Plumas Bancorp (NASDAQ:PLBC) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Plumas Bancorp (NASDAQ:PLBC) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.14, Zacks reports. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%.

Plumas Bancorp Stock Performance

Shares of NASDAQ PLBC opened at $44.11 on Wednesday. The firm’s 50 day moving average price is $47.10 and its 200-day moving average price is $42.44. The company has a market cap of $260.12 million, a PE ratio of 9.25 and a beta of 0.71. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $51.33.

Insider Transactions at Plumas Bancorp

In other news, EVP Bj North sold 2,496 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.55, for a total value of $106,204.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stephens assumed coverage on shares of Plumas Bancorp in a research report on Wednesday, November 27th. They set an “overweight” rating and a $60.00 price target on the stock. Raymond James boosted their price target 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.