New insider activity at Plumas Bancorp ( (PLBC) ) has taken place on February 22, 2025.
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Director Michael Kevin Foster recently made a significant investment in Plumas Bancorp by purchasing 1,000 shares of the company’s stock. This transaction was valued at $45,675, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on PLBC stock
Raymond James has increased the price target for Plumas Bancorp to $54 from $49, maintaining an Outperform rating. This revision follows Plumas Bancorp’s announcement of its acquisition of Cornerstone Community Bancorp in a transaction valued at approximately $64.6 million. This merger, the largest for Plumas since 2021, is expected to significantly enhance its presence in Northern California and Western Nevada by creating a combined entity with $2.3 billion in assets. The acquisition is anticipated to be accretive to earnings, leveraging Plumas’ strong low-cost core deposit franchise and premium profitability, providing long-term value to shareholders and communities. The positive outlook is supported by Plumas’ solid operating performance and strategic expansion plans.
More about Plumas Bancorp
YTD Price Performance: -4.26%
Average Trading Volume: 10,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $265.4M