Short Interest in Plumas Bancorp (NASDAQ:PLBC) Rises By 15.5%

Plumas Bancorp (NASDAQ:PLBC) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 26,900 shares, an increase of 15.5% from the August 15th total of 23,300 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Elizabeth Park Capital Advisors Ltd. bought a new position in Plumas Bancorp in the 2nd quarter worth about $1,247,000. Dimensional Fund Advisors LP raised its holdings in shares of Plumas Bancorp by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,150 shares of the financial services provider’s stock valued at $2,847,000 after acquiring an additional 4,838 shares in the last quarter. Rhumbline Advisers raised its holdings 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. Bank of New York Mellon Corp raised its holdings in shares of Plumas Bancorp by 7.4% in the 2nd 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 acquiring an additional 2,036 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Plumas Bancorp in the 1st quarter valued at about $589,000. Institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Stock Performance

NASDAQ PLBC traded down $0.42 during trading hours on Monday, hitting $40.90. The company had a trading volume of 23,190 shares, compared to its average volume of 8,046. Plumas Bancorp has a 52 week low of $32.50 and a 52 week high of $45.00. The firm has a 50 day simple moving average of $39.65 and a 200 day simple moving average of $36.66. The firm has a market capitalization of $241.31 million, a price-to-earnings ratio of 8.56 and a beta of 0.68.

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

Plumas Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.27 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.08 annualized dividend and a yield of 2.64%. Plumas Bancorp’s dividend payout ratio is currently 22.59%.

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.