Raymond James Reaffirms 'Outperform' Rating for Plumas Bancorp

On February 2nd, 2025, Raymond James reaffirmed their "outperform" rating for Plumas Bancorp, trading under the ticker symbol PLBC on NASDAQ. This statement was made in a recent research report shared with investors. The firm has adjusted its price target for Plumas Bancorp's stock, increasing it from $49.00 to $54.00.

In another related note, Stephens initiated coverage on Plumas Bancorp on November 27th, 2024, giving the stock an "overweight" rating along with a target price of $60.00.

Stock Performance Overview

When the market opened on Thursday, shares of Plumas Bancorp were priced at $45.60, representing a decline of 3.5%. The stock’s 50-day moving average stands at $47.26 and its 200-day moving average at $43.37. Over the past year, the stock has experienced fluctuations, with a low of $32.50 and a high of $51.33. Based on the latest data, Plumas Bancorp holds a market capitalization of approximately $269.04 million, a P/E ratio of 9.52, and a beta value of 0.71.

On January 15th, 2025, Plumas Bancorp released its earnings report, revealing earnings per share (EPS) of $1.29 for the quarter, surpassing the analysts’ consensus estimate of $1.15 by $0.14. The company achieved a return on equity of 16.88% and a net margin of 30.74%. Analysts have predicted that Plumas Bancorp will report an EPS of 4.75 for the current fiscal year.

Dividend Announcement

Plumas Bancorp recently announced a quarterly dividend, which is scheduled to be paid on February 17th, 2025. Shareholders who are on record as of February 3rd, 2025, will receive a dividend of $0.30 per share. This marks an increase from the previous quarterly dividend of $0.27, bringing the annualized dividend to $1.20 with a yield of 2.63%. The ex-dividend date is set for February 3rd, 2025, with a dividend payout ratio of 22.55%.

Institutional Investor Activity

Recent activity among institutional investors shows that several have adjusted their holdings in Plumas Bancorp. Notably, Albert D Mason Inc. raised its stake by 4.0% during the fourth quarter, now owning 7,479 shares valued at approximately $353,000. Jane Street Group LLC increased its ownership by 7.9% in the third quarter, bringing its total to 6,206 shares valued at $253,000 after acquiring an additional 457 shares. Additionally, SG Americas Securities LLC initiated a new position during the fourth quarter worth around $105,000. Other firms, including State Street Corp and JPMorgan Chase & Co., have also increased their investments in Plumas Bancorp, which is now about 41.68% owned by institutional investors and hedge funds.

About Plumas Bancorp

Plumas Bancorp serves as the holding company for Plumas Bank, providing an array of banking services and products to small and mid-sized businesses and individual customers, primarily in Northeastern California and Northwestern Nevada. Their offerings include various types of deposit accounts such as checking, savings, time deposits, public funds sweeps, and retirement accounts.

Stocks, Investment, Earnings