Short Interest in Plumas Bancorp (NASDAQ:PLBC) Increases By 15.5%

Plumas Bancorp (NASDAQ:PLBC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 26,900 shares, an increase of 15.5% from the August 15th total of 23,300 shares. Based on an average trading volume of 10,900 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Elizabeth Park Capital Advisors Ltd. bought a new position in shares of Plumas Bancorp in the second quarter valued at approximately $1,247,000. Dimensional Fund Advisors LP lifted its holdings in shares of Plumas Bancorp by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock valued at $2,847,000 after purchasing an additional 4,838 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 290 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Plumas Bancorp by 7.4% in 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. Finally, Kennedy Capital Management LLC bought a new position in shares of Plumas Bancorp in the first quarter valued at approximately $589,000. Institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Stock Down 1.0 %

NASDAQ:PLBC traded down $0.42 on Monday, hitting $40.90. The stock had a trading volume of 23,190 shares, compared to its average volume of 8,046. The business’s fifty day moving average is $39.65 and its 200 day moving average is $36.66. The company has a market cap of $241.31 million, a PE ratio of 8.56 and a beta of 0.68. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $45.00.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. The business had revenue of $20.61 million for the quarter, compared to analyst estimates of $20.00 million. Equities analysts predict that Plumas Bancorp will post 4.47 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.27 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.64%. Plumas Bancorp’s dividend payout ratio is presently 22.59%.

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.