Fourthstone LLC Makes New $521,000 Investment in Plumas Bancorp (NASDAQ:PLBC)

Fourthstone LLC acquired a new position in shares of Plumas Bancorp (NASDAQ:PLBC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,771 shares of the financial services provider’s stock, valued at approximately $521,000. Fourthstone LLC owned about 0.22% of Plumas Bancorp at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Elizabeth Park Capital Advisors Ltd. purchased a new stake in Plumas Bancorp in the 2nd quarter valued at $1,247,000. Vanguard Group Inc. increased its stake in Plumas Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock valued at $10,310,000 after purchasing an additional 1,862 shares during the period. Kennedy Capital Management LLC purchased a new stake in shares of Plumas Bancorp in the first quarter valued at about $589,000. Dimensional Fund Advisors LP boosted its stake in shares of Plumas Bancorp by 6.5% during the second 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 during the period. Finally, De Lisle Partners LLP boosted its stake in shares of Plumas Bancorp by 61.5% during the third quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider’s stock worth $6,068,000 after buying an additional 57,051 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Trading Up 3.0 %

Shares of PLBC stock traded up $1.46 during mid-day trading on Thursday, reaching $49.46. The stock had a trading volume of 11,425 shares, compared to its average volume of 9,602. The company has a market cap of $291.81 million, a P/E ratio of 10.37 and a beta of 0.67. Plumas Bancorp has a 12-month low of $32.50 and a 12-month high of $49.74. The business has a 50-day simple moving average of $42.84 and a 200 day simple moving average of $39.37.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. The firm had revenue of $24.10 million for the quarter, compared to analyst estimates of $20.60 million. Research analysts anticipate that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.08 annualized dividend and a yield of 2.18%. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Insiders Place Their Bets

In other news, EVP Bj North sold 2,496 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PLBC. Raymond James lifted their target price on Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Stephens initiated coverage on shares of Plumas Bancorp in a research report on Wednesday. They issued an “overweight” rating and a $60.00 price objective on the 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.