Plumas Bancorp (PLBC) to Distribute Quarterly Dividend of $0.33 on August 17th

Plumas Bancorp (NASDAQ:PLBC) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.33 per share by the financial services provider on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, August 3rd.

Plumas Bancorp has increased 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. Research analysts expect Plumas Bancorp to earn $5.89 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 22.4%.

Plumas Bancorp Trading Up 0.2%

Shares of Plumas Bancorp stock opened at $61.31 on Friday. Plumas Bancorp has a 1 year low of $39.70 and a 1 year high of $63.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $57.41 and a 200 day moving average price of $52.88. The company has a market capitalization of $427.33 million, a P/E ratio of 12.07 and a beta of 0.59.

Plumas Bancorp (NASDAQ:PLBC) last announced its earnings results on Wednesday, July 15th. The financial services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $28.76 million for the quarter, compared to analysts’ expectations of $28.02 million. Plumas Bancorp had a return on equity of 15.63% and a net margin of 27.39%. Sell-side analysts anticipate that Plumas Bancorp will post 5.71 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.