Plumas Bancorp (NASDAQ:PLBC) Short Interest Up 17.9% in November

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 21,700 shares, an increase of 17.9% from the November 15th total of 18,400 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is currently 1.6 days.

Insider Buying and Selling

In other news, EVP Bj North sold 2,496 shares of the firm's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total transaction of $106,204.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Plumas Bancorp

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider's stock worth $225,000 after purchasing an additional 290 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Plumas Bancorp by 533.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider's stock worth $239,000 after buying an additional 4,938 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Plumas Bancorp by 7.9% during the third quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider's stock valued at $253,000 after buying an additional 457 shares during the period. Barclays PLC raised its holdings in shares of Plumas Bancorp by 275.4% during the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 5,249 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in Plumas Bancorp in the third quarter worth $521,000. Hedge funds and other institutional investors own 41.68% of the company's stock.

Analysts Set New Price Targets

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

Plumas Bancorp Stock Up 0.6 %

Shares of NASDAQ PLBC traded up $0.28 during midday trading on Monday, reaching $49.14. The company had a trading volume of 10,118 shares, compared to its average volume of 9,516. The stock has a market cap of $289.78 million, a PE ratio of 10.30 and a beta of 0.70. Plumas Bancorp has a one year low of $32.50 and a one year high of $51.33. The firm's fifty day moving average price is $44.84 and its 200-day moving average price is $40.59.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. The firm had revenue of $24.10 million during the quarter, compared to the consensus estimate of $20.60 million. As a group, equities research analysts expect that Plumas Bancorp will post 4.72 EPS for the current year.

Plumas Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, November 1st. Plumas Bancorp's dividend payout ratio (DPR) is presently 22.64%.

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.

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