Insider Selling: Plumas Bancorp (NASDAQ:PLBC) EVP Sells $106,204.80 in Stock

Plumas Bancorp (NASDAQ:PLBC) EVP Bj North sold 2,496 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Plumas Bancorp Trading Down 2.1 %

Shares of Plumas Bancorp stock opened at $42.16 on Friday. The stock has a market capitalization of $248.74 million, a price-to-earnings ratio of 8.84 and a beta of 0.68. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $45.00. The business’s 50 day simple moving average is $40.50 and its 200-day simple moving average is $37.76.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.97% and a net margin of 31.02%. The company had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $20.60 million. Sell-side analysts predict that Plumas Bancorp will post 4.66 earnings per share for the current year.

Plumas Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, November 1st. Plumas Bancorp’s payout ratio is 22.64%.

Analyst Ratings Changes

Separately, Raymond James boosted their price objective on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Plumas Bancorp by 15.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider’s stock worth $119,000 after buying an additional 433 shares during the period. Rhumbline Advisers boosted its position in Plumas Bancorp by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 290 shares during the period. BNP Paribas Financial Markets boosted its position in Plumas Bancorp by 32.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 2,856 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Plumas Bancorp in the first quarter worth $589,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Plumas Bancorp by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,036 shares in the last quarter. Institutional investors own 41.68% of the company’s stock.

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.