Plumas Bancorp (NASDAQ:PLBC) Declares Quarterly Dividend of $0.33

Key Points

• Plumas Bancorp declared a quarterly dividend of $0.33 per share (annualized $1.32), payable May 15 to shareholders of record on May 1, with an indicated yield of about 2.6% (ex-dividend May 1).
• The dividend appears well covered, with a payout ratio of 23.2% and modest dividend growth (raised annually in the past year and up ~0.3% annually over three years); analysts expect ~ $5.53 EPS next year, implying a forecasted payout ratio near 23.9%.
• Plumas beat expectations for the quarter with EPS of $1.38 vs. $1.31 expected and revenue of $28.14M vs. $27.24M, while the stock trades around $51.71 with a P/E of ~11.4 and a market cap of ~$360M.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Friday, May 1st will be given a dividend of 0.33 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, May 1st.

Plumas Bancorp has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Plumas Bancorp has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Plumas Bancorp to earn $5.53 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 23.9%.

Plumas Bancorp Price Performance

Shares of PLBC stock traded down $0.28 on Thursday, reaching $51.71. The company's stock had a trading volume of 58,903 shares, compared to its average volume of 38,804. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. Plumas Bancorp has a 12-month low of $39.70 and a 12-month high of $54.58. The company has a market capitalization of $360.42 million, a P/E ratio of 11.39 and a beta of 0.59. The stock's 50 day simple moving average is $50.51 and its 200-day simple moving average is $46.36.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.07. Plumas Bancorp had a return on equity of 15.32% and a net margin of 26.40%.The company had revenue of $28.14 million for the quarter, compared to the consensus estimate of $27.24 million. As a group, equities analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current fiscal year.

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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