Plumas Bancorp (NASDAQ:PLBC) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Plumas Bancorp (NASDAQ:PLBC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.25 and traded as high as $48.44. Plumas Bancorp shares last traded at $47.76, with a volume of 5,389 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stephens began coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They set an "overweight" rating and a $60.00 price target on the stock. Raymond James reiterated an "outperform" rating and set a $54.00 target price (up from $49.00) on shares of Plumas Bancorp in a research report on Thursday.

Plumas Bancorp Trading Down 3.5 %

The company has a market cap of $269.04 million, a P/E ratio of 9.52 and a beta of 0.71. The business's 50 day simple moving average is $47.26 and its 200 day simple moving average is $43.37.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. Sell-side analysts anticipate that Plumas Bancorp will post 4.75 EPS for the current year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. This is an increase from Plumas Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. Plumas Bancorp's payout ratio is presently 22.55%.

Institutional Trading of Plumas Bancorp

Institutional investors have recently made changes to their positions in the business. Angel Oak Capital Advisors LLC bought a new position in Plumas Bancorp in the 4th quarter worth approximately $1,026,000. SG Americas Securities LLC purchased a new position in shares of Plumas Bancorp in the fourth quarter worth $105,000. Albert D Mason Inc. boosted its position in shares of Plumas Bancorp by 4.0% during the fourth quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider's stock worth $353,000 after acquiring an additional 286 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Plumas Bancorp by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider's stock valued at $311,000 after acquiring an additional 4,305 shares in the last quarter. Finally, Barclays PLC increased its holdings in Plumas Bancorp by 275.4% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 41.68% of the company's stock.

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.