Plumas Bancorp (NASDAQ:PLBC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its stake in Plumas Bancorp (NASDAQ:PLBC) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,206 shares of the financial services provider’s stock after purchasing an additional 457 shares during the quarter. Jane Street Group LLC owned about 0.11% of Plumas Bancorp worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLBC. Rhumbline Advisers grew its position in Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 290 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Plumas Bancorp by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 2,036 shares during the period. State Street Corp boosted 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 buying an additional 2,526 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Plumas Bancorp by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock valued at $2,847,000 after buying an additional 4,838 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 in the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Bj North sold 2,496 shares of the business’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 Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is owned by company insiders.

Plumas Bancorp Trading Down 2.7 %

Shares of NASDAQ PLBC opened at $42.40 on Friday. Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33. The stock has a fifty day simple moving average of $47.01 and a 200-day simple moving average of $42.24. The stock has a market capitalization of $250.03 million, a PE ratio of 8.89 and a beta of 0.71.

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

Plumas Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Friday, November 1st. Plumas Bancorp’s dividend payout ratio (DPR) is 22.64%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PLBC. Raymond James lifted their price objective 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 began coverage on Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price objective for the company.

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.