Added to YB: 2024-07-22
Pitch date: 2024-07-19
PLBC [bullish]
Plumas Bancorp
+16.25%
current return
Author Info
Possible Value focuses on businesses with high returns on capital. Sign up for the newsletter.
Company Info
Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.
Market Cap
$295.1M
Pitch Price
$39.16
Price Target
N/A
Dividend
2.83%
EV/EBITDA
N/A
P/E
10.04
EV/Sales
N/A
Sector
Banks
Category
N/A
Update on Plumas Bancorp (NASDAQ: PLBC)
PLBC: Q2 net income $6.8M (+$126K YoY), EPS $1.15. ROA 1.67%, ROE 17.1%. Loans +7% YoY to $997M. Deposits -$91M to $1.3B. 51% non-interest bearing. Asset quality solid. Equity +28.4% to $165.2M. Net interest margin up 20bps to 4.89%. CRE 59% of loans. Included in Russell 2000. Multiple banking awards. Sale/leaseback raises capital allocation questions.
Read full article (6 min)