Plumas Bancorp (NASDAQ:PLBC) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Plumas Bancorp (NASDAQ:PLBC) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,150 shares of the financial services provider’s stock after purchasing an additional 4,838 shares during the period. Dimensional Fund Advisors LP owned approximately 1.34% of Plumas Bancorp worth $2,847,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of Plumas Bancorp by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 290 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Plumas Bancorp by 15.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider’s stock worth $119,000 after buying an additional 433 shares during the period. Vanguard Group Inc. grew its holdings in shares of Plumas Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 280,244 shares of the financial services provider’s stock valued at $10,310,000 after buying an additional 1,862 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 valued at $1,058,000 after buying an additional 2,036 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Plumas Bancorp by 32.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 2,856 shares in the last quarter. 41.68% of the stock is currently owned by institutional investors.

Plumas Bancorp Trading Down 0.7 %

NASDAQ PLBC opened at $38.53 on Friday. Plumas Bancorp has a 1-year low of $32.50 and a 1-year high of $45.00. The firm’s fifty day simple moving average is $39.75 and its 200-day simple moving average is $37.37. The company has a market capitalization of $227.17 million, a PE ratio of 8.06 and a beta of 0.68.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $20.61 million during the quarter, compared to the consensus estimate of $20.00 million. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. As a group, analysts predict that Plumas Bancorp will post 4.47 EPS for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.80%. Plumas Bancorp’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analyst Weigh In

Separately, 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.

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.