Plumas Bancorp (NASDAQ:PLBC) EVP Sells $73,800.00 in Stock

Key Points

• Executive vice president Kevin Craig Kaiser sold 1,200 Plumas Bancorp shares at an average price of $61.50, totaling $73,800 and reducing his direct holdings by 62.53% to 719 shares.
• Plumas Bancorp’s latest quarterly results exceeded expectations, with EPS of $1.41 versus the $1.37 estimate and revenue of $28.76 million. Analysts collectively rate the stock “Buy,” with an average price target of $66.33.
• The company pays a quarterly dividend of $0.33, equivalent to $1.32 annually and a 2.2% yield; institutional investors and hedge funds own 41.68% of outstanding shares.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) EVP Kevin Craig Kaiser sold 1,200 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $61.50, for a total transaction of $73,800.00. Following the completion of the sale, the executive vice president directly owned 719 shares of the company's stock, valued at $44,218.50. The trade was a 62.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Plumas Bancorp Trading Down 0.8%

PLBC traded down $0.48 during mid-day trading on Wednesday, hitting $61.06. The stock had a trading volume of 73,643 shares, compared to its average volume of 49,063. The stock's fifty day simple moving average is $60.07 and its 200-day simple moving average is $54.52. The firm has a market capitalization of $424.98 million, a price-to-earnings ratio of 12.02 and a beta of 0.60. Plumas Bancorp has a 1-year low of $39.80 and a 1-year high of $64.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86.

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

Plumas Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Plumas Bancorp's payout ratio is presently 25.98%.

Analyst Ratings Changes

A number of research firms have recently commented on PLBC. Raymond James Financial reaffirmed an "outperform" rating and set a $66.00 price target on shares of Plumas Bancorp in a research report on Thursday, July 16th. Stephens increased their target price on Plumas Bancorp from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Piper Sandler raised their target price 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. Wall Street Zen raised shares of Plumas Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Plumas Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $66.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PLBC. AQR Capital Management LLC increased its position in shares of Plumas Bancorp by 2.0% during the 4th quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider's stock worth $522,000 after purchasing an additional 226 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Plumas Bancorp by 33.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider's stock valued at $53,000 after buying an additional 305 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Plumas Bancorp by 3.5% in the 4th quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider's stock valued at $523,000 after buying an additional 395 shares during the last quarter. Caldwell Sutter Capital Inc. grew its stake in shares of Plumas Bancorp by 0.6% in the fourth quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider's stock valued at $4,750,000 after buying an additional 599 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Plumas Bancorp by 12.6% in the first quarter. Bank of America Corp DE now owns 5,828 shares of the financial services provider's stock valued at $285,000 after buying an additional 650 shares in the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.

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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