Wells Fargo & Company MN Has $152,000 Holdings in Plumas Bancorp (NASDAQ:PLBC)

Wells Fargo & Company MN increased its holdings in Plumas Bancorp (NASDAQ:PLBC) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the financial services provider’s stock after buying an additional 703 shares during the period. Wells Fargo & Company MN’s holdings in Plumas Bancorp were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Angel Oak Capital Advisors LLC bought a new position in Plumas Bancorp during the 4th quarter worth $1,026,000. JPMorgan Chase & Co. increased its position in shares of Plumas Bancorp by 129.8% in the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 4,305 shares during the period. Barclays PLC raised its stake in Plumas Bancorp by 275.4% in the third quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 5,249 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Plumas Bancorp during the fourth quarter worth about $899,000. Finally, Jane Street Group LLC grew 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 worth $253,000 after buying an additional 457 shares in the last quarter. 41.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLBC shares. Raymond James restated an “outperform” rating and issued a $54.00 target price (up from $49.00) on shares of Plumas Bancorp in a research report on Thursday, January 30th. Piper Sandler cut their target price on Plumas Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th.

Plumas Bancorp Trading Up 1.1 %

Shares of NASDAQ PLBC opened at $44.01 on Friday. The company has a market cap of $260.54 million, a price-to-earnings ratio of 9.19 and a beta of 0.65. Plumas Bancorp has a 12 month low of $32.50 and a 12 month high of $51.33. The stock has a 50-day moving average price of $42.60 and a two-hundred day moving average price of $44.90.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. The business had revenue of $21.50 million during the quarter, compared to the consensus estimate of $20.62 million. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, sell-side analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, May 1st. Plumas Bancorp’s dividend payout ratio (DPR) is 24.29%.

Insider Buying and Selling

In other Plumas Bancorp news, Director Michael Kevin Foster bought 1,000 shares of Plumas Bancorp stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $45.67 per share, with a total value of $45,670.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $45,670. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

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.