Plumas Bancorp (NASDAQ:PLBC) Rating Increased to Hold at StockNews.com

Plumas Bancorp (NASDAQ:PLBC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, Raymond James raised their target price on shares of Plumas Bancorp from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th.

Plumas Bancorp Stock Down 0.1 %

Shares of NASDAQ PLBC traded down $0.05 during mid-day trading on Thursday, reaching $35.18. 4,254 shares of the company were exchanged, compared to its average volume of 6,683. The company’s 50-day simple moving average is $35.29 and its 200-day simple moving average is $36.33. The stock has a market capitalization of $207.35 million, a P/E ratio of 7.36 and a beta of 0.71. Plumas Bancorp has a twelve month low of $31.77 and a twelve month high of $45.00.

Institutional Trading of Plumas Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Plumas Bancorp by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,312 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 809 shares in the last quarter. BNP Paribas Financial Markets increased its position in Plumas Bancorp by 32.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,570 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 2,856 shares in the last quarter. Albert D Mason Inc. increased its position in Plumas Bancorp by 5.9% during 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in 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 worth $119,000 after purchasing an additional 433 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Plumas Bancorp during the 4th quarter worth approximately $114,000. Institutional investors own 41.68% of the company’s stock.

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.