Allworth Financial LP Has $167,000 Stock Position in Plumas Bancorp (NASDAQ:PLBC)

Allworth Financial LP lessened its holdings in shares of Plumas Bancorp (NASDAQ:PLBC) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,103 shares of the financial services provider’s stock after selling 647 shares during the quarter. Allworth Financial LP’s holdings in Plumas Bancorp were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Plumas Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 290 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Plumas Bancorp by 32.8% in the first quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,856 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Plumas Bancorp during the first quarter worth $589,000. Bank of New York Mellon Corp raised its holdings in shares of Plumas Bancorp by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 29,394 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 2,036 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. bought a new stake in Plumas Bancorp in the 2nd quarter valued at $1,247,000. 41.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James increased their target price on Plumas Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd.

Plumas Bancorp Stock Performance

Shares of Plumas Bancorp stock opened at $42.36 on Thursday. Plumas Bancorp has a 52-week low of $32.50 and a 52-week high of $45.00. The business’s 50 day simple moving average is $40.70 and its 200 day simple moving average is $37.92. The firm has a market cap of $249.92 million, a PE ratio of 8.92 and a beta of 0.68.

Plumas Bancorp (NASDAQ:PLBC) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. Plumas Bancorp had a net margin of 31.02% and a return on equity of 17.97%. The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $20.60 million. As a group, equities research analysts predict that Plumas Bancorp will post 4.66 EPS for the current year.

Plumas Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.55%. Plumas Bancorp’s dividend payout ratio is 22.64%.

Insider Activity

In related news, EVP Bj North sold 2,496 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.55, for a total transaction of $106,204.80. The transaction was disclosed in a document filed with the SEC, which is available at 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.