SG Americas Securities LLC Acquires Shares of 2,219 Plumas Bancorp (NASDAQ:PLBC)

SG Americas Securities LLC acquired a new stake in shares of Plumas Bancorp (NASDAQ:PLBC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,219 shares of the financial services provider’s stock, valued at approximately $105,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Albert D Mason Inc. boosted its stake in Plumas Bancorp by 4.0% during the 4th quarter. Albert D Mason Inc. now owns 7,479 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 286 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Plumas Bancorp by 129.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 4,305 shares during the last quarter. Barclays PLC lifted its position in shares of Plumas Bancorp by 275.4% in the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock worth $292,000 after buying an additional 5,249 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Plumas Bancorp by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 123,399 shares of the financial services provider’s stock worth $5,033,000 after buying an additional 6,075 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Plumas Bancorp by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock worth $253,000 after buying an additional 457 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors.

Plumas Bancorp Stock Performance

Plumas Bancorp stock opened at $45.56 on Thursday. The firm’s 50-day moving average is $46.84 and its 200-day moving average is $43.61. Plumas Bancorp has a 1 year low of $32.50 and a 1 year high of $51.33. The company has a market cap of $268.80 million, a P/E ratio of 9.51 and a beta of 0.70.

Plumas Bancorp (NASDAQ:PLBC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.14. Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%. As a group, sell-side analysts predict that Plumas Bancorp will post 4.51 earnings per share for the current year.

Plumas Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Plumas Bancorp’s previous quarterly dividend of $0.27. Plumas Bancorp’s dividend payout ratio (DPR) is 25.05%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stephens assumed coverage on shares of 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 restated an “outperform” rating and issued a $54.00 price target (up from $49.00) on shares of Plumas Bancorp in a research report on Thursday, January 30th.

Plumas Bancorp 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.