De Lisle Partners LLP Takes Position in Plumas Bancorp $PLBC

De Lisle Partners LLP acquired a new position in shares of Plumas Bancorp (NASDAQ:PLBC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 227,798 shares of the financial services provider’s stock, valued at approximately $13,318,000. Plumas Bancorp comprises about 1.5% of De Lisle Partners LLP’s investment portfolio, making the stock its 12th largest holding.

A number of other large investors have also recently bought and sold shares of PLBC. Blue Trust Inc. purchased a new position in Plumas Bancorp during the first quarter worth $40,000. Abound Financial LLC acquired a new stake in shares of Plumas Bancorp during the fourth quarter valued at $43,000. BNP Paribas Financial Markets increased its position in Plumas Bancorp by 33.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Plumas Bancorp by 623.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Plumas Bancorp in the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 41.68% of the company’s stock.

Plumas Bancorp Price Performance

PLBC opened at $61.50 on Friday. The company’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $54.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. Plumas Bancorp has a 1 year low of $39.80 and a 1 year high of $64.00. The stock has a market capitalization of $428.04 million, a PE ratio of 12.11 and a beta of 0.60.

Plumas Bancorp (NASDAQ:PLBC) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Plumas Bancorp had a net margin of 27.39% and a return on equity of 15.41%. The firm had revenue of $28.76 million during the quarter, compared to analyst estimates of $28.02 million. As a group, sell-side analysts expect that Plumas Bancorp will post 5.71 EPS for the current year.

Plumas Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.32 annualized dividend and a dividend yield of 2.1%. Plumas Bancorp’s payout ratio is currently 25.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PLBC shares. Piper Sandler lifted their price target on shares of Plumas Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of Plumas Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $66.00 price target on shares of Plumas Bancorp in a research note on Thursday, July 16th. Stephens lifted their price objective on Plumas Bancorp from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded Plumas Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $66.33.

Plumas Bancorp Company Profile

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.