5 hours Ago By Defense World Staff
Raymond James reaffirmed their outperform rating on shares of Plumas Bancorp ( NASDAQ:PLBC – Free Report ) in a report published on Thursday, Benzinga reports. They currently have a $54.00 target price on the financial services provider’s stock, up from their prior target price of $49.
00. Separately, Stephens initiated coverage on shares of Plumas Bancorp in a report on Wednesday, November 27th. They set an “overweight” rating and a $60.
00 price target for the company. Get Our Latest Stock Analysis on Plumas Bancorp Plumas Bancorp Price Performance Plumas Bancorp ( NASDAQ:PLBC – Get Free Report ) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.
29 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.14.
Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%.
As a group, equities analysts anticipate that Plumas Bancorp will post 4.75 earnings per share for the current fiscal year. Plumas Bancorp Increases Dividend The firm also recently declared 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 is an increase from Plumas Bancorp’s previous quarterly dividend of $0.
27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.
20 annualized dividend and a yield of 2.63%. Plumas Bancorp’s dividend payout ratio is 22.
55%. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently modified their holdings of PLBC. Dimensional Fund Advisors LP raised its stake in shares of Plumas Bancorp by 6.
5% during the 2nd 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. The Manufacturers Life Insurance Company raised its stake in Plumas Bancorp by 5.
8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 170,526 shares of the financial services provider’s stock valued at $6,954,000 after purchasing an additional 9,328 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Plumas Bancorp by 533.
8% in the third quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after buying an additional 4,938 shares during the last quarter. De Lisle Partners LLP lifted its stake in shares of Plumas Bancorp by 61.
5% during the 3rd quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider’s stock worth $6,068,000 after purchasing an additional 57,051 shares during the period. Finally, Fourthstone LLC purchased a new position in Plumas Bancorp during the third quarter worth about $521,000.
41.68% of the stock is currently owned by hedge funds and other institutional investors. About Plumas Bancorp ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Plumas Bancorp What does consumer price index measure? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains 3 REITs to Buy and Hold for the Long Term Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead Are Penny Stocks a Good Fit for Your Portfolio? Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for Plumas Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plumas Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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