The stock of Plumas Bancorp (NASDAQ:PLBC) hit a new 52-week high and has $36.27 target or 131.00% above today’s $15.70 share price. The 8 months bullish chart indicates low risk for the $90.02M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $36.27 price target is reached, the company will be worth $117.93 million 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 15,548 shares traded hands. Plumas Bancorp (NASDAQ:PLBC) has risen 64.21% since April 19, 2016 and is uptrending. It has outperformed by 60.35% the S&P500.
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 2.5 in 2016 Q2. Its up 0.50, from 2 in 2016Q1. The ratio improved, 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.
Tci Wealth has 3,497 shares for 0.02% of their US portfolio. Royal Comml Bank Of Canada last reported 0% of its portfolio in the stock. Moreover, Acadian Asset Management Ltd Liability Com has 0% invested in Plumas Bancorp (NASDAQ:PLBC) for 403 shares. Tower Research Capital Limited Liability Com (Trc) has invested 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Blackrock Fund has 0% invested in the company for 908 shares. Blackrock Invest Mgmt Ltd Llc, a New Jersey-based fund reported 699 shares. The Florida-based Raymond James & Associate has invested 0% in Plumas Bancorp (NASDAQ:PLBC). Morgan Stanley last reported 0% of its portfolio in the stock. Courier Cap accumulated 0.02% or 10,000 shares. Wells Fargo And Comm Mn last reported 1 shares in the company. Savings Bank Of Ny Mellon Corp holds 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC) for 11,310 shares. The New York-based Alliancebernstein L P has invested 0% in Plumas Bancorp (NASDAQ:PLBC). Moreover, Bank & Trust Of America Corp De has 0% invested in Plumas Bancorp (NASDAQ:PLBC) for 5 shares.
Insider Transactions: Since August 31, 2016, the stock had 1 buy, and 0 selling transactions for $10,000 net activity. On Wednesday, August 31 the insider McClintock Robert J bought $10,000.
More notable recent Plumas Bancorp (NASDAQ:PLBC) news were published by: Reuters.com which released: “BRIEF-Plumas Bancorp reinstates semi-annual cash dividend” on October 20, 2016, also Globenewswire.com with their article: “Plumas Bancorp Reports Highest Quarterly Earnings In Its History” published on October 18, 2016, Nasdaq.com published: “Plumas Bancorp Reinstates Semi-Annual Cash Dividend” on October 20, 2016. More interesting news about Plumas Bancorp (NASDAQ:PLBC) were released by: Seekingalpha.com and their article: “Plumas Bank: Under The Radar And Brimming With Potential” published on July 24, 2016 as well as Globenewswire.com‘s news article titled: “Plumas Bank Agrees to Purchase Redding, California Branch From Rabobank” with publication date: April 21, 2015.
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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