Albert D Mason Inc. Buys 286 Shares of Plumas Bancorp (NASDAQ:PLBC)

Albert D Mason Inc. boosted its stake in shares of Plumas Bancorp (NASDAQ:PLBC) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,479 shares of the financial services provider’s stock after purchasing an additional 286 shares during the quarter. Albert D Mason Inc. owned about 0.13% of Plumas Bancorp worth $353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Plumas Bancorp by 533.8% in the third quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 4,938 shares during the last quarter. Jane Street Group LLC boosted its stake in Plumas Bancorp by 7.9% during the 3rd quarter. Jane Street Group LLC now owns 6,206 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 457 shares during the period. Rhumbline Advisers grew its holdings in 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 buying an additional 290 shares during the last quarter. Barclays PLC grew its holdings in Plumas Bancorp by 275.4% in the 3rd quarter. Barclays PLC now owns 7,155 shares of the financial services provider’s stock valued at $292,000 after buying an additional 5,249 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Plumas Bancorp by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 7,622 shares of the financial services provider’s stock worth $311,000 after buying an additional 4,305 shares during the last quarter. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Stock Up 3.0 %

Plumas Bancorp stock opened at $46.94 on Friday. The business has a 50 day moving average price of $47.20 and a two-hundred day moving average price of $42.57. Plumas Bancorp has a 12 month low of $32.50 and a 12 month high of $51.33. The stock has a market cap of $276.95 million, a price-to-earnings ratio of 9.84 and a beta of 0.71.

Plumas Bancorp (NASDAQ:PLBC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.14. Plumas Bancorp had a return on equity of 17.31% and a net margin of 31.02%. On average, analysts expect that Plumas Bancorp will post 4.72 earnings per share for the current fiscal year.

Plumas Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Plumas Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 3rd. Plumas Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Insider Activity

In other news, EVP Bj North sold 2,496 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stephens initiated coverage on shares of Plumas Bancorp in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $60.00 price objective on the stock. Raymond James restated an “outperform” rating and issued a $49.00 price target (up from $45.00) on shares of Plumas Bancorp in a research report on Thursday.

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.