Plumas Bancorp (PLBC) to Release Quarterly Earnings on Wednesday

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) will be announcing its earnings results on Wednesday, April 17th.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.04. Plumas Bancorp had a net margin of 34.90% and a return on equity of 22.70%. The firm had revenue of $20.01 million for the quarter, compared to analyst estimates of $20.00 million. On average, analysts expect Plumas Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Plumas Bancorp Trading Up 0.0 %

PLBC traded up $0.01 during trading on Tuesday, reaching $34.93. 1,305 shares of the company's stock were exchanged, compared to its average volume of 6,711. The firm has a fifty day moving average price of $35.21 and a two-hundred day moving average price of $36.23. Plumas Bancorp has a one year low of $31.77 and a one year high of $45.00. The stock has a market capitalization of $205.74 million, a PE ratio of 6.97 and a beta of 0.73.

Plumas Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.27 dividend. This is a positive change from Plumas Bancorp's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, January 31st. Plumas Bancorp's dividend payout ratio is currently 21.56%.

Insider Activity at Plumas Bancorp

In related news, EVP Aaron M. Boigon sold 1,600 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $36.89, for a total transaction of $59,024.00. Following the transaction, the executive vice president now owns 5,600 shares in the company, valued at approximately $206,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Plumas Bancorp by 183.8% during the second quarter. Royal Bank of Canada now owns 1,141 shares of the financial services provider's stock worth $40,000 after buying an additional 739 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Plumas Bancorp during the second quarter worth $51,000. Barclays PLC acquired a new position in Plumas Bancorp during the first quarter worth $61,000. California State Teachers Retirement System acquired a new position in Plumas Bancorp during the second quarter worth $65,000. Finally, Wells Fargo & Company MN raised its holdings in Plumas Bancorp by 6,094.1% during the second quarter. Wells Fargo & Company MN now owns 2,106 shares of the financial services provider's stock worth $75,000 after buying an additional 2,072 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price objective on shares of Plumas Bancorp from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, January 19th.

Plumas Bancorp Company 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.