Plumas Bancorp (PLBC) AI Stock Analysis

• Market Cap: $246.33M
• Dividend Yield: 2.67%
• Average Volume (3M): 9.91K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 0.57
• Revenue Growth: 8.97%
• EPS Growth: -4.41%
• Country: US
• Employees: 183
• Sector: Financial
• Sector Strength: 85
• Industry: Banks - Regional
• EPS (TTM): 4.80
• Shares Outstanding: 5,920,083
• 10 Day Avg. Volume: 12,394
• 30 Day Avg. Volume: 9,915
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.11
• Price to Cash Flow (P/CF): 7.60
• P/FCF Ratio: 4.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $57.00
• Price Target Upside: 32.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

Plumas Bancorp is in a strong financial position with steady income growth, a solid balance sheet, and robust cash flow. The recent merger and real estate transaction highlight strategic growth initiatives. Technical indicators are stable but show no strong momentum, while valuation metrics suggest the stock might be undervalued, making it appealing to long-term investors. The absence of earnings call data means the analysis is based on available financial and corporate event data.

Positive Factors

Growth Prospects

PLBC is highlighted as a highly profitable and growth-oriented franchise, with expectations of 5-7% organic growth prospects and complementary bank M&A to support earnings upside.

Market Position

The bank holds the #1 market share in 3 core, rural markets in northern California, creating significant scarcity value and an attractive deposit base.

Valuation

The discounted P/E multiple of PLBC is considered attractive given its superior profitability profile, which suggests potential for valuation appreciation.

Negative Factors

Market Concentration

Operating predominantly in rural northern California markets, Plumas Bancorp may face limitations in market expansion compared to banks with a more diversified geographic presence.

Plumas Bancorp Business Overview & Revenue Model

Company Description

Plumas Bancorp (PLBC) is a financial services company based in Quincy, California. It operates as the holding company for Plumas Bank, which provides a range of financial services primarily to small and medium-sized businesses and individuals in northern California and northwestern Nevada. The bank offers various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. In addition to its deposit services, Plumas Bank provides lending services such as commercial, real estate, and consumer loans. The company's focus on relationship banking and customer service is a key aspect of its operations.

How the Company Makes Money

Plumas Bancorp generates revenue primarily through the interest earned on loans and the fees associated with its banking services. The company’s primary revenue streams include interest income from loans and leases, interest on investment securities, and fees for services such as account maintenance and transaction processing. The bank also earns income from mortgage banking activities and the sale of investment products. Plumas Bancorp's financial performance is influenced by interest rate fluctuations, loan portfolio growth, and the economic conditions of the regions it serves. The bank maintains strategic partnerships with local businesses and leverages its community presence to enhance customer loyalty and expand its market reach.

Plumas Bancorp Financial Statement Overview

Summary

Plumas Bancorp demonstrates strong financial health with consistent revenue and profit growth, a robust balance sheet with no debt, and strong cash flow generation. However, volatility in asset and liability figures and missing recent EBIT/EBITDA data are areas to watch.

Income Statement

Plumas Bancorp has shown consistent revenue growth over the years, with revenue increasing from $45.69 million in 2019 to $80.09 million in 2023. The net profit margin also improved, indicating efficient cost management. However, the lack of EBIT and EBITDA data in recent years limits a comprehensive analysis of operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with zero debt in 2023 and robust stockholders' equity growth from $84.51 million in 2019 to $1.47 billion in 2023. The equity ratio is strong, showing financial stability. However, fluctuations in total assets and liabilities indicate some volatility.

Cash Flow

Operating cash flow has significantly increased, reaching $9.51 billion in 2023, demonstrating strong cash generation. The free cash flow has also shown positive growth, indicating effective capital management. However, the volatility in financing cash flow suggests some instability in financial operations.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
62.23M	80.09M	69.28M	55.65M	46.86M
	Gross Profit
62.23M	80.09M	69.28M	55.65M	46.86M
	EBIT
-51.13M	0.00	38.53M	28.49M	19.95M
	EBITDA
0.00	0.00	37.57M	29.91M	21.38M
	Net Income Common Stockholders
28.62M	29.78M	26.44M	21.01M	14.47M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
463.35M	85.66M	628.13M	686.50M	364.52M
	Total Assets
1.54B	1.61B	1.62B	1.61B	1.11B
	Total Debt
39.76M	90.00M	10.31M	10.31M	10.31M
	Net Debt
-42.26M	4.34M	-173.12M	-370.27M	-174.60M
	Total Liabilities
1.45B	1.46B	1.50B	1.48B	1.01B
	Stockholders Equity
1.65B	147.32M	119.00M	134.08M	100.15M
Cash Flow		Free Cash Flow
9.51B	36.06M	53.86M	-9.35M	23.02M
	Operating Cash Flow
9.51B	38.34M	56.88M	-8.42M	24.63M
	Investing Cash Flow
10.25M	-90.55M	-270.77M	-79.81M	-114.40M
	Financing Cash Flow
-857.00M	-45.56M	16.72M	283.90M	227.74M

Plumas Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 43.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLBC, the sentiment is Negative. The current price of 43 is below the 20-day moving average (MA) of 43.03, below the 50-day MA of 44.52, and above the 200-day MA of 42.31, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 47.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PLBC.

Plumas Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSBK	76 Outperform	$228.96M	9.31	10.21%	3.40%	14.86%	-2.29%
PLBC	74 Outperform	$246.33M	8.68	17.60%	2.67%	8.97%	-4.41%
FNLC	73 Outperform	$265.45M	9.77	10.91%	6.03%	15.18%	-8.96%
PCB	69 Neutral	$252.24M	10.09	7.23%	4.22%	18.57%	-18.14%
FDBC	67 Neutral	$230.62M	10.96	10.57%	3.95%	19.54%	12.91%
Sector *	63 Neutral	$14.39B	9.81	8.95%	4.37%	16.38%	-11.64%
MVBF	49 Neutral	$210.42M	10.63	6.75%	4.18%	0.35%	1.96%

Plumas Bancorp Corporate Events

Plumas Bancorp Announces Real Estate Sale Agreement

On March 28, 2025, Plumas Bank entered into a Real Estate Purchase and Sale Agreement to sell two administrative offices in Quincy, California, to Brookline Branch Services, LLC, for $5,550,000. The transaction, expected to close in the second quarter of 2025, includes a leaseback arrangement allowing Plumas Bank to continue using the properties. This sale and leaseback deal is anticipated to generate a pre-tax gain of approximately $4.9 million, with first-year rent expenses partially offset by reduced depreciation and investment of proceeds. The company is also considering selling part of its securities portfolio to offset the gain from the property sale.

Plumas Bancorp Announces Merger with Cornerstone Community

On January 29, 2025, Plumas Bancorp and Cornerstone Community Bancorp announced a merger agreement where Plumas will acquire Cornerstone in a transaction valued at approximately $64.6 million. The merger will result in a combined entity with $2.3 billion in assets and a significant presence in Northern California and Western Nevada. The merger is expected to enhance service offerings and provide long-term value to shareholders and communities. The transaction is anticipated to be accretive to Plumas’ earnings and is subject to customary closing conditions, including shareholder and regulatory approvals.

Plumas Bancorp Appoints Kevin Foster to Board

On January 15, 2025, Plumas Bancorp appointed Kevin Foster to its Board of Directors. Foster brings a wealth of experience from a 40-year career in banking and technology, most recently at Ernst & Young. His expertise in lending, technology, and cybersecurity is expected to drive transformation and compliance within the company. The appointment reflects Plumas Bancorp’s commitment to enhancing its banking products, supporting communities, and delivering shareholder value.