Albert D Mason Inc. Purchases 26,500 Shares of Plumas Bancorp (NASDAQ:PLBC)

Albert D Mason Inc. lifted its position in shares of Plumas Bancorp (NASDAQ:PLBC) by 354.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 33,979 shares of the financial services provider’s stock after purchasing an additional 26,500 shares during the quarter. Albert D Mason Inc.’s holdings in Plumas Bancorp were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Plumas Bancorp during the fourth quarter valued at approximately $105,000. Angel Oak Capital Advisors LLC bought a new stake in shares of Plumas Bancorp during the fourth quarter valued at approximately $1,026,000. Bank of New York Mellon Corp increased its position in shares of Plumas Bancorp by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 29,184 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 3,760 shares during the period. Raymond James Financial Inc. bought a new position in shares of Plumas Bancorp during the 4th quarter worth approximately $899,000. Finally, Picton Mahoney Asset Management acquired a new stake in Plumas Bancorp in the 4th quarter valued at $32,000. 41.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on Plumas Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th.

Plumas Bancorp Stock Up 1.2%

Shares of Plumas Bancorp stock opened at $44.15 on Friday. Plumas Bancorp has a 12 month low of $32.50 and a 12 month high of $51.33. The business has a fifty day simple moving average of $42.99 and a 200 day simple moving average of $44.81. The stock has a market cap of $261.77 million, a PE ratio of 9.22 and a beta of 0.62.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.07. The firm had revenue of $21.50 million for the quarter, compared to analyst estimates of $20.62 million. Plumas Bancorp had a return on equity of 16.88% and a net margin of 30.74%. During the same period in the previous year, the company posted $1.05 earnings per share. Analysts expect that Plumas Bancorp will post 4.51 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Plumas Bancorp’s dividend payout ratio (DPR) is 24.29%.

Insider Buying and Selling

In other Plumas Bancorp news, Director Michael Kevin Foster purchased 581 shares of the stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $43.99 per share, with a total value of $25,558.19. Following the completion of the transaction, the director now directly owns 1,581 shares in the company, valued at $69,548.19. This represents a 58.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.70% of the stock is currently owned by corporate insiders.

About Plumas Bancorp

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.