Plumas Bancorp (NASDAQ:PLBC) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Plumas Bancorp's stock price recently crossed above its 200-day moving average of $43.14, indicating potential upward momentum.
• Analysts generally maintain a "Buy" rating for the stock, with a consensus price target of $58.00, despite a recent earnings miss of $1.05 EPS compared to the $1.20 estimate.
• The firm has a quarterly dividend of $0.30 per share, yielding 2.8%, with a payout ratio of 24.74%.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.14 and traded as high as $43.16. Plumas Bancorp shares last traded at $42.46, with a volume of 8,284 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PLBC shares. Raymond James Financial reissued an "outperform" rating and set a $50.00 price objective (up previously from $48.00) on shares of Plumas Bancorp in a research note on Tuesday, July 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Plumas Bancorp in a research note on Saturday, September 27th. Finally, Piper Sandler dropped their price objective on shares of Plumas Bancorp from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Plumas Bancorp currently has a consensus rating of "Buy" and an average price target of $58.00.

Plumas Bancorp Price Performance

The firm's 50 day moving average price is $42.72 and its 200-day moving average price is $43.14. The stock has a market cap of $294.97 million, a P/E ratio of 8.75 and a beta of 0.68.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.15). The firm had revenue of $20.54 million during the quarter, compared to the consensus estimate of $21.00 million. Plumas Bancorp had a return on equity of 15.71% and a net margin of 30.81%.During the same quarter in the prior year, the company posted $1.14 EPS. On average, analysts expect that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 1st. Plumas Bancorp's payout ratio is presently 24.74%.

Insider Activity at Plumas Bancorp

In other news, EVP Aaron M. Boigon sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $41.09, for a total transaction of $61,635.00. Following the completion of the transaction, the executive vice president directly owned 4,100 shares of the company's stock, valued at $168,469. The trade was a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Kevin Foster acquired 749 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were bought at an average cost of $42.56 per share, with a total value of $31,877.44. Following the completion of the acquisition, the director directly owned 2,330 shares of the company's stock, valued at $99,164.80. The trade was a 47.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Plumas Bancorp in the first quarter worth about $103,720,000. Fourthstone LLC bought a new position in shares of Plumas Bancorp during the 2nd quarter valued at approximately $1,277,000. Albert D Mason Inc. increased its holdings in Plumas Bancorp by 354.3% in the 1st quarter. Albert D Mason Inc. now owns 33,979 shares of the financial services provider's stock worth $1,470,000 after acquiring an additional 26,500 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Plumas Bancorp during the 2nd quarter worth approximately $416,000. Finally, Kennedy Capital Management LLC lifted its holdings in Plumas Bancorp by 42.7% during the second quarter. Kennedy Capital Management LLC now owns 27,423 shares of the financial services provider's stock valued at $1,219,000 after purchasing an additional 8,204 shares in the last quarter. 41.68% of the stock is currently owned by institutional investors.

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.

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