Fintel reports that on February 27, 2025, Piper Sandler initiated coverage of Plumas Bancorp (NasdaqCM:PLBC) with a Overweight recommendation.
Analyst Price Forecast Suggests 30.71% Upside
As of February 19, 2025, the average one-year price target for Plumas Bancorp is $57.63/share. The forecasts range from a low of $54.54 to a high of $61.95. The average price target represents an increase of 30.71% from its latest reported closing price of $44.09 / share.
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The projected annual revenue for Plumas Bancorp is 90MM, an increase of 10.94%. The projected annual non-GAAP EPS is 5.30.
What is the Fund Sentiment?
There are 188 funds or institutions reporting positions in Plumas Bancorp. This is an increase of 1 owner(s) or 0.53% in the last quarter. Average portfolio weight of all funds dedicated to PLBC is 0.07%, an increase of 28.66%. Total shares owned by institutions increased in the last three months by 4.78% to 3,113K shares.
What are Other Shareholders Doing?
Siena Capital Partners GP holds 220K shares representing 3.72% ownership of the company. No change in the last quarter.
FLPSX - Fidelity Low-Priced Stock Fund holds 192K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 194K shares , representing a decrease of 0.99%. The firm increased its portfolio allocation in PLBC by 1.99% over the last quarter.
Manufacturers Life Insurance Company, The holds 171K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 171K shares , representing an increase of 0.31%. The firm increased its portfolio allocation in PLBC by 15.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 169K shares representing 2.87% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 169K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 154K shares , representing an increase of 8.75%. The firm increased its portfolio allocation in PLBC by 22.37% over the last quarter.
Plumas Bancorp. Background Information
(This description is provided by the company.)
Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The bank operates thirteen branches: eleven located in the northern California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in the northern Nevada counties of Washoe and Carson City. The bank also operates three loan production offices: two located in the northern California counties of Placer and Butte and one located in the southern Oregon county of Klamath. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration.
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