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

Key Points

• Technical breakout: Shares of Plumas Bancorp (PLBC) crossed above their 200‑day moving average ($46.78), trading as high as $51.94 and last at $51.25 on volume of 21,628, remaining above the 50‑day MA of $50.39.
• Analyst sentiment: The stock has a consensus Buy rating with an average price target of $57.67, and Piper Sandler and Stephens recently raised targets to $63 and $60 while keeping overweight ratings.
• Fundamentals and payout: Plumas beat the quarter with EPS $1.38 vs. $1.31 and revenue $28.14M vs. $27.24M, and declared a $0.33 quarterly dividend (annualized $1.32, ~2.6% yield, ~28% payout ratio).

Shares of Plumas Bancorp (NASDAQ:PLBC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.78 and traded as high as $51.94. Plumas Bancorp shares last traded at $51.25, with a volume of 21,628 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on PLBC shares. Piper Sandler raised their price target on Plumas Bancorp from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of Plumas Bancorp in a research note on Monday, December 29th. Wall Street Zen lowered Plumas Bancorp from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Finally, Stephens increased their target price on Plumas Bancorp from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $57.67.

Plumas Bancorp Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $357.21 million, a P/E ratio of 10.86 and a beta of 0.59. The stock has a fifty day moving average of $50.39 and a 200-day moving average of $46.78.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.07. The firm had revenue of $28.14 million for the quarter, compared to analyst estimates of $27.24 million. Plumas Bancorp had a return on equity of 15.68% and a net margin of 26.67%. On average, research analysts anticipate that Plumas Bancorp will post 5.64 EPS for the current year.

Plumas Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.32 annualized dividend and a dividend yield of 2.6%. Plumas Bancorp's payout ratio is 27.97%.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, Director Kenneth Edward Robison III sold 800 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $52.76, for a total transaction of $42,208.00. Following the transaction, the director owned 1,875 shares of the company's stock, valued at $98,925. The trade was a 29.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in shares of Plumas Bancorp by 2.0% during the 4th quarter. AQR Capital Management LLC now owns 11,684 shares of the financial services provider's stock worth $522,000 after buying an additional 226 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Plumas Bancorp by 33.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider's stock worth $53,000 after buying an additional 305 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Plumas Bancorp by 3.5% during the 4th quarter. Renaissance Technologies LLC now owns 11,700 shares of the financial services provider's stock worth $523,000 after buying an additional 395 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Plumas Bancorp by 3.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,674 shares of the financial services provider's stock worth $576,000 after buying an additional 459 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. raised its holdings in shares of Plumas Bancorp by 0.6% during the 4th quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider's stock worth $4,750,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 41.68% of the company's stock.

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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