Plumas Bancorp (NASDAQ:PLBC) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC trimmed its holdings in Plumas Bancorp (NASDAQ:PLBC - Free Report) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,666 shares of the financial services provider's stock after selling 9,350 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.45% of Plumas Bancorp worth $1,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLBC. Raymond James Financial Inc. acquired a new position in Plumas Bancorp in the fourth quarter valued at $899,000. Renaissance Technologies LLC grew its holdings in shares of Plumas Bancorp by 42.8% during the fourth quarter. Renaissance Technologies LLC now owns 18,999 shares of the financial services provider's stock worth $898,000 after buying an additional 5,699 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. increased its position in Plumas Bancorp by 46.5% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 50,778 shares of the financial services provider's stock valued at $2,400,000 after acquiring an additional 16,110 shares during the period. Wells Fargo & Company MN raised its stake in Plumas Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,221 shares of the financial services provider's stock valued at $152,000 after acquiring an additional 703 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Plumas Bancorp by 185.4% during the 4th quarter. JPMorgan Chase & Co. now owns 21,750 shares of the financial services provider's stock worth $1,028,000 after acquiring an additional 14,128 shares during the period. Hedge funds and other institutional investors own 41.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLBC. Piper Sandler cut 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 restated an "outperform" rating and set a $54.00 price objective (up previously from $49.00) on shares of Plumas Bancorp in a research report on Thursday, January 30th.

Insider Buying and Selling at Plumas Bancorp

In related news, Director Michael Kevin Foster purchased 1,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $45.67 per share, with a total value of $45,670.00. Following the completion of the transaction, the director now owns 1,000 shares of the company's stock, valued at approximately $45,670. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.00% of the stock is currently owned by insiders.

Plumas Bancorp Stock Up 2.9 %

Shares of Plumas Bancorp stock traded up $1.14 during trading on Thursday, reaching $41.03. The company's stock had a trading volume of 4,957 shares, compared to its average volume of 10,986. Plumas Bancorp has a 12-month low of $32.50 and a 12-month high of $51.33. The business has a 50 day moving average price of $43.44 and a 200-day moving average price of $44.61. The company has a market capitalization of $242.90 million, a P/E ratio of 8.57 and a beta of 0.55.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.07. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. The business had revenue of $21.50 million during the quarter, compared to the consensus estimate of $20.62 million. During the same quarter last year, the firm posted $1.05 EPS. Research analysts predict that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.92%. Plumas Bancorp's payout ratio is 25.05%.

Plumas Bancorp 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.