Plumas Bancorp (NASDAQ:PLBC) Short Interest Update

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Plumas Bancorp (NASDAQ:PLBC) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,500 shares, a decrease of 18.6% from the July 31st total of 4,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 1.5 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Maltese Capital Management LLC increased its holdings in Plumas Bancorp by 12.3% in the second quarter. Maltese Capital Management LLC now owns 119,311 shares of the financial services provider’s stock valued at $2,899,000 after purchasing an additional 13,094 shares during the period. White Pine Capital LLC acquired a new stake in Plumas Bancorp in the second quarter valued at $443,000. Vanguard Group Inc. increased its holdings in Plumas Bancorp by 1.8% in the second quarter. Vanguard Group Inc. now owns 131,764 shares of the financial services provider’s stock valued at $3,202,000 after purchasing an additional 2,313 shares during the period. BlackRock Inc. increased its holdings in Plumas Bancorp by 4.2% in the second quarter. BlackRock Inc. now owns 16,491 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 659 shares during the period. Finally, River Oaks Capital LLC increased its holdings in Plumas Bancorp by 3.3% in the second quarter. River Oaks Capital LLC now owns 143,065 shares of the financial services provider’s stock valued at $3,476,000 after purchasing an additional 4,565 shares during the period. Institutional investors and hedge funds own 22.73% of the company’s stock.

Shares of PLBC traded up $0.27 during trading hours on Friday, reaching $21.02. The stock had a trading volume of 3,036 shares, compared to its average volume of 2,332. Plumas Bancorp has a 12 month low of $20.51 and a 12 month high of $27.90. The stock has a market capitalization of $108.87 million, a PE ratio of 7.40 and a beta of 0.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day moving average is $23.19 and its two-hundred day moving average is $24.12.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.73 EPS for the quarter. Plumas Bancorp had a return on equity of 21.35% and a net margin of 32.55%. The company had revenue of $11.17 million during the quarter.

Plumas Bancorp Company Profile

Plumas Bancorp operates as the 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 offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits.

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