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PLBC

Plumas BancorpNasdaqCM:PLBC Stock Report

Market Cap

US$180.5m

7D

-2.4%

1Y

61.3%

Updated

26 Sep, 2021

Data

Company Financials
PLBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

PLBC Overview

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 Northeastern California and Northwestern Nevada.

Plumas Bancorp Competitors

TriCo Bancshares

NasdaqGS:TCBK

US$1.3b

Heritage Financial

NasdaqGS:HFWA

US$904.1m

Altabancorp

NasdaqCM:ALTA

US$789.3m

Central Pacific Financial

NYSE:CPF

US$710.8m

Price History & Performance

Summary of all time highs, changes and price drops for Plumas Bancorp
Historical stock prices
Current Share PriceUS$31.07
52 Week HighUS$19.37
52 Week LowUS$33.26
Beta0.62
1 Month Change-3.24%
3 Month Change-2.79%
1 Year Change61.32%
3 Year Change25.03%
5 Year Change203.47%
Change since IPO948.61%

Recent News & Updates

Shareholder Returns

PLBCUS BanksUS Market
7D-2.4%3.4%0.1%
1Y61.3%80.0%35.3%

Return vs Industry: PLBC underperformed the US Banks industry which returned 80% over the past year.

Return vs Market: PLBC exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is PLBC's price volatile compared to industry and market?
PLBC volatility
PLBC Beta0.62
Industry Beta1.37
Market Beta1

Stable Share Price: PLBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PLBC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980158Andy Rybackhttps://www.plumasbank.com

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 Northeastern California and Northwestern Nevada. The company offers various deposit products, such as checking, interest-bearing checking, public funds and business sweep, savings, and retirement accounts, as well as time and remote deposits. Its loan portfolio comprises consumer loans, including residential equity lines of credit and automobile loans; real estate, and commercial and industrial term loans; government-guaranteed and agricultural loans; land development and construction loans; and credit lines.

Plumas Bancorp Fundamentals Summary

How do Plumas Bancorp's earnings and revenue compare to its market cap?
PLBC fundamental statistics
Market CapUS$180.53m
Earnings (TTM)US$16.90m
Revenue (TTM)US$47.18m

10.7x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLBC income statement (TTM)
RevenueUS$47.18m
Cost of RevenueUS$0
Gross ProfitUS$47.18m
ExpensesUS$30.28m
EarningsUS$16.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.91
Gross Margin100.00%
Net Profit Margin35.82%
Debt/Equity Ratio19.1%

How did PLBC perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is Plumas Bancorp undervalued compared to its fair value and its price relative to the market?

50.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PLBC ($31.07) is trading below our estimate of fair value ($62.11)

Significantly Below Fair Value: PLBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PLBC is good value based on its PE Ratio (10.7x) compared to the US Banks industry average (11x).

PE vs Market: PLBC is good value based on its PE Ratio (10.7x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PLBC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLBC is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.1x).


Future Growth

How is Plumas Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.9%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Plumas Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Plumas Bancorp performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLBC has high quality earnings.

Growing Profit Margin: PLBC's current net profit margins (35.8%) are higher than last year (33.6%).


Past Earnings Growth Analysis

Earnings Trend: PLBC's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: PLBC's earnings growth over the past year (17.5%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: PLBC earnings growth over the past year (17.5%) underperformed the Banks industry 36%.


Return on Equity

High ROE: PLBC's Return on Equity (15.8%) is considered low.


Financial Health

How is Plumas Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PLBC's Assets to Equity ratio (11.9x) is moderate.

Allowance for Bad Loans: PLBC has a sufficient allowance for bad loans (149%).

Low Risk Liabilities: 97% of PLBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PLBC has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: PLBC's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: PLBC has an appropriate level of bad loans (0.9%).


Dividend

What is Plumas Bancorp current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLBC's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: PLBC's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PLBC has been paying a dividend for less than 10 years.

Growing Dividend: PLBC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16%), PLBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.5yrs

Average management tenure


CEO

Andy Ryback (56 yo)

11.5yrs

Tenure

US$438,338

Compensation

Mr. Andrew J. Ryback, also known as Andy, is the President and Chief Executive Officer of Plumas Bank and Plumas Bancorp since November 16, 2011 and has been its Director since 2016. He previously served a...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD438.34K) is below average for companies of similar size in the US market ($USD1.08M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PLBC's management team is seasoned and experienced (11.5 years average tenure).


Board Members

Experienced Board: PLBC's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

Company Information

Plumas Bancorp's employee growth, exchange listings and data sources


Key Information

  • Name: Plumas Bancorp
  • Ticker: PLBC
  • Exchange: NasdaqCM
  • Founded: 1980
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$180.527m
  • Shares outstanding: 5.81m
  • Website: https://www.plumasbank.com

Number of Employees


Location

  • Plumas Bancorp
  • 5050 Meadowood Mall Circle
  • Reno
  • Nevada
  • 89502
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:16
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.