Plumas Bancorp (NASDAQ:PLBC) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.51 and traded as high as $46.31. Plumas Bancorp shares last traded at $45.35, with a volume of 10,267 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stephens assumed coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They issued an "overweight" rating and a $60.00 price objective for the company. Raymond James restated an "outperform" rating and issued a $54.00 price objective (up from $49.00) on shares of Plumas Bancorp in a report on Thursday, January 30th.

Plumas Bancorp Trading Up 1.2 %

The stock has a market cap of $275.41 million, a P/E ratio of 9.75 and a beta of 0.70. The stock's fifty day moving average price is $46.89 and its 200 day moving average price is $43.58.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. As a group, sell-side analysts forecast that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.30 dividend. This is a boost from Plumas Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. Plumas Bancorp's payout ratio is presently 25.05%.

Hedge Funds Weigh In On Plumas Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management purchased a new stake in shares of Plumas Bancorp during the 4th quarter valued at about $32,000. SG Americas Securities LLC purchased a new stake in shares of Plumas Bancorp during the 4th quarter valued at about $105,000. BNP Paribas Financial Markets increased its position in shares of 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 valued at $239,000 after purchasing an additional 4,938 shares during the last quarter. Jane Street Group LLC increased its position 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 valued at $253,000 after purchasing an additional 457 shares during the last quarter. Finally, Barclays PLC increased its position 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 valued at $292,000 after purchasing an additional 5,249 shares during the last quarter. Institutional investors own 41.68% 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.