The stock of Plumas Bancorp (NASDAQ:PLBC) hit a new 52-week high and has $22.37 target or 111.00% above today’s $10.60 share price. The 6 months bullish chart indicates low risk for the $52.01 million company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $22.37 price target is reached, the company will be worth $57.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,335 shares traded hands or 104.34% up from the average. Plumas Bancorp (NASDAQ:PLBC) has risen 20.00% since March 10, 2016 and is uptrending. It has outperformed by 12.48% the S&P500.
Analysts await Plumas Bancorp (NASDAQ:PLBC) to report earnings on October, 19.
According to Zacks Investment Research, “PLUMAS BANCORP is a bank holding company of Plumas Bank. The Company’s principal subsidiary is the Bank, and the Company exists for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish. The other subsidiaries of the Company are Plumas Statutory Trust I and Plumas Statutory Trust II.”
Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 1.50, from 0.5 in 2016Q1. The ratio is positive, as 0 funds sold all Plumas Bancorp shares owned while 3 reduced positions. 1 funds bought stakes while 5 increased positions. They now own 161,186 shares or 3.71% more from 155,417 shares in 2016Q1.
Comml Bank Of America Corporation De last reported 0% of its portfolio in the stock. Courier Corporation holds 0.02% or 10,000 shares in its portfolio. Alliancebernstein Limited Partnership holds 69,333 shares or 0% of its portfolio. Blackrock Fund Advsr holds 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC) for 908 shares. Tower Lc (Trc) has 968 shares for 0% of their US portfolio. Royal Bank & Trust Of Canada has invested 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Morgan Stanley holds 2,227 shares or 0% of its portfolio. Bancorp Of New York Mellon last reported 11,310 shares in the company. Blackrock Investment Management Ltd Limited Liability Company holds 699 shares or 0% of its portfolio. Tci Wealth Inc holds 0.02% of its portfolio in Plumas Bancorp (NASDAQ:PLBC) for 3,497 shares. Acadian Asset Mngmt Lc last reported 403 shares in the company. Raymond James & Assocs last reported 60,835 shares in the company. Wells Fargo Mn holds 0% or 1 shares in its portfolio.
Insider Transactions: Since April 25, 2016, the stock had 2 buys, and 0 selling transactions for $29,180 net activity. 1,000 shares with value of $10,000 were bought by McClintock Robert J on Wednesday, August 31. $19,180 worth of Plumas Bancorp (NASDAQ:PLBC) was bought by Flournoy John on Monday, April 25.
More notable recent Plumas Bancorp (NASDAQ:PLBC) news were published by: Reuters.com which released: “BRIEF-Plumas Bancorp- Ryback appointed to California Community Banking Net…” on September 07, 2016, also Globenewswire.com with their article: “Plumas Bank Agrees to Purchase Redding, California Branch From Rabobank” published on April 21, 2015, Globenewswire.com published: “Plumas Bank’s EVP BJ North Selected to Join International Women’s Forum” on May 26, 2016. More interesting news about Plumas Bancorp (NASDAQ:PLBC) were released by: Globenewswire.com and their article: “Plumas Bank to Open Full-Service Branch in Reno, Nevada” published on February 26, 2015 as well as Globenewswire.com‘s news article titled: “Veteran-Owned Argonaut Brewing Company, Inc. Partners With Plumas Bank to Open …” with publication date: November 19, 2014.
PLBC Company Profile
Plumas Bancorp, incorporated on January 17, 2002, is a bank holding company. The Company’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 Company’s other subsidiaries are Plumas Statutory Trust I and Plumas Statutory Trust II.
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