Plumas Bancorp (NASDAQ:PLBC) Sees Significant Increase in Short Interest

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 26,500 shares, a growth of 22.1% from the November 30th total of 21,700 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLBC. Stephens assumed coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They set an "overweight" rating and a $60.00 price objective for the company. Raymond James boosted their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd.

Insider Activity at Plumas Bancorp

In other news, EVP Bj North sold 2,496 shares of the business'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 Securities & Exchange Commission, which can be accessed through this hyperlink. 9.00% of the stock is currently owned by company insiders.

Institutional Trading of Plumas Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of PLBC. Rhumbline Advisers grew its holdings in shares of Plumas Bancorp by 4.9% during the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider's stock worth $225,000 after buying an additional 290 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Plumas Bancorp by 533.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider's stock worth $239,000 after acquiring an additional 4,938 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Plumas Bancorp by 7.9% during the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider's stock worth $253,000 after acquiring an additional 457 shares in the last quarter. Barclays PLC grew its stake in shares of 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 acquiring an additional 5,249 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Plumas Bancorp by 129.8% in the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider's stock worth $311,000 after purchasing an additional 4,305 shares in the last quarter. Institutional investors and hedge funds own 41.68% of the company's stock.

Plumas Bancorp Trading Up 0.2 %

Shares of NASDAQ:PLBC traded up $0.10 during trading on Tuesday, hitting $47.26. 3,968 shares of the company's stock traded hands, compared to its average volume of 9,640. The company has a 50-day moving average price of $46.57 and a 200-day moving average price of $41.68. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The company has a market cap of $278.69 million, a price-to-earnings ratio of 9.91 and a beta of 0.70.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.17. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. The firm had revenue of $24.10 million for the quarter, compared to analyst estimates of $20.60 million. On average, analysts predict that Plumas Bancorp will post 4.72 earnings per share for the current fiscal year.

Plumas Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, November 1st. Plumas Bancorp's payout ratio is presently 22.64%.

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.