Breaking: Plumas Bancorp Just Reaches 52-Week High?

Breaking: Plumas Bancorp Just Reaches 52 Week High?

The stock of Plumas Bancorp (NASDAQ:PLBC) hit a new 52-week high and has $22.65 target or 88.00% above today’s $12.05 share price. The 9 months bullish chart indicates low risk for the $59.21M company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $22.65 price target is reached, the company will be worth $52.10M 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 34,529 shares traded hands or 272.28% up from the average. Plumas Bancorp (NASDAQ:PLBC) has risen 33.79% since March 28, 2016 and is uptrending. It has outperformed by 29.08% 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 in 2016 Q2. Its up 1.50, from 0.5 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.
Blackrock Fund Advsrs has invested 0% of its portfolio in Plumas Bancorp (NASDAQ:PLBC). Raymond James &, a Florida-based fund reported 60,835 shares. Wells Fargo & Mn accumulated 1 shares or 0% of the stock. Tci Wealth Advsr accumulated 0.02% or 3,497 shares. Alliancebernstein Ltd Partnership owns 69,333 shares or 0% of their US portfolio. National Bank Of America De, a North Carolina-based fund reported 5 shares. Blackrock Management Ltd Company, a New Jersey-based fund reported 699 shares. The New York-based Morgan Stanley has invested 0% in Plumas Bancorp (NASDAQ:PLBC). Royal Bancorp Of Canada, a Ontario – Canada-based fund reported 1,000 shares. Commercial Bank Of New York Mellon Corporation last reported 11,310 shares in the company. Acadian Asset Lc has 0% invested in the company for 403 shares. Tower Research Cap Limited Liability Corporation (Trc) accumulated 968 shares or 0% of the stock. Courier Cap Corporation has invested 0.02% of its portfolio in Plumas Bancorp (NASDAQ:PLBC).

Insider Transactions: Since August 31, 2016, the stock had 1 insider buy, and 0 selling transactions for $10,000 net activity. 1,000 Plumas Bancorp (NASDAQ:PLBC) shares with value of $10,000 were bought by McClintock Robert J.

More notable recent Plumas Bancorp (NASDAQ:PLBC) news were published by: Nasdaq.com which released: “Plumas Bancorp Reinstates Semi-Annual Cash Dividend” on October 20, 2016, also Nasdaq.com with their article: “Plumas Bancorp Reports Highest Quarterly Earnings In Its History” published on October 18, 2016, Reuters.com published: “BRIEF-Plumas Bancorp’s qtrly net interest income increases by 11 pct” on October 18, 2016. More interesting news about Plumas Bancorp (NASDAQ:PLBC) were released by: Reuters.com and their article: “BRIEF-Plumas Bancorp reinstates semi-annual cash dividend” published on October 20, 2016 as well as Seekingalpha.com‘s news article titled: “Plumas Bank: Under The Radar And Brimming With Potential” with publication date: July 24, 2016.

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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