Plumas Bancorp (PLBC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the nearterm price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, ...

RENO, Nev., July 18, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (NASDAQ:PLBC), the parent company of Plumas Bank (the "Bank"), today announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable August 15, 2024, to stockholders of record as of August 1, 2024. About Plumas Bancorp Plumas Bank is a subsidiary of Plumas Bancorp (NASDAQ:PLBC), a bank holding company headquartered in Reno, Nevada. Plumas Bank is a locally managed, award-w ...

Bank Term Funding Program Interest expense increased from $984 thousand during the three months ended June 30, 2023 to $2.8 million during the current period related to an increase in rate paid on interest bearing liabilities and an increase in borrowings. The average rate paid on interest bearing liabilities increased from 0.56% during the 2023 quarter to 1.44% in 2024 related mainly to an increase in market interest rates, an increase in borrowings and the effect of a 4% time deposit promotion. Non-intere ...

Balance Sheet Highlights June 30, 2024 compared to June 30, 2023 Exhibit 99.1 PLUMAS BANCORP REPORTS SECOND QUARTER 2024 EARNINGS Reno, Nevada, July 17, 2024 – Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2024 of $6.8 million or $1.15 per share, an increase of $126 thousand from $6.7 million or $1.14 per share during the second quarter of 2023. Diluted earnings per share increased to $1.14 per share during the three months ended June ...

Shares of Plumas Bancorp rallied for the second consecutive trading session. With the Federal Reserve keeping an eye on employment reports and cooling inflation numbers, market participants are projecting interest rate cuts as early as September. Thus, for banks reeling under aggressive monetary tightening, this is a positive development. As the rates come down, so will banks' funding costs. Moreover, given the soft landing of the U.S. economy, the lending scenario is expected to improve further. These posi ...

Andrew J. Ryback, director, president and chief executive officer of Plumas Bancorp and Plumas Bank stated, "We are proud to see Plumas Bancorp included again on the Russell 2000, a popular index for investors seeking exposure to small-cap companies. Inclusion in this index can enhance a company's stock liquidity due to passive investing trends." Fiona Bassett, CEO of FTSE Russell, an LSEG Business, comments, "Russell indexes–now in their 40th year– continue to evolve to reflect the dynamic US economy. Annu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) COMMISSION FILE NUMBER: 000-49883 PLUMAS BANCORP (Exact Name of Registrant as Specified in Its Charter) California 75-2987096 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 5525 Kietzke Lane, Suite 100, Reno, Nevada 89511 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (775) 786-0907 Indicate by check mark whe ...

The 2023 quarter included a one-time gain of $1.7 million on termination of interest rate swaps. Excluding this gain, non-GAAP income for the first quarter of 2023 would have been $6.4 million, resulting in diluted earnings per share of $1.08 and return on average assets of 1.63%. Quarter-over-quarter results reflect the termination of interest rate swaps resulting in a one-time gain in the first quarter of 2023. Non-performing loans are well-collateralized, and we expect resolution on significant amounts i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transaction report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 000-49883 PLUMAS BANCORP (Exact name of Registrant as specified in its charter) California 75-2987096 (State or other jurisdiction of incorporation or organization) (IRS Employer I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) COMMISSION FILE NUMBER: 000-49883 PLUMAS BANCORP (Exact Name of Registrant as Specified in Its Charter) California 75-2987096 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 5525 Kietzke Lane, Suite 100, Reno, Nevada 89511 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (775) 786-0907 Indicate by check mark whe ...