Plumas Bancorp (NASDAQ:PLBC) Stock Price Passes Below 200-Day Moving Average of $36.27

Plumas Bancorp (NASDAQ:PLBC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.27 and traded as low as $34.79. Plumas Bancorp shares last traded at $35.33, with a volume of 11,802 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Plumas Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Plumas Bancorp Stock Performance

The stock has a market cap of $208.45 million, a P/E ratio of 7.39 and a beta of 0.71. The stock’s fifty day moving average is $34.93 and its 200 day moving average is $36.27.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.14). The company had revenue of $19.60 million during the quarter, compared to the consensus estimate of $19.90 million. Plumas Bancorp had a net margin of 33.12% and a return on equity of 20.39%. Equities research analysts predict that Plumas Bancorp will post 4.35 EPS for the current year.

Plumas Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, April 30th. Plumas Bancorp’s payout ratio is 22.59%.

Insider Activity

In other Plumas Bancorp news, EVP Bj North sold 1,136 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $35.02, for a total value of $39,782.72. Following the completion of the sale, the executive vice president now owns 2,496 shares of the company’s stock, valued at $87,409.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Plumas Bancorp news, EVP Bj North sold 1,136 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $35.02, for a total value of $39,782.72. Following the transaction, the executive vice president now owns 2,496 shares of the company’s stock, valued at approximately $87,409.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sushil Amathalal Patel bought 1,374 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $35.63 per share, with a total value of $48,955.62. Following the completion of the transaction, the director now owns 1,374 shares of the company’s stock, valued at approximately $48,955.62. The disclosure for this purchase can be found here. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Plumas Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Plumas Bancorp during the 4th quarter worth $114,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Plumas Bancorp in the fourth quarter worth about $116,000. Albert D Mason Inc. grew its holdings in Plumas Bancorp by 5.9% during the 1st quarter. Albert D Mason Inc. now owns 7,020 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 392 shares in the last quarter. BNP Paribas Financial Markets increased its position in Plumas Bancorp by 55.8% during the 4th quarter. BNP Paribas Financial Markets now owns 8,714 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 3,121 shares during the period. Finally, Kennedy Capital Management LLC bought a new stake in shares of Plumas Bancorp in the 1st quarter valued at about $589,000. 41.68% of the stock is owned by institutional investors.

Plumas Bancorp Company 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.