4 hours Ago By Defense World Staff
Renaissance Technologies LLC increased its stake in Plumas Bancorp ( NASDAQ:PLBC – Free Report ) by 42.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,999 shares of the financial services provider’s stock after purchasing an additional 5,699 shares during the quarter.
Renaissance Technologies LLC owned approximately 0.32% of Plumas Bancorp worth $898,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Angel Oak Capital Advisors LLC bought a new position in Plumas Bancorp during the fourth quarter worth $1,026,000. Raymond James Financial Inc. acquired a new stake in Plumas Bancorp in the 4th quarter worth $899,000.
Elizabeth Park Capital Advisors Ltd. grew its position in Plumas Bancorp by 46.5% in the 4th quarter.
Elizabeth Park Capital Advisors Ltd. now owns 50,778 shares of the financial services provider’s stock worth $2,400,000 after purchasing an additional 16,110 shares during the last quarter. JPMorgan Chase & Co.
grew its position in Plumas Bancorp by 185.4% in the 4th quarter. JPMorgan Chase & Co.
now owns 21,750 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 14,128 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in 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 purchasing an additional 6,075 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets PLBC has been the topic of several research analyst reports. 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. Piper Sandler decreased their price target on shares of Plumas Bancorp from $60.00 to $59.
00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Insider Activity In other Plumas Bancorp news, Director Michael Kevin Foster bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $45.
67 per share, for a total transaction of $45,670.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $45,670.
The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website . 9.
00% of the stock is owned by company insiders. Plumas Bancorp Stock Performance Shares of Plumas Bancorp stock opened at $44.09 on Thursday.
The firm’s 50-day simple moving average is $42.75 and its 200-day simple moving average is $44.81.
Plumas Bancorp has a twelve month low of $32.50 and a twelve month high of $51.33.
The firm has a market cap of $261.01 million, a P/E ratio of 9.20 and a beta of 0.
55. Plumas Bancorp ( NASDAQ:PLBC – Get Free Report ) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.
20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07.
Plumas Bancorp had a net margin of 30.74% and a return on equity of 16.88%.
The business had revenue of $21.50 million for the quarter, compared to analyst estimates of $20.62 million.
During the same period in the previous year, the business earned $1.05 EPS. On average, equities analysts forecast that Plumas Bancorp will post 4.
51 earnings per share for the current fiscal year. Plumas Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.
30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.
20 annualized dividend and a dividend yield of 2.72%. Plumas Bancorp’s dividend payout ratio (DPR) is currently 24.
29%. Plumas Bancorp Company Profile ( Free Report ) 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.
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