Plumas Bancorp initiated with an Overweight at Piper Sandler
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
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Piper Sandler's Coverage Initiation: Piper Sandler has started coverage of Plumas Bancorp with an Overweight rating and a price target of $60, highlighting the bank's attractive valuation and strong profitability prospects.
Key Factors for Rating: The firm emphasizes Plumas Bancorp's favorable deposit profile, less competitive acquisition strategy, and overall growth-oriented nature as reasons for its positive outlook.
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Analyst Views on PLBC
Wall Street analysts forecast PLBC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLBC is 61.00 USD with a low forecast of 61.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 49.550
Low
61.00
Averages
61.00
High
61.00
Current: 49.550
Low
61.00
Averages
61.00
High
61.00
About PLBC
Plumas Bancorp is a bank holding company. The Company's principal subsidiary is Plumas Bank (the Bank), which is a full-service community bank. The Bank operates approximately 19 branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter, and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The Bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. The Bank offers a range of financial and investment services to consumers and businesses. The Bank’s products and services include business and personal. The Bank’s business products and services include business online banking, business accounts and small business loans. The Bank’s personal products and services include personal online banking services, personal mobile banking, personal checking accounts, personal savings accounts, tax advantage accounts, and personal loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Plumas Bancorp (PLBC) Declares $0.33 Quarterly Dividend, 10% Increase
- Dividend Increase: Plumas Bancorp has declared a quarterly dividend of $0.33 per share, marking a 10% increase from the previous $0.30, which reflects the company's ongoing profitability improvement and boosts investor confidence.
- Yield Performance: The forward yield of 2.66% offers investors a stable cash return, further attracting income-seeking investors to the stock, enhancing its appeal in the market.
- Payment Schedule: The dividend is payable on February 18, with a record date of February 4 and an ex-dividend date also on February 4, ensuring shareholders receive their earnings promptly and enhancing the company's reputation among investors.
- Financial Transparency: Plumas Bancorp provides a detailed dividend scorecard and earnings data, which enhances market trust in its financial health while also offering potential investors a basis for decision-making.
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Plumas Bank Elevates Credit Administration Leadership Team Amid Strategic Transition
- Leadership Transition: Plumas Bank appointed Kevin Kaiser as Chief Credit Officer effective January 1, 2026, succeeding the retiring Jeff Moore, with Kaiser bringing nearly 40 years of industry experience since joining in 2014, ensuring continuity and stability in credit management.
- New Appointment Impact: Ryan Riggan has been promoted to Credit Administrator, supporting the credit team's ongoing progress, leveraging nearly 25 years of experience in financial institutions to enhance the bank's credit capabilities, particularly in updating government-guaranteed credit policies.
- Strategic Goals Reinforcement: CEO Andrew J. Ryback emphasized that this leadership change aims to drive sustainable growth, manage risk effectively, and deliver value to clients and shareholders, reflecting the bank's commitment to internal talent development.
- Historical Milestone: This transition coincides with Plumas Bank's 45th anniversary, highlighting its enduring strength and stability in community service while reinforcing the reliable image it has established among clients and investors.
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