De Lisle Partners LLP Buys 57,051 Shares of Plumas Bancorp (NASDAQ:PLBC)

De Lisle Partners LLP boosted its stake in shares of Plumas Bancorp (NASDAQ:PLBC) by 61.5% during the third quarter, Holdings Channel.com reports. The firm owned 149,779 shares of the financial services provider’s stock after purchasing an additional 57,051 shares during the quarter. Plumas Bancorp makes up about 1.0% of De Lisle Partners LLP’s investment portfolio, making the stock its 24th biggest position. De Lisle Partners LLP’s holdings in Plumas Bancorp were worth $6,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers increased its position in Plumas Bancorp by 4.9% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Plumas Bancorp by 533.8% during the third quarter. BNP Paribas Financial Markets now owns 5,863 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 4,938 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Plumas Bancorp during the 1st quarter valued at approximately $589,000. Bank of New York Mellon Corp boosted 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 during the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of Plumas Bancorp in the second quarter worth $1,247,000. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stephens started coverage on shares of Plumas Bancorp in a research report on Wednesday. They set an “overweight” rating and a $60.00 target price for the company. Raymond James upped their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd.

Plumas Bancorp Price Performance

PLBC opened at $49.46 on Thursday. The firm has a fifty day moving average price of $42.84 and a 200 day moving average price of $39.37. Plumas Bancorp has a 1 year low of $32.50 and a 1 year high of $49.74. The stock has a market cap of $291.81 million, a P/E ratio of 10.37 and a beta of 0.67.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.31%. The business had revenue of $24.10 million during the quarter, compared to the consensus estimate of $20.60 million. Equities analysts expect that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. Plumas Bancorp’s dividend payout ratio is currently 22.64%.

Insider Buying and Selling 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 stock was sold at an average price of $42.55, for a total transaction of $106,204.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is owned by corporate insiders.

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.