Stephens analyst Andrew Terrell raised the firm’s price target on Plumas Bancorp (PLBC) to $60 from $57 and keeps an Overweight rating on the shares. Following the Q1 report, the firm views the bank as in a favorable position to deploy capital in the buyback while remaining opportunistic on future M&A and de-novo expansion, the analyst tells investors.
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Read More on PLBC:
- Plumas Bancorp Issues Updated Investor Presentation and Outlook
- Plumas Bancorp reports Q1 EPS $1.38, consensus $1.28
- Plumas Bancorp price target lowered to $59 from $61 at Piper Sandler
- Plumas Bancorp Updates Restricted Stock Unit Compensation Plan
- Plumas Bancorp Adopts Indemnification Agreements for Leadership
