Plumas Bancorp (NASDAQ:PLBC) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Plumas Bancorp (NASDAQ:PLBC) posted its earnings results on Wednesday. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17, Zacks reports. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. The firm had revenue of $24.10 million during the quarter, compared to the consensus estimate of $20.60 million.

Plumas Bancorp Stock Performance

Shares of NASDAQ PLBC opened at $42.78 on Friday. Plumas Bancorp has a fifty-two week low of $32.50 and a fifty-two week high of $45.00. The company has a market cap of $252.23 million, a price-to-earnings ratio of 8.95 and a beta of 0.68. The business’s 50 day moving average price is $39.95 and its 200-day moving average price is $37.53.

Plumas Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.52%. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.59%.

Analysts Set New Price Targets

Separately, Raymond James increased their price objective on shares of Plumas Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd.

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.