Plumas BancorpPLBC
PLBC
About: Plumas Bancorp is a bank holding company that provides various banking products and services in Northeastern California and Northwestern Nevada. It provides various deposit products such as checking, interest-bearing checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts. The bank's loan portfolio consists of commercial real estate loans; commercial and industrial loans; consumer loans; agricultural loans; residential real estate loans, and construction and land development loans. The bank generates revenue from loans and investment securities in its portfolio and, to a lesser extent, service fees.
Employees: 189
0
Funds holding %
of 6,780 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
18% more capital invested
Capital invested by funds: $84M [Q2] → $99.4M (+$15.4M) [Q3]
3% more funds holding
Funds holding: 59 [Q2] → 61 (+2) [Q3]
1.74% more ownership
Funds ownership: 39.59% [Q2] → 41.33% (+1.74%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
11%
downside
Avg. target
$53
4%
upside
High target
$60
19%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Stephens & Co. Andrew Terrell 100% 1-year accuracy 21 / 21 met price target | 19%upside $60 | Overweight Initiated | 27 Nov 2024 |
Raymond James David Feaster 100% 1-year accuracy 19 / 19 met price target | 11%downside $45 | Outperform Maintained | 2 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
Plumas Bancorp: Loan Growth May Offset Net Interest Margin Compression
Plumas Bancorp is a regional bank focused on commercial real estate in Northern California, Nevada, and Oregon. The bank showed sustained loan growth in Q3 2024 while EPS was impacted by a legal expense. The high exposure to net interest income is likely to result in lower profitability as the Fed cuts rates, partially offset by loan growth.
Neutral
GlobeNewsWire
1 month ago
PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND
RENO, Nev., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank (the “Bank”), today announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable November 15, 2024, to stockholders of record as of November 1, 2024.
Positive
Zacks Investment Research
1 month ago
Plumas Bancorp (PLBC) Q3 Earnings and Revenues Beat Estimates
Plumas Bancorp (PLBC) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.34 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Plumas Bancorp Reports Third Quarter 2024 Earnings
RENO, Nev., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2024 of $7.8 million or $1.33 per share, a decrease of $140 thousand from $8.0 million or $1.36 per share during the third quarter of 2023. Diluted earnings per share decreased to $1.31 per share during the three months ended September 30, 2024 down from $1.34 per share during the quarter ended September 30, 2023. An increase of $1.1 million in net interest income and a decline of $200,000 in the provision for credit losses were offset by increases of $1.4 million in non-interest expense and a decline of $76,000 in the non-interest income. Included in non-interest expense were nonrecurring costs related to a litigation matter totaling $376,000. The annualized return on average assets was 1.84% for the three months ended September 30, 2024, down from 2.00% for the three months ended September 30, 2023. The annualized return on average equity decreased from 24.4% during the third quarter of 2023 to 18.1% during the current quarter.
Neutral
GlobeNewsWire
2 months ago
Key Industry Accolades Highlight Plumas Bank's Stability & Performance Through Economic Fluctuations
RENO, Nev., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Plumas Bank, a wholly-owned subsidiary of Plumas Bancorp, has recently been honored with multiple prestigious awards acknowledging its exceptional performance in serving clients, investors, and communities in northeastern California and northern Nevada.
Neutral
GlobeNewsWire
2 months ago
Plumas Bank Releases 2024 Corporate Citizenship Report
Findings detail bank's commitment to the communities in which it operates Findings detail bank's commitment to the communities in which it operates
Positive
Zacks Investment Research
3 months ago
Are Investors Undervaluing Plumas Bancorp (PLBC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
4 months ago
Plumas Bancorp (PLBC) Now Trades Above Golden Cross: Time to Buy?
Plumas Bancorp (PLBC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PLBC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Positive
Zacks Investment Research
4 months ago
Plumas Bancorp (PLBC) Upgraded to Buy: What Does It Mean for the Stock?
Plumas Bancorp (PLBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
GlobeNewsWire
4 months ago
Plumas Bancorp Reports Second Quarter 2024 Earnings
RENO, Nev., July 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2024 of $6.8 million or $1.15 per share, an increase of $126 thousand from $6.7 million or $1.14 per share during the second quarter of 2023. Diluted earnings per share increased to $1.14 per share during the three months ended June 30, 2024 up from $1.12 per share during the quarter ended June 30, 2023.
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