5 hours Ago By ABMN Staff
Raymond James reiterated their outperform rating on shares of Plumas Bancorp ( NASDAQ:PLBC – Free Report ) in a research report sent to investors on Thursday morning, Benzinga reports. Raymond James currently has a $54.00 price objective on the financial services provider’s stock, up from their previous price objective of $49.
00. Separately, Stephens assumed coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.
00 target price for the company. Get Our Latest Stock Report on PLBC Plumas Bancorp Trading Down 3.5 % Plumas Bancorp ( NASDAQ:PLBC – Get Free Report ) last posted its earnings results 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 return on equity of 16.88% and a net margin of 30.
74%. On average, sell-side analysts forecast that Plumas Bancorp will post 4.75 EPS for the current fiscal year.
Plumas Bancorp Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.30 per share.
This represents a $1.20 dividend on an annualized basis and a yield of 2.63%.
The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.27.
Plumas Bancorp’s dividend payout ratio (DPR) is 22.55%. Hedge Funds Weigh In On Plumas Bancorp Institutional investors have recently made changes to their positions in the business.
Albert D Mason Inc. increased its stake in shares of Plumas Bancorp by 4.0% in 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 last quarter. Jane Street Group LLC raised its stake in shares of Plumas Bancorp by 7.
9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 457 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Plumas Bancorp during the fourth quarter worth about $105,000.
State Street Corp lifted its position in shares of Plumas Bancorp by 3.8% during the third quarter. State Street Corp now owns 68,879 shares of the financial services provider’s stock worth $2,809,000 after purchasing an additional 2,526 shares during the last quarter.
Finally, JPMorgan Chase & Co. grew its stake in Plumas Bancorp by 129.8% in the third quarter.
JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 4,305 shares in the last quarter. 41.
68% of the stock is owned by institutional investors and hedge funds. 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.
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