Plumas Bancorp (PLBC) has received a new Buy rating, initiated by Piper Sandler analyst, Matthew Clark.
Matthew Clark’s rating is based on several compelling factors. Plumas Bancorp is currently trading at a discounted price-to-earnings ratio, which stands at 7.3 times the 2026 earnings estimate, making it an attractive investment relative to its peers. The bank’s profitability is notably high, with a return on average assets projected between 1.70% and 1.75%, and a strong deposit profile with 51% non-interest-bearing deposits. These financial metrics suggest a robust performance outlook.
Additionally, Plumas Bancorp’s strategic positioning as a buyer of smaller banks in Northern California and Southern Oregon enhances its growth potential. The bank’s recent acquisition of CRSB is expected to be accretive to earnings, demonstrating its effective M&A strategy. Furthermore, the bank’s seasoned SBA team and solid credit management post-GFC contribute to its stability and potential for future profitability. These factors collectively underpin Matthew Clark’s Buy rating for Plumas Bancorp.