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

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

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

Plumas Bancorp Stock Down 0.1 %

PLBC traded down $0.05 during midday trading on Thursday, hitting $35.18. 4,254 shares of the company traded hands, compared to its average volume of 6,683. The firm has a market capitalization of $207.35 million, a PE ratio of 7.36 and a beta of 0.71. The company’s 50-day moving average is $35.29 and its 200 day moving average is $36.33. Plumas Bancorp has a 52 week low of $31.77 and a 52 week high of $45.00.

Institutional Investors Weigh In On Plumas Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of 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 valued at $426,000 after purchasing an additional 2,856 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Plumas Bancorp by 15.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,247 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 433 shares in the last quarter. Albert D Mason Inc. increased its holdings 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 acquiring an additional 392 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Plumas Bancorp in the 4th quarter worth approximately $114,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Plumas Bancorp in the 3rd quarter worth approximately $42,000. Hedge funds and other 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.