Raymond James Financial Inc. acquired a new position in shares of Plumas Bancorp (NASDAQ:PLBC - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,025 shares of the financial services provider's stock, valued at approximately $899,000. Raymond James Financial Inc. owned about 0.32% of Plumas Bancorp at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in Plumas Bancorp by 7.9% in the third quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider's stock valued at $253,000 after buying an additional 457 shares during the last quarter. Barclays PLC raised its stake in 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 buying an additional 5,249 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Plumas Bancorp by 129.8% in the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider's stock valued at $311,000 after buying an additional 4,305 shares during the last quarter. Albert D Mason Inc. raised its stake in Plumas Bancorp by 4.0% in the fourth quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider's stock valued at $353,000 after buying an additional 286 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Plumas Bancorp in the fourth quarter worth about $105,000. 41.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Plumas Bancorp
In other news, Director Michael Kevin Foster acquired 1,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $45.67 per share, with a total value of $45,670.00. Following the completion of the purchase, the director now owns 1,000 shares of the company's stock, valued at $45,670. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.70% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Raymond James restated an "outperform" rating and issued a $54.00 price objective (up from $49.00) on shares of Plumas Bancorp in a research note on Thursday, January 30th. Piper Sandler reduced their price objective on Plumas Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th.
Check Out Our Latest Research Report on PLBC
Plumas Bancorp Stock Up 1.1%
Shares of NASDAQ PLBC traded up $0.48 during midday trading on Friday, hitting $44.01. The stock had a trading volume of 10,339 shares, compared to its average volume of 11,636. The company has a market capitalization of $260.54 million, a PE ratio of 9.19 and a beta of 0.65. The stock has a 50 day simple moving average of $42.60 and a 200-day simple moving average of $44.93. Plumas Bancorp has a 1 year low of $32.50 and a 1 year high of $51.33.
Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.62 million. During the same quarter last year, the business posted $1.05 earnings per share. As a group, analysts expect that Plumas Bancorp will post 4.51 earnings per share for the current fiscal year.
Plumas Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.30 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. Plumas Bancorp's dividend payout ratio is currently 24.29%.
Plumas Bancorp Company Profile
(
Free Report)
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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