Elizabeth Park Capital Advisors Ltd. Grows Position in Plumas Bancorp (NASDAQ:PLBC)

Elizabeth Park Capital Advisors Ltd. lifted its position in Plumas Bancorp (NASDAQ:PLBC - Free Report) by 46.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,778 shares of the financial services provider's stock after purchasing an additional 16,110 shares during the period. Plumas Bancorp comprises approximately 2.0% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 29th biggest holding. Elizabeth Park Capital Advisors Ltd. owned about 0.86% of Plumas Bancorp worth $2,400,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Plumas Bancorp by 533.8% in the third 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 during the last quarter. State Street Corp lifted its holdings in Plumas Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 68,879 shares of the financial services provider's stock worth $2,809,000 after buying an additional 2,526 shares during the period. Jane Street Group LLC grew its position in shares of 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 buying an additional 457 shares during the last quarter. Barclays PLC increased its stake in shares of Plumas Bancorp by 275.4% during 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 period. Finally, Geode Capital Management LLC raised its holdings in shares of Plumas Bancorp by 5.2% during the third quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider's stock valued at $5,033,000 after acquiring an additional 6,075 shares in the last quarter. 41.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLBC. Piper Sandler started coverage on shares of Plumas Bancorp in a report on Thursday, February 27th. They issued an "overweight" rating and a $60.00 price target on the stock. Raymond James reaffirmed an "outperform" rating and set a $54.00 target price (up previously from $49.00) on shares of Plumas Bancorp in a research note on Thursday, January 30th.

Insider Buying and Selling at Plumas Bancorp

In related news, Director Michael Kevin Foster purchased 1,000 shares of Plumas Bancorp stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $45.67 per share, for a total transaction of $45,670.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company's stock, valued at $45,670. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is owned by company insiders.

Plumas Bancorp Stock Performance

Shares of PLBC traded down $0.26 on Friday, reaching $39.77. The stock had a trading volume of 1,667 shares, compared to its average volume of 10,811. Plumas Bancorp has a 12-month low of $32.50 and a 12-month high of $51.33. The firm has a market capitalization of $235.44 million, a price-to-earnings ratio of 8.29 and a beta of 0.55. The company has a 50-day simple moving average of $43.91 and a 200-day simple moving average of $44.66.

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

Plumas Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Monday, February 3rd. This is a positive change from Plumas Bancorp's previous quarterly dividend of $0.27. Plumas Bancorp's dividend payout ratio (DPR) is 25.05%.

Plumas Bancorp Company Profile

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.