Short Interest in Plumas Bancorp (NASDAQ:PLBC) Rises By 15.5%

Plumas Bancorp (NASDAQ:PLBC) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 26,900 shares, an increase of 15.5% from the August 15th total of 23,300 shares. Based on an average trading volume of 10,900 shares, the short-interest ratio is presently 2.5 days.

Plumas Bancorp Price Performance

Shares of NASDAQ:PLBC traded down $0.42 on Monday, hitting $40.90. The company’s stock had a trading volume of 23,190 shares, compared to its average volume of 8,046. The company has a market capitalization of $241.31 million, a PE ratio of 8.56 and a beta of 0.68. Plumas Bancorp has a 1 year low of $32.50 and a 1 year high of $45.00. The company has a 50-day simple moving average of $39.65 and a 200 day simple moving average of $36.66.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $20.61 million for the quarter, compared to analysts’ expectations of $20.00 million. Plumas Bancorp had a return on equity of 19.22% and a net margin of 32.14%. On average, equities research analysts expect that Plumas Bancorp will post 4.47 earnings per share for the current fiscal year.

Plumas Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.64%. Plumas Bancorp’s dividend payout ratio is 22.59%.

Hedge Funds Weigh In On Plumas Bancorp

Large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Plumas Bancorp by 15.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider’s stock valued at $119,000 after buying an additional 433 shares in the last quarter. Rhumbline Advisers increased its stake in Plumas Bancorp by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 6,247 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 290 shares during the period. Albert D Mason Inc. increased its stake in Plumas Bancorp by 5.9% in the 1st quarter. Albert D Mason Inc. now owns 7,020 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 392 shares during the period. BNP Paribas Financial Markets increased its stake in Plumas Bancorp by 55.8% in the 4th quarter. BNP Paribas Financial Markets now owns 8,714 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 3,121 shares during the period. Finally, Kennedy Capital Management LLC purchased a new position in Plumas Bancorp in the 1st quarter worth approximately $589,000. 41.68% of the stock is owned by hedge funds and other institutional investors.

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.