Barclays PLC Boosts Stock Holdings in Plumas Bancorp (NASDAQ:PLBC)

Barclays PLC grew its stake in shares of Plumas Bancorp (NASDAQ:PLBC) by 275.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,155 shares of the financial services provider’s stock after buying an additional 5,249 shares during the period. Barclays PLC owned 0.12% of Plumas Bancorp worth $292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLBC. Geode Capital Management LLC grew its position in Plumas Bancorp by 5.2% during the third quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider’s stock valued at $5,033,000 after acquiring an additional 6,075 shares during the period. Jane Street Group LLC grew its holdings in shares of Plumas Bancorp by 7.9% during the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 457 shares during the period. State Street Corp increased its position in Plumas Bancorp by 3.8% during the 3rd 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 in the last quarter. Fourthstone LLC purchased a new position in Plumas Bancorp in the third quarter valued at approximately $521,000. Finally, De Lisle Partners LLP raised its holdings in Plumas Bancorp by 61.5% in the third quarter. De Lisle Partners LLP now owns 149,779 shares of the financial services provider’s stock valued at $6,068,000 after buying an additional 57,051 shares during the period. 41.68% of the stock is currently owned by institutional investors and hedge funds.

Plumas Bancorp Stock Performance

Plumas Bancorp stock opened at $46.94 on Tuesday. The firm has a market capitalization of $276.81 million, a PE ratio of 9.84 and a beta of 0.71. Plumas Bancorp has a one year low of $32.50 and a one year high of $51.33. The stock’s 50 day moving average price is $47.24 and its 200 day moving average price is $42.76.

Plumas Bancorp (NASDAQ:PLBC) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.14. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. On average, analysts forecast that Plumas Bancorp will post 4.72 earnings per share for the current fiscal year.

Plumas Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, February 3rd. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 25.05%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens began coverage on shares of Plumas Bancorp in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price objective for the company. Raymond James reiterated an “outperform” rating and issued a $49.00 price target (up from $45.00) on shares of Plumas Bancorp in a report on Thursday, January 16th.

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.