Jane Street Group LLC Boosts Stock Position in Plumas Bancorp (NASDAQ:PLBC)

Jane Street Group LLC raised its stake in shares of Plumas Bancorp (NASDAQ:PLBC) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,206 shares of the financial services provider’s stock after acquiring an additional 457 shares during the period. Jane Street Group LLC’s holdings in Plumas Bancorp were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLBC. Rhumbline Advisers raised its stake in Plumas Bancorp by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 290 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of 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 worth $239,000 after buying an additional 4,938 shares in the last quarter. Fourthstone LLC purchased a new position in shares of Plumas Bancorp during the 3rd quarter worth approximately $521,000. Bank of New York Mellon Corp raised its stake in shares of Plumas Bancorp by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 2,036 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. purchased a new position in shares of Plumas Bancorp during the 2nd quarter worth approximately $1,247,000. 41.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in 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 price target on the stock. Raymond James upped their price target on shares of Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd.

Insider Buying and Selling at Plumas Bancorp

In other news, EVP Bj North sold 2,496 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.00% of the stock is owned by insiders.

Plumas Bancorp Stock Down 2.7 %

Plumas Bancorp stock opened at $42.40 on Friday. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $51.33. The firm’s 50-day simple moving average is $47.01 and its 200 day simple moving average is $42.24. The firm has a market capitalization of $250.03 million, a PE ratio of 8.89 and a beta of 0.71.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.14 by $0.17. The business had revenue of $24.10 million for the quarter, compared to analyst estimates of $20.60 million. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. On average, research analysts expect that Plumas Bancorp will post 4.72 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a yield of 2.55%. Plumas Bancorp’s dividend payout ratio (DPR) is 22.64%.

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.