Plumas Bancorp (NASDAQ:PLBC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Plumas Bancorp (NASDAQ:PLBC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.51 and traded as high as $46.31. Plumas Bancorp shares last traded at $45.35, with a volume of 10,267 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James reissued 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. Stephens started coverage on Plumas Bancorp in a report on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price objective on the stock.

Plumas Bancorp Trading Down 3.1 %

The company’s fifty day moving average is $47.06 and its 200-day moving average is $43.51. The firm has a market capitalization of $267.57 million, a P/E ratio of 9.47 and a beta of 0.70.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%. On average, equities research analysts anticipate that Plumas Bancorp will post 4.55 EPS for the current year.

Plumas Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a $0.30 dividend. 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 2.65%. The ex-dividend date of this dividend is Monday, February 3rd. Plumas Bancorp’s payout ratio is currently 22.55%.

Institutional Investors Weigh In On Plumas Bancorp

Several hedge funds have recently modified their holdings of PLBC. Albert D Mason Inc. increased its holdings in shares of Plumas Bancorp by 4.0% during the 4th quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 286 shares during the period. Jane Street Group LLC increased its stake in Plumas Bancorp by 7.9% during the third quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 457 shares during the period. SG Americas Securities LLC acquired a new position in Plumas Bancorp in the 4th quarter valued at approximately $105,000. State Street Corp lifted its position in shares of Plumas Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 68,879 shares of the financial services provider’s stock worth $2,809,000 after acquiring an additional 2,526 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Plumas Bancorp by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 29,184 shares of the financial services provider’s stock worth $1,379,000 after acquiring an additional 3,760 shares during the period. 41.68% of the stock is owned by institutional investors.

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.