Plumas Bancorp (PLBC) Soars 7.3%: Is Further Upside Left in the Stock?

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 ...