2,219 Shares in Plumas Bancorp (NASDAQ:PLBC) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Plumas Bancorp (NASDAQ:PLBC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,219 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other large investors have also modified their holdings of PLBC. BNP Paribas Financial Markets increased its stake in Plumas Bancorp by 533.8% during 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 period. Jane Street Group LLC increased its stake in Plumas Bancorp by 7.9% during 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 period. Barclays PLC increased its stake in Plumas Bancorp by 275.4% during 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 period. Albert D Mason Inc. increased its stake in 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 valued at $353,000 after buying an additional 286 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Plumas Bancorp by 129.8% during 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 period. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Trading Down 2.4 %

NASDAQ:PLBC opened at $45.56 on Thursday. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33. The company has a 50-day moving average of $46.84 and a 200-day moving average of $43.61. The firm has a market cap of $268.80 million, a price-to-earnings ratio of 9.51 and a beta of 0.70.

Plumas Bancorp (NASDAQ:PLBC) last posted 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 net margin of 30.74% and a return on equity of 16.88%. On average, research analysts forecast that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.30 per share. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. Plumas Bancorp’s dividend payout ratio (DPR) is 25.05%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PLBC shares. Stephens started coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They set an “overweight” rating and a $60.00 target price on the stock. Raymond James reissued an “outperform” rating and set a $54.00 target price (up previously from $49.00) on shares of Plumas Bancorp in a research note on Thursday, January 30th.

Plumas Bancorp 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.