Plumas Bancorp (NASDAQ:PLBC) Sees Large Increase in Short Interest

Plumas Bancorp (NASDAQ:PLBC) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 5,600 shares, an increase of 47.4% from the May 30th total of 3,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 1.4 days.

In other Plumas Bancorp news, EVP Bj North sold 6,400 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $24.84, for a total value of $158,976.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in shares of Plumas Bancorp by 14.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,663 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 454 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Plumas Bancorp by 24.5% during the fourth quarter. Deutsche Bank AG now owns 10,709 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 2,105 shares in the last quarter. Context BH Capital Management LP boosted its position in shares of Plumas Bancorp by 8.4% during the fourth quarter. Context BH Capital Management LP now owns 56,974 shares of the financial services provider’s stock worth $1,294,000 after purchasing an additional 4,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Plumas Bancorp by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,629 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 6,305 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Plumas Bancorp by 189.1% during the fourth quarter. BlackRock Inc. now owns 13,809 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 9,033 shares in the last quarter. 21.72% of the stock is currently owned by institutional investors.



PLBC stock remained flat at $$24.11 during midday trading on Friday. 5,558 shares of the company’s stock were exchanged, compared to its average volume of 1,944. Plumas Bancorp has a 1 year low of $20.51 and a 1 year high of $28.15. The firm has a market cap of $124.24 million, a PE ratio of 8.67 and a beta of 0.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $24.29.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.73 earnings per share for the quarter. The company had revenue of $11.35 million for the quarter. Plumas Bancorp had a net margin of 32.54% and a return on equity of 22.23%.

Plumas Bancorp Company Profile

Plumas Bancorp operates as the 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 offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits.

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