Insider Selling: Plumas Bancorp (NASDAQ:PLBC) EVP Sells $59,024.00 in Stock

Plumas Bancorp (NASDAQ:PLBCGet Free Report) EVP Aaron M. Boigon sold 1,600 shares of Plumas Bancorp stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $36.89, for a total value of $59,024.00. Following the sale, the executive vice president now directly owns 5,600 shares in the company, valued at $206,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Plumas Bancorp Stock Up 1.3 %

Shares of Plumas Bancorp stock opened at $36.58 on Monday. The firm has a market cap of $214.72 million, a P/E ratio of 7.30 and a beta of 0.73. Plumas Bancorp has a fifty-two week low of $31.02 and a fifty-two week high of $45.31. The business has a 50-day moving average price of $39.15 and a 200 day moving average price of $36.16.

Plumas Bancorp (NASDAQ:PLBCGet Free Report) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.04. The firm had revenue of $20.01 million during the quarter, compared to analyst estimates of $20.00 million. Plumas Bancorp had a return on equity of 23.68% and a net margin of 34.90%. As a group, equities research analysts anticipate that Plumas Bancorp will post 4.8 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.27 dividend. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, January 31st. Plumas Bancorp’s payout ratio is currently 21.56%.

Institutional Trading of Plumas Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of PLBC. Royal Bank of Canada boosted its stake in Plumas Bancorp by 183.8% in the second quarter. Royal Bank of Canada now owns 1,141 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 739 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Plumas Bancorp in the third quarter valued at approximately $42,000. BNP Paribas Arbitrage SNC acquired a new position in Plumas Bancorp in the second quarter valued at approximately $51,000. Barclays PLC acquired a new position in Plumas Bancorp in the first quarter valued at approximately $61,000. Finally, California State Teachers Retirement System acquired a new position in Plumas Bancorp in the second quarter valued at approximately $65,000. 38.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James lifted their target price on Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th.

Read Our Latest Research Report on Plumas Bancorp

About Plumas Bancorp

(Get Free Report)

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.

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