Trading was light with 400 shares changing hands on Tuesday. Volume was down 90.40% under the stocks average daily volume.
Short traders are more bullish on shares of Plumas Bancorp recently as evidenced by the fall in short interest. The stock recorded a fall in short interest of -82.76% as of the latest report on October 13, 2017. Short interest fell 7,966 over that timeframe. Days to cover decreased -1.0 to 1.0 and the short interest percentage is 0.00% as of October 13.
Here is a rundown on some insider market activity for Plumas Bancorp (NASDAQ:PLBC). Richard Francis Kenny, Director disclosed the purchase of 1,260 shares of PLBC stock. The shares were bought on August 29th for an average price of $19.88. Kenny now owns $25,049 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (PLBC). As of quarter end River Oaks Capital LLC had bought a total of 23,228 shares growing its holdings by 79.0%. The value in dollars went from $535,000 to $1,121,000 a change of 109.5% quarter over quarter. Spark Investment Management LLC downsized its stake by shedding 1,300 shares a decrease of 11.4% from 03/31/2017 to 06/30/2017. Spark Investment Management LLC now controls 10,100 shares with a value of $215,000. The value of the position overall is up by 3.9%.
Ubs Group Ag cut its holdings by selling 2,261 shares a decrease of 62.8%. Ubs Group Ag owns 1,339 shares worth $29,000. The total value of its holdings decreased 56.1%. As of the end of the quarter Context Bh Capital Management, Lp had acquired 1,000 shares growing its position 2.5%. The value of the investment in Plumas Bancorp increased from $741,000 to $889,000 increasing 20.0% for the reporting period.
In the market the company is trading up from yesterday’s close of $21.65. Additionally the company declared a dividend for shareholders to be paid on Wednesday November 15th, 2017. The dividend payment will be $0.070 per share for the quarter which comes to $0.28 on an annualized basis. This dividend represents a yield of $1.31 which is the dividend as a percentage of the current share price. The ex-dividend date is Tuesday the 31st of October 2017.
Shares of the company are trading at $21.65 which is marginally over the 50 day moving average of $21.08 and slightly over the 200 day moving average of $20.03. The 50 day moving average was up $0.57 or +2.71% and the 200 day average moved up $1.62.
The company currently has a P/E ratio of 12.24 and the market cap is 110.39M.
Plumas Bancorp, launched on January 17, 2002, is a bank holding company. The Business’s primary subsidiary is Plumas Bank. The Bank is a California state-chartered bank. The Federal Deposit Insurance Corporation (the FDIC) up to maximum insurable amounts insures the Bank’s deposit accounts. The Bank’s primary service area covers the Northeastern portion of California, with Lake Tahoe to the South and the Oregon border to the North. The Bank operates through its approximately 10 branch networks, serves the seven contiguous California counties of Plumas, Nevada, Sierra, Placer, Lassen, Modoc and Shasta. The branches are located in the communities of Quincy, Portola, Greenville, Truckee, Fall River Mills, Alturas, Susanville, Chester, Tahoe City, Kings Beach and Redding. The Bank maintains approximately 15 automated teller machines (ATMs) tied in with statewide and national networks. In addition to its branch network, the Bank operates lending offices specializing in government-guaranteed lending in Auburn, California and Beaverton, Oregon, a commercial/agricultural lending office located in Chico, California, and a commercial loan office located in Reno, Nevada. The Bank’s primary business is servicing the banking needs of these communities. The Business’s other subsidiaries are Plumas Statutory Trust I and Plumas Statutory Trust II..