Plumas Bancorp (NASDAQ:PLBC) Issues Earnings Results, Beats Expectations By $0.14 EPS

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.

Plumas Bancorp Stock Performance

Shares of NASDAQ PLBC traded up $1.87 during trading hours on Wednesday, hitting $46.60. The stock had a trading volume of 17,864 shares, compared to its average volume of 11,333. The firm's 50-day moving average price is $47.10 and its two-hundred day moving average price is $42.44. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The company has a market capitalization of $274.80 million, a P/E ratio of 9.77 and a beta of 0.71.

Wall Street Analysts Forecast Growth

PLBC has been the subject of a number of recent analyst reports. Stephens began coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They issued an "overweight" rating and a $60.00 price objective for the company. Raymond James raised their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd.

Insider Activity at Plumas Bancorp

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total transaction of $106,204.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 9.00% of the company's stock.

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.