Short Interest in Plumas Bancorp (NASDAQ:PLBC) Increases By 47.4%

Plumas Bancorp (NASDAQ:PLBC) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,600 shares, an increase of 47.4% from the May 30th total of 3,800 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the company’s shares are sold short.

PLBC traded down $0.21 during mid-day trading on Thursday, hitting $24.10. The stock had a trading volume of 2,700 shares, compared to its average volume of 3,749. The business’s fifty day simple moving average is $24.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $124.20 million, a price-to-earnings ratio of 8.67 and a beta of 0.25. Plumas Bancorp has a 1-year low of $20.51 and a 1-year high of $28.15.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $0.73 earnings per share for the quarter. The company had revenue of $11.35 million for the quarter. Plumas Bancorp had a net margin of 32.54% and a return on equity of 22.23%.

In other Plumas Bancorp news, EVP Bj North sold 6,400 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $24.84, for a total value of $158,976.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 10.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Context BH Capital Management LP increased its position in shares of Plumas Bancorp by 8.4% during the fourth quarter. Context BH Capital Management LP now owns 56,974 shares of the financial services provider’s stock worth $1,294,000 after acquiring an additional 4,438 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Plumas Bancorp by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,629 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 6,305 shares in the last quarter. BlackRock Inc. increased its position in shares of Plumas Bancorp by 189.1% during the fourth quarter. BlackRock Inc. now owns 13,809 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 9,033 shares in the last quarter. Deutsche Bank AG increased its position in shares of Plumas Bancorp by 24.5% during the fourth quarter. Deutsche Bank AG now owns 10,709 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 2,105 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Plumas Bancorp by 14.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,663 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 454 shares in the last quarter. 21.72% of the stock is owned by institutional investors.

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.

Further Reading: Buy Rating

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