Plumas Bancorp (NASDAQ:PLBC) Coverage Initiated at StockNews.com

Published by Ann Thompson on

Research analysts at StockNews.com started coverage on shares of Plumas Bancorp (NASDAQ:PLBC – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Plumas Bancorp Stock Performance

NASDAQ PLBC opened at $27.95 on Monday. The stock has a market capitalization of $163.37 million, a PE ratio of 7.14 and a beta of 0.61. The business has a 50 day simple moving average of $30.25 and a two-hundred day simple moving average of $31.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.81 and a quick ratio of 0.81. Plumas Bancorp has a 1-year low of $26.48 and a 1-year high of $41.30.

Plumas Bancorp (NASDAQ:PLBC – Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.96 EPS for the quarter. The company had revenue of $16.09 million for the quarter. Plumas Bancorp had a return on equity of 18.68% and a net margin of 36.69%.

Insider Buying and Selling at Plumas Bancorp

In other news, EVP Bj North sold 7,706 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $30.46, for a total value of $234,724.76. Following the transaction, the executive vice president now directly owns 7,475 shares of the company’s stock, valued at $227,688.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Plumas Bancorp

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Plumas Bancorp by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 42,247 shares of the financial services provider’s stock worth $1,428,000 after purchasing an additional 994 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in Plumas Bancorp by 24.4% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 188,188 shares of the financial services provider’s stock worth $6,359,000 after purchasing an additional 36,904 shares during the period. Private Wealth Group LLC acquired a new stake in Plumas Bancorp in the first quarter valued at approximately $533,000. HNP Capital LLC purchased a new stake in shares of Plumas Bancorp during the 1st quarter worth $381,000. Finally, Raymond James & Associates lifted its holdings in Plumas Bancorp by 1.7% during the 1st quarter. Raymond James & Associates now owns 48,196 shares of the financial services provider’s stock worth $1,836,000 after buying an additional 828 shares during the last quarter. 31.89% of the stock is owned by hedge funds and other institutional investors.

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.

 

Categories: BUSINESS