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

Plumas Bancorp (NASDAQ:PLBC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.24 and traded as high as $45.47. Plumas Bancorp shares last traded at $43.71, with a volume of 24,484 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James increased their target price on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd.

Plumas Bancorp Stock Up 3.2 %

The stock has a market capitalization of $266.03 million, a P/E ratio of 9.42 and a beta of 0.67. The company has a 50-day moving average price of $41.11 and a two-hundred day moving average price of $38.24.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.14 by $0.17. The business had revenue of $24.10 million during the quarter, compared to analysts' expectations of $20.60 million. Plumas Bancorp had a return on equity of 17.97% and a net margin of 31.02%. On average, sell-side analysts expect that Plumas Bancorp will post 4.66 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, November 1st. Plumas Bancorp's payout ratio is currently 22.64%.

Insiders Place Their Bets

In other news, EVP Bj North sold 2,496 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.00% of the company's stock.

Institutional Trading of Plumas Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in 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 period. BNP Paribas Financial Markets increased its stake in shares of Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider's stock worth $426,000 after acquiring an additional 2,856 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in Plumas Bancorp during the 1st quarter valued at about $589,000. Bank of New York Mellon Corp boosted its stake in Plumas Bancorp by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider's stock worth $1,058,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. bought a new stake in Plumas Bancorp during the second quarter worth about $1,247,000. Hedge funds and other 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.