Plumas Bancorp (NASDAQ:PLBC) Announces Earnings Results

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.07, Zacks reports. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. The company had revenue of $21.50 million during the quarter, compared to analyst estimates of $20.62 million. During the same period in the prior year, the business posted $1.05 EPS.

Plumas Bancorp Price Performance

Shares of PLBC traded up $1.19 during trading hours on Friday, hitting $41.08. 11,966 shares of the company were exchanged, compared to its average volume of 11,015. The company has a market capitalization of $243.19 million, a PE ratio of 8.58 and a beta of 0.55. The firm has a fifty day simple moving average of $43.22 and a 200-day simple moving average of $44.62. Plumas Bancorp has a one year low of $32.50 and a one year high of $51.33.

Plumas Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. Plumas Bancorp's dividend payout ratio (DPR) is presently 24.29%.

Insider Transactions at Plumas Bancorp

In other news, Director Michael Kevin Foster purchased 1,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.00% of the stock is owned by insiders.

Analyst Ratings Changes

PLBC has been the subject of a number of research reports. Piper Sandler decreased their price target on Plumas Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday. 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.

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.