Plumas Bancorp (NASDAQ:PLBC) Rating Lowered to Sell at StockNews.com

Plumas Bancorp (NASDAQ:PLBC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, Raymond James upped their target price on shares of Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th.

Plumas Bancorp Stock Up 0.3 %

PLBC stock traded up $0.09 during midday trading on Thursday, reaching $35.35. 6,053 shares of the company’s stock traded hands, compared to its average volume of 6,821. The company has a market cap of $208.21 million, a price-to-earnings ratio of 7.06 and a beta of 0.73. The firm’s fifty day moving average price is $35.15 and its 200-day moving average price is $36.23. Plumas Bancorp has a 52 week low of $31.77 and a 52 week high of $45.00.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.04. The business had revenue of $20.01 million during the quarter, compared to analyst estimates of $20.00 million. Plumas Bancorp had a net margin of 34.90% and a return on equity of 22.70%. Analysts forecast that Plumas Bancorp will post 4.8 earnings per share for the current year.

Insider Transactions at Plumas Bancorp

In other news, EVP Aaron M. Boigon sold 1,600 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $36.89, for a total value of $59,024.00. Following the completion of the sale, the executive vice president now owns 5,600 shares in the company, valued at approximately $206,584. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.00% of the company’s stock.

Institutional Trading of Plumas Bancorp

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Plumas Bancorp by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,875 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 300 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Plumas Bancorp by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 12,245 shares of the financial services provider’s stock worth $466,000 after buying an additional 321 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Plumas Bancorp by 2.5% in the 4th quarter. First Trust Advisors LP now owns 13,389 shares of the financial services provider’s stock worth $554,000 after buying an additional 327 shares during the last quarter. UBS Group AG boosted its holdings in shares of Plumas Bancorp by 12.4% in the 3rd quarter. UBS Group AG now owns 4,435 shares of the financial services provider’s stock worth $126,000 after buying an additional 490 shares during the last quarter. Finally, Albert D Mason Inc. boosted its holdings in shares of Plumas Bancorp by 8.2% in the 4th quarter. Albert D Mason Inc. now owns 6,628 shares of the financial services provider’s stock worth $274,000 after buying an additional 504 shares during the last quarter. Institutional investors own 41.68% of the company’s stock.

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.