Marshall Wace LLP Acquires Shares of 8,561 Plumas Bancorp (NASDAQ:PLBC)

Marshall Wace LLP bought a new stake in Plumas Bancorp (NASDAQ:PLBC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing 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 about 0.15% of Plumas Bancorp at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Plumas Bancorp in the fourth quarter valued at approximately $32,000. SG Americas Securities LLC purchased a new position in shares of Plumas Bancorp in the fourth quarter worth $105,000. Wells Fargo & Company MN boosted its position in 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 valued at $152,000 after buying an additional 703 shares during the period. Jane Street Group LLC grew its holdings in 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 increased its position 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 valued at $292,000 after acquiring an additional 5,249 shares during the period. 41.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler dropped their target price on shares of Plumas Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James reiterated an "outperform" rating and issued a $54.00 price objective (up from $49.00) on shares of Plumas Bancorp in a research report on Thursday, January 30th.

Insider Buying and Selling

In other Plumas Bancorp news, Director Michael Kevin Foster bought 1,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $45.67 per share, for a total transaction of $45,670.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company's stock, valued at approximately $45,670. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by company insiders.

Plumas Bancorp Price Performance

PLBC stock traded up $0.19 during trading on Tuesday, reaching $44.02. The company had a trading volume of 7,986 shares, compared to its average volume of 11,544. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The business has a 50 day moving average of $42.68 and a 200 day moving average of $44.90. The company has a market cap of $260.60 million, a P/E ratio of 9.19 and a beta of 0.65.

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

Plumas Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, May 1st. Plumas Bancorp's dividend payout ratio is presently 24.29%.

About Plumas Bancorp

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.