Angel Oak Capital Advisors LLC Purchases Shares of 21,700 Plumas Bancorp (NASDAQ:PLBC)

Angel Oak Capital Advisors LLC purchased a new stake in shares of Plumas Bancorp (NASDAQ:PLBC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,700 shares of the financial services provider's stock, valued at approximately $1,026,000. Plumas Bancorp accounts for about 1.4% of Angel Oak Capital Advisors LLC's holdings, making the stock its 12th largest holding. Angel Oak Capital Advisors LLC owned approximately 0.37% of Plumas Bancorp at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Plumas Bancorp during the fourth quarter valued at approximately $105,000. BNP Paribas Financial Markets boosted its stake in Plumas Bancorp by 533.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider's stock worth $239,000 after purchasing an additional 4,938 shares in the last quarter. Jane Street Group LLC boosted its stake in Plumas Bancorp by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider's stock worth $253,000 after purchasing an additional 457 shares in the last quarter. Barclays PLC grew its position in Plumas Bancorp by 275.4% during the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider's stock worth $292,000 after purchasing an additional 5,249 shares during the last quarter. Finally, Albert D Mason Inc. increased its stake in Plumas Bancorp by 4.0% during the 4th quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 41.68% of the company's stock.

Insider Activity

In other news, Director Michael Kevin Foster bought 1,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $45.67 per share, with a total value of $45,670.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $45,670. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.00% of the company's stock.

Wall Street Analysts Forecast Growth

PLBC has been the subject of a number of research reports. Raymond James reaffirmed an "outperform" rating and set a $54.00 price target (up previously from $49.00) on shares of Plumas Bancorp in a research report on Thursday, January 30th. Stephens assumed coverage on Plumas Bancorp in a research note on Wednesday, November 27th. They issued an "overweight" rating and a $60.00 price objective for the company.

Plumas Bancorp Price Performance

Plumas Bancorp stock traded down $0.71 during midday trading on Friday, reaching $44.24. The company had a trading volume of 6,812 shares, compared to its average volume of 10,650. Plumas Bancorp has a 12-month low of $32.50 and a 12-month high of $51.33. The company has a market capitalization of $261.02 million, a P/E ratio of 9.24 and a beta of 0.70. The firm's fifty day simple moving average is $46.23 and its 200-day simple moving average is $43.80.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. On average, analysts expect that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.71%. This is a positive change from Plumas Bancorp's previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 3rd. Plumas Bancorp's payout ratio is presently 25.05%.

About Plumas Bancorp

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.