Plumas Bancorp (NASDAQ:PLBC) Given Outperform Rating at Raymond James

Plumas Bancorp (NASDAQ:PLBC - Get Free Report)'s stock had its "outperform" rating reaffirmed by Raymond James in a report issued on Thursday,Benzinga reports. They currently have a $49.00 price objective on the financial services provider's stock, up from their previous price objective of $45.00. Raymond James' target price would suggest a potential upside of 4.39% from the company's previous close.

Separately, Stephens began coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They issued an "overweight" rating and a $60.00 price target for the company.

Plumas Bancorp Stock Performance

NASDAQ:PLBC traded up $1.36 on Thursday, reaching $46.94. The company's stock had a trading volume of 10,188 shares, compared to its average volume of 10,699. Plumas Bancorp has a 1-year low of $32.50 and a 1-year high of $51.33. The business's 50-day moving average price is $47.20 and its two-hundred day moving average price is $42.57. The firm has a market cap of $276.95 million, a PE ratio of 9.84 and a beta of 0.71.

Plumas Bancorp (NASDAQ:PLBC - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. As a group, sell-side analysts expect that Plumas Bancorp will post 4.72 EPS for the current year.

Insider Buying and Selling at Plumas Bancorp

In other Plumas Bancorp news, EVP Bj North sold 2,496 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 9.00% of the company's stock.

Institutional Trading of Plumas Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Plumas Bancorp by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider's stock worth $6,954,000 after purchasing an additional 9,328 shares during the last quarter. De Lisle Partners LLP grew its stake in shares of Plumas Bancorp by 61.5% in the third quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider's stock valued at $6,068,000 after buying an additional 57,051 shares in the last quarter. Geode Capital Management LLC increased its holdings in Plumas Bancorp by 5.2% during the third quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider's stock worth $5,033,000 after buying an additional 6,075 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Plumas Bancorp by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider's stock worth $2,847,000 after acquiring an additional 4,838 shares in the last quarter. Finally, State Street Corp lifted its stake in Plumas Bancorp by 3.8% in the third quarter. State Street Corp now owns 68,879 shares of the financial services provider's stock valued at $2,809,000 after acquiring an additional 2,526 shares during the last quarter. Institutional investors and hedge funds 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.