Richard L. Belstock Buys 300 Shares of Plumas Bancorp (NASDAQ:PLBC) Stock

Plumas Bancorp (NASDAQ:PLBC) CFO Richard L. Belstock acquired 300 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $42.70 per share, with a total value of $12,810.00. Following the transaction, the chief financial officer now owns 47,135 shares of the company’s stock, valued at approximately $2,012,664.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Plumas Bancorp Stock Performance

NASDAQ:PLBC opened at $40.35 on Friday. Plumas Bancorp has a one year low of $32.50 and a one year high of $45.00. The firm has a 50-day simple moving average of $40.53 and a 200-day simple moving average of $37.78. The firm has a market cap of $238.07 million, a P/E ratio of 8.46 and a beta of 0.68.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly 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. 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 17.97%. On average, research analysts predict that Plumas Bancorp will post 4.66 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, November 1st. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Analysts Set New Price Targets

Separately, Raymond James lifted their price objective 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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PLBC. Elizabeth Park Capital Advisors Ltd. purchased a new stake in Plumas Bancorp during the 2nd quarter worth approximately $1,247,000. Vanguard Group Inc. increased its position in shares of Plumas Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock worth $10,310,000 after purchasing an additional 1,862 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 2,856 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Plumas Bancorp during the 1st quarter worth $589,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Plumas Bancorp by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock worth $2,847,000 after buying an additional 4,838 shares in the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.

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.