Plumas Bancorp (NASDAQ:PLBC) Short Interest Update

Plumas Bancorp (NASDAQ:PLBC) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 10,200 shares, a drop of 20.9% from the May 15th total of 12,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Plumas Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Insider Activity at Plumas Bancorp

In related news, Director Sushil Amathalal Patel purchased 1,374 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $35.63 per share, with a total value of $48,955.62. Following the completion of the acquisition, the director now owns 1,374 shares in the company, valued at approximately $48,955.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Bj North sold 1,136 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $35.02, for a total value of $39,782.72. Following the transaction, the executive vice president now owns 2,496 shares in the company, valued at approximately $87,409.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sushil Amathalal Patel acquired 1,374 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $35.63 per share, with a total value of $48,955.62. Following the completion of the purchase, the director now owns 1,374 shares in the company, valued at approximately $48,955.62. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Plumas Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Albert D Mason Inc. boosted its position in 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 valued at $274,000 after buying an additional 504 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Plumas Bancorp in the fourth quarter valued at $116,000. SG Americas Securities LLC purchased a new position in Plumas Bancorp in the fourth quarter valued at $114,000. BNP Paribas Financial Markets lifted its holdings in Plumas Bancorp by 55.8% during the 4th quarter. BNP Paribas Financial Markets now owns 8,714 shares of the financial services provider’s stock worth $360,000 after buying an additional 3,121 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Plumas Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock worth $10,310,000 after buying an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Stock Performance

Shares of Plumas Bancorp stock traded up $0.12 on Friday, hitting $35.18. The company’s stock had a trading volume of 5,666 shares, compared to its average volume of 4,384. The company has a market capitalization of $207.56 million, a price-to-earnings ratio of 7.36 and a beta of 0.69. The firm has a fifty day moving average price of $35.25 and a 200-day moving average price of $36.50. Plumas Bancorp has a 1 year low of $32.12 and a 1 year high of $45.00.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.14). The company had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $19.90 million. Plumas Bancorp had a return on equity of 20.39% and a net margin of 33.12%. As a group, analysts forecast that Plumas Bancorp will post 4.35 EPS for the current year.

Plumas Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, April 30th. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.59%.

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.