Barclays PLC Has $292,000 Stake in Plumas Bancorp (NASDAQ:PLBC)

Barclays PLC boosted its holdings in shares of Plumas Bancorp (NASDAQ:PLBC) by 275.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,155 shares of the financial services provider’s stock after buying an additional 5,249 shares during the quarter. Barclays PLC owned about 0.12% of Plumas Bancorp worth $292,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 290 shares during the last quarter. BNP Paribas Financial Markets grew 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 purchasing an additional 4,938 shares during the last quarter. Jane Street Group LLC grew its position in shares of Plumas Bancorp by 7.9% in the third 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 during the last quarter. Fourthstone LLC acquired a new stake in shares of Plumas Bancorp in the third quarter valued at about $521,000. Finally, Bank of New York Mellon Corp grew its position in shares of Plumas Bancorp by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,036 shares during the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Bj North sold 2,496 shares of Plumas Bancorp stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total value of $106,204.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.00% of the company’s stock.

Plumas Bancorp Stock Up 0.4 %

PLBC stock opened at $46.20 on Monday. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33. The company has a market cap of $272.44 million, a PE ratio of 9.69 and a beta of 0.71. The business’s 50-day simple moving average is $46.85 and its 200 day simple moving average is $41.88.

Plumas Bancorp (NASDAQ:PLBC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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 business had revenue of $24.10 million for the quarter, compared to the consensus estimate of $20.60 million. On average, equities research analysts anticipate that Plumas Bancorp will post 4.72 EPS for the current year.

Plumas Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, November 1st. Plumas Bancorp’s dividend payout ratio is 22.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLBC shares. Stephens started coverage on Plumas Bancorp in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price target on the stock. Raymond James lifted their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd.

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.