Plumas Bancorp price target raised to $49 from $45 at Raymond James

Raymond James analyst David Feaster raised the firm’s price target on Plumas Bancorp (PLBC) to $49 from $45 and keeps an Outperform rating on the shares. Plumas Bancorp’s Q4 results exceeded forecasts and core trends remain solid, the analyst tells investors in a research note. The firm believe NIM defensibility is likely near-term given stabilizing and improving deposit costs and continued loan growth, and expects loan growth to accelerate towards a mid-to-high single digit pace going forward, despite headwinds from continued indirect auto runoff.