 after buying an additional 5,699 shares during the period. Putney Financial Group LLC purchased a new stake in Plumas Bancorp in the 4th quarter valued at about $571,000. Finally, Raymond James Financial Inc. purchased a new stake in Plumas Bancorp in the 4th quarter valued at about $899,000. Institutional investors and hedge funds own 41.68% of the company's stock.

Plumas Bancorp Stock Down 4.7%

NASDAQ:PLBC traded down $2.07 on Friday, reaching $42.08. 16,032 shares of the company's stock were exchanged, compared to its average volume of 12,011. The firm has a market capitalization of $249.49 million, a price-to-earnings ratio of 8.78 and a beta of 0.62. The business has a fifty day moving average of $43.00 and a 200-day moving average of $44.77. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $51.33.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. The company had revenue of $21.50 million for the quarter, compared to analyst estimates of $20.62 million. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. During the same period in the prior year, the firm earned $1.05 earnings per share. As a group, equities analysts anticipate that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. Plumas Bancorp's dividend payout ratio (DPR) is presently 24.29%.

Insiders Place Their Bets

In other news, Director Michael Kevin Foster bought 581 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $43.99 per share, for a total transaction of $25,558.19. Following the completion of the purchase, the director now owns 1,581 shares of the company's stock, valued at approximately $69,548.19. This represents a 58.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price objective on shares of Plumas Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th.

Plumas Bancorp 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.