Plumas Bancorp (PLBC) to Release Quarterly Earnings on Wednesday

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, April 16th. Analysts expect Plumas Bancorp to post earnings of $1.13 per share and revenue of $20.62 million for the quarter.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect Plumas Bancorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Plumas Bancorp Stock Down 0.1 %

Shares of PLBC traded down $0.05 during midday trading on Friday, reaching $39.98. 5,699 shares of the stock were exchanged, compared to its average volume of 10,854. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33. The stock's 50 day simple moving average is $43.79 and its 200 day simple moving average is $44.68. The company has a market cap of $236.68 million, a P/E ratio of 8.35 and a beta of 0.55.

Plumas Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were given a dividend of $0.30 per share. This is an increase from Plumas Bancorp's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Monday, February 3rd. Plumas Bancorp's payout ratio is currently 25.05%.

Analyst Ratings Changes

Several research analysts recently issued reports on PLBC shares. Raymond James reaffirmed 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, January 30th. Piper Sandler began coverage on shares of Plumas Bancorp in a research note on Thursday, February 27th. They set an "overweight" rating and a $60.00 price target for the company.

Insider Buying and Selling at Plumas Bancorp

In other news, Director Michael Kevin Foster acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of $45.67 per share, with a total value of $45,670.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $45,670. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.00% 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.