Marshall Wace LLP Makes New Investment in Plumas Bancorp (NASDAQ:PLBC)

Marshall Wace LLP bought a new stake in shares of Plumas Bancorp (NASDAQ:PLBC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,561 shares of the financial services provider's stock, valued at approximately $405,000. Marshall Wace LLP owned approximately 0.15% of Plumas Bancorp at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Plumas Bancorp in the 4th quarter valued at about $32,000. SG Americas Securities LLC acquired a new stake in shares of Plumas Bancorp during the 4th quarter valued at $105,000. Wells Fargo & Company MN boosted its stake in shares of Plumas Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,221 shares of the financial services provider's stock worth $152,000 after acquiring an additional 703 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Plumas Bancorp by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider's stock worth $253,000 after acquiring an additional 457 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Plumas Bancorp by 275.4% during the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider's stock worth $292,000 after purchasing an additional 5,249 shares during the period. Institutional investors and hedge funds own 41.68% of the company's stock.

Plumas Bancorp Price Performance

NASDAQ:PLBC traded down $0.24 during trading hours on Friday, reaching $43.29. The company's stock had a trading volume of 2,953 shares, compared to its average volume of 11,539. The company has a market cap of $256.28 million, a price-to-earnings ratio of 9.04 and a beta of 0.65. Plumas Bancorp has a one year low of $32.50 and a one year high of $51.33. The business's 50-day moving average is $42.60 and its 200-day moving average is $44.89.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $20.62 million. Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%. During the same quarter last year, the company posted $1.05 earnings per share. On average, sell-side analysts predict that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.77%. Plumas Bancorp's dividend payout ratio (DPR) is 24.29%.

Insider Buying and Selling at Plumas Bancorp

In other news, Director Michael Kevin Foster purchased 1,000 shares of Plumas Bancorp stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $45.67 per share, for a total transaction of $45,670.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $45,670. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.70% of the company's stock.

Wall Street Analysts Forecast Growth

PLBC has been the topic of a number of research analyst reports. Raymond James reiterated an "outperform" rating and set a $54.00 price target (up previously from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th. Piper Sandler lowered their price target 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.