Plumas Bancorp (NASDAQ:PLBC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Plumas Bancorp (NASDAQ:PLBC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.41 and traded as high as $50.04. Plumas Bancorp shares last traded at $49.81, with a volume of 22,426 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen upgraded Plumas Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plumas Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler cut their target price on Plumas Bancorp from $64.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Plumas Bancorp presently has an average rating of “Buy” and an average price target of $55.50.

Plumas Bancorp Stock Up 0.6%

The business’s 50-day simple moving average is $45.52 and its two-hundred day simple moving average is $43.44. The firm has a market capitalization of $348.77 million, a price-to-earnings ratio of 11.04 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The firm had revenue of $28.58 million during the quarter, compared to analysts’ expectations of $27.39 million. Plumas Bancorp had a net margin of 26.40% and a return on equity of 16.28%. Sell-side analysts anticipate that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, February 4th. Plumas Bancorp’s payout ratio is currently 26.43%.

Institutional Investors Weigh In On Plumas Bancorp

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Plumas Bancorp by 5.2% in the third quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock valued at $13,221,000 after acquiring an additional 15,080 shares in the last quarter. Siena Capital Partners GP LLC increased its stake in shares of Plumas Bancorp by 30.5% during the third quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock worth $12,370,000 after buying an additional 66,950 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Plumas Bancorp by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 180,291 shares of the financial services provider’s stock valued at $8,016,000 after acquiring an additional 6,637 shares in the last quarter. De Lisle Partners LLP grew its holdings in Plumas Bancorp by 1.2% during the 2nd quarter. De Lisle Partners LLP now owns 166,818 shares of the financial services provider’s stock worth $7,429,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. increased its position in shares of Plumas Bancorp by 0.6% in the 4th quarter. Caldwell Sutter Capital Inc. now owns 106,283 shares of the financial services provider’s stock valued at $4,750,000 after purchasing an additional 599 shares during the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.

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.