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

Shares of Plumas Bancorp (NASDAQ:PLBC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.60 and traded as high as $47.19. Plumas Bancorp shares last traded at $47.00, with a volume of 17,232 shares traded.

Analyst Ratings Changes

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

Plumas Bancorp Price Performance

The firm has a 50-day moving average of $41.78 and a 200 day moving average of $38.68. The stock has a market capitalization of $277.30 million, a price-to-earnings ratio of 9.85 and a beta of 0.67.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its earnings results 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 net margin of 31.02% and a return on equity of 17.31%. The business had revenue of $24.10 million during the quarter, compared to analysts' expectations of $20.60 million. On average, equities analysts forecast that Plumas Bancorp will post 4.66 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.27 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.30%. Plumas Bancorp's payout ratio is 22.64%.

Insider Activity at Plumas Bancorp

In other news, EVP Bj North sold 2,496 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLBC. Rhumbline Advisers boosted its position 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 valued at $225,000 after acquiring an additional 290 shares during the period. BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 4,938 shares in the last quarter. Jane Street Group LLC boosted its holdings in Plumas Bancorp by 7.9% in 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 period. Barclays PLC increased 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 worth $292,000 after purchasing an additional 5,249 shares during the period. Finally, Fourthstone LLC acquired a new stake in shares of Plumas Bancorp in the third quarter valued at approximately $521,000. Institutional investors and hedge funds 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.