Plumas Bancorp Plans Quarterly Dividend of $0.27 (NASDAQ:PLBC)

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.27 per share by the financial services provider on Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, November 1st.

Plumas Bancorp has raised its dividend payment by an average of 40.6% annually over the last three years. Plumas Bancorp has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Plumas Bancorp to earn $4.05 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 26.7%.

Plumas Bancorp Trading Up 0.7 %

PLBC stock traded up $0.31 during trading hours on Friday, hitting $43.09. 10,813 shares of the stock traded hands, compared to its average volume of 8,951. Plumas Bancorp has a one year low of $32.50 and a one year high of $45.00. The company has a market cap of $254.23 million, a P/E ratio of 8.98 and a beta of 0.68. The stock has a 50-day simple moving average of $40.09 and a 200 day simple moving average of $37.57.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.17. The business had revenue of $24.10 million for the quarter, compared to the consensus estimate of $20.60 million. Plumas Bancorp had a net margin of 32.14% and a return on equity of 19.22%. Analysts forecast that Plumas Bancorp will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their price objective on Plumas Bancorp from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd.

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.