Plumas Bancorp (NASDAQ:PLBC) Short Interest Down 15.5% in December

Plumas Bancorp (NASDAQ:PLBC) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 22,400 shares, a decline of 15.5% from the December 15th total of 26,500 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 1.7 days.

Plumas Bancorp Price Performance

Plumas Bancorp stock traded up $1.36 during trading on Friday, reaching $46.94. 10,188 shares of the company were exchanged, compared to its average volume of 9,390. The stock’s 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $42.57. The company has a market capitalization of $276.95 million, a P/E ratio of 9.84 and a beta of 0.71. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $51.33.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. As a group, equities analysts forecast that Plumas Bancorp will post 4.72 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.56%. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. Plumas Bancorp’s dividend payout ratio is presently 22.64%.

Insider Transactions at Plumas Bancorp

In related news, EVP Bj North sold 2,496 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Plumas Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Plumas Bancorp during the 4th quarter worth $105,000. Albert D Mason Inc. boosted its stake in Plumas Bancorp by 4.0% during the fourth quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider’s stock worth $353,000 after buying an additional 286 shares during the period. JPMorgan Chase & Co. increased its position in shares of Plumas Bancorp by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 4,305 shares during the last quarter. Barclays PLC raised its stake in shares of Plumas Bancorp by 275.4% in the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 5,249 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Plumas Bancorp by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider’s stock worth $5,033,000 after acquiring an additional 6,075 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

PLBC has been the topic of several recent research reports. Stephens began coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They set an “overweight” rating and a $60.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $49.00 price objective (up previously from $45.00) on shares of Plumas Bancorp in a research note on Thursday.

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.