Plumas Bancorp (NASDAQ:PLBC) saw a significant increase in short interest in May. As of May 29th, there was short interest totalling 3,300 shares, an increase of 135.7% from the May 14th total of 1,400 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Several institutional investors have recently bought and sold shares of the company. UBS Group AG raised its position in Plumas Bancorp by 23.6% in the 4th quarter. UBS Group AG now owns 4,449 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 849 shares during the last quarter. HNP Capital LLC acquired a new position in Plumas Bancorp in the first quarter valued at $170,000. Morgan Stanley raised its holdings in shares of Plumas Bancorp by 59.4% in the first quarter. Morgan Stanley now owns 14,936 shares of the financial services provider’s stock valued at $276,000 after buying an additional 5,564 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Plumas Bancorp by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 13,780 shares of the financial services provider’s stock worth $364,000 after buying an additional 2,180 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Plumas Bancorp by 6.7% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 30,120 shares of the financial services provider’s stock worth $795,000 after buying an additional 1,900 shares during the period. 21.12% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet lowered Plumas Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, March 31st.
PLBC stock traded down $0.50 during midday trading on Thursday, reaching $21.36. 490 shares of the company were exchanged, compared to its average volume of 8,521. The company has a market cap of $108.70 million, a price-to-earnings ratio of 7.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 0.89. Plumas Bancorp has a 1-year low of $15.00 and a 1-year high of $29.23. The stock’s 50-day simple moving average is $18.70 and its 200 day simple moving average is $22.62.
Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.63 EPS for the quarter. Plumas Bancorp had a net margin of 31.62% and a return on equity of 18.00%. The firm had revenue of $11.45 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.12 per share. This is a positive change from Plumas Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, April 30th. This represents a $0.48 annualized dividend and a dividend yield of 2.25%.
Plumas Bancorp Company Profile
Plumas Bancorp operates as the 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 offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits.
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