Plumas Bancorp (PLBC) To Go Ex-Dividend on May 1st

Plumas Bancorp (NASDAQ:PLBC) announced a quarterly dividend on Wednesday, April 15th. Investors of record on Friday, May 1st will be paid 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 payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. 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

PLBC stock opened at $51.71 on Friday. The company has a market capitalization of $360.68 million, a P/E ratio of 10.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 0.85. Plumas Bancorp has a 52-week low of $39.70 and a 52-week high of $54.58. The business has a 50-day simple moving average of $50.49 and a two-hundred day simple moving average of $46.40.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.31 by $0.07. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.68%. The firm had revenue of $28.14 million for the quarter, compared to analysts’ expectations of $27.24 million. Research analysts expect that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

About Plumas Bancorp

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.