PLUMAS BANCORP (NASDAQ:PLBC) executive BJ North, who serves as the company's EVP and Chief Banking Officer, has recently sold 1,136 shares of common stock, according to the latest SEC filings. The transaction, dated May 9, 2024, was executed at a weighted average price of $35.02 per share, with a disclosed price range of $35.02 to $35.12.
The sale resulted in a total transaction value of approximately $39,782. The regulatory filing also indicated that following the sale, North held 2,496 shares of Plumas Bancorp's common stock directly.
Investors often monitor insider transactions as they can provide insights into an executive’s perspective on the company’s current valuation and future prospects. However, it is important to note that insider sales could be motivated by a variety of factors and may not necessarily reflect a bearish stance on the company's future performance.
Plumas Bancorp, incorporated in California, operates in the finance sector, specifically focusing on short-term business credit institutions. The company's business address is listed in Reno, Nevada.
For further details on the transaction, interested parties can refer to the full text of the SEC filing.
InvestingPro Insights
Plumas Bancorp (NASDAQ:PLBC), a financial institution with a focus on short-term business credit, has recently seen insider activity that has drawn the attention of investors. As the market digests the news of EVP BJ North's stock sale, a look at the company's financial metrics from InvestingPro provides a broader context for evaluating PLBC's performance and potential.
InvestingPro Data reveals a market capitalization of $206.88M, indicating a relatively modest size within the finance sector. With a P/E Ratio of 7.27, the company presents as trading at a low earnings multiple, which can be appealing to value investors. Despite the recent insider sale, PLBC has a history of rewarding shareholders, having raised its dividend for 3 consecutive years and maintained dividend payments for 9 consecutive years. This is reflected in the dividend yield of 3.07% as of the last recorded date, showcasing the company's commitment to returning value to its shareholders.
InvestingPro Tips highlight that while PLBC has been profitable over the last twelve months, analysts anticipate a sales decline in the current year and expect net income to drop. However, they also predict the company will remain profitable this year. This juxtaposition of expectations suggests that investors should keep a close eye on upcoming earnings reports and sales figures to gauge the company's trajectory.
For investors seeking more comprehensive analysis and additional InvestingPro Tips, there are 10 tips listed on InvestingPro's detailed page for PLBC. These insights can help investors make more informed decisions, especially in light of recent insider trading activity. Interested readers can explore these tips further and take advantage of a special offer using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With the next earnings date set for July 17, 2024, investors will be watching to see how the company's fundamentals align with market expectations and insider perceptions. The combination of real-time data and expert analysis available on InvestingPro could provide a significant edge in understanding the full picture of PLBC's financial health and future prospects.
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