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

Plumas Bancorp (NASDAQ:PLBC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.25 and traded as high as $48.44. Plumas Bancorp shares last traded at $47.76, with a volume of 5,389 shares trading hands.

Analyst Upgrades and Downgrades

PLBC has been the topic of several research reports. Raymond James restated an “outperform” rating and issued a $49.00 price target (up from $45.00) on shares of Plumas Bancorp in a research note on Thursday, January 16th. Stephens initiated coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price target on the stock.

Plumas Bancorp Trading Down 0.9 %

The business’s 50 day moving average price is $47.28 and its two-hundred day moving average price is $43.25. The company has a market capitalization of $281.78 million, a price-to-earnings ratio of 9.97 and a beta of 0.71.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share 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%. Analysts expect that Plumas Bancorp will post 4.75 EPS for the current year.

Plumas Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.30 dividend. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Monday, February 3rd. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.55%.

Institutional Investors Weigh In On Plumas Bancorp

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Plumas Bancorp in the 4th quarter valued at approximately $105,000. BNP Paribas Financial Markets raised its holdings 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 valued at $239,000 after buying an additional 4,938 shares during the last quarter. Jane Street Group LLC raised 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 buying an additional 457 shares during the last quarter. Barclays PLC raised its holdings in Plumas Bancorp by 275.4% in the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock valued at $292,000 after buying an additional 5,249 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Plumas Bancorp by 129.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock valued at $311,000 after buying an additional 4,305 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors and hedge funds.

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.