Plumas Bancorp (PLBC) AI Stock Analysis

• Market Cap: $297.96M
• Dividend Yield: 2.71%
• Average Volume (3M): 13.59K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.44
• Revenue Growth: 6.48%
• EPS Growth: 1.42%
• Country: US
• Employees: 183
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): 1.05
• Shares Outstanding: 6,947,124
• 10 Day Avg. Volume: 11,134
• 30 Day Avg. Volume: 13,589
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 2.56
• Enterprise Value/Gross Profit: 2.90
• Enterprise Value/Ebitda: 5.76
• 1Y Price Target: $57.00
• Price Target Upside: 32.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 77 Outperform
• Price Target: $47.00 ▲(9.25% Upside)

Plumas Bancorp's strong financial performance and strategic acquisition significantly enhance its market position and growth prospects. The stock's attractive valuation and stable technical indicators further support a positive outlook. However, slight declines in cash flow growth and potential short-term technical weakness are areas to monitor.

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.

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 Competition

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

Plumas Bancorp Business Overview & Revenue Model

Company Description

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 accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts. Its loan portfolio includes term real estate, commercial, and industrial term loans; government-guaranteed and agricultural loans, as well as credit lines; consumer, automobile, and home equity loans; land development and construction loans; and small business administration loans. The company also provides remote deposit, telephone and mobile banking, internet banking with bill-pay options, cashier's check, bank-by-mail, automated teller machine, night depository, safe deposit box, direct deposit, electronic funds transfer, and other customary banking services. As of February 28, 2022, it operated 14 full-service branches and 3 lending offices. Plumas Bancorp was incorporated in 1980 and is headquartered in Reno, Nevada.

How the Company Makes Money

Plumas Bancorp generates revenue primarily through interest income from loans and investments. The bank provides various loan products such as commercial loans, residential mortgages, and consumer loans, which are a significant source of interest income as borrowers repay these loans over time with interest. Additionally, the company earns non-interest income through service fees, transaction charges, and investment services. The bank also benefits from maintaining a diverse deposit base, which helps manage its funding costs and supports its lending activities. Strategic partnerships with local businesses and real estate developers further enhance its lending opportunities, thereby contributing to its overall earnings.

Plumas Bancorp Financial Statement Overview

Summary

Plumas Bancorp exhibits strong financial performance with significant revenue and profit growth, solid margins, and effective equity utilization. While the balance sheet shows a conservative leverage approach, slight declines in EBITDA margin and free cash flow growth need attention.

Income Statement

Plumas Bancorp shows strong revenue growth with a 30% increase from the previous year to TTM, indicating robust business expansion. Gross and net profit margins are solid, at 88.2% and 31.2% respectively, reflecting good cost management and profitability. The EBIT and EBITDA margins are also favorable at 42.9% and 44.4%, suggesting efficient operational performance. However, there is a slight decline in EBITDA margin compared to the previous year, which needs monitoring.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.31, showcasing a conservative leverage approach. Return on Equity (ROE) is impressive at 15.7%, demonstrating effective use of equity financing. The equity ratio is 11.5%, indicating a stable financial position. However, the high total liabilities relative to equity could pose a risk if not managed properly.

Cash Flow

Plumas Bancorp's cash flow performance is stable, with a slight decrease in operating cash flow compared to the previous period. The Free Cash Flow to Net Income Ratio is strong at 0.95, indicating efficient cash conversion from earnings. However, the free cash flow growth rate shows a minor decline, which should be addressed to ensure long-term cash adequacy.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.86M	84.89M	70.53M	56.50M	47.86M
Gross Profit	61.03M	77.32M	67.98M	54.24M	43.45M
EBITDA	40.50M	41.88M	37.57M	29.91M	21.38M
Net Income	28.62M	29.78M	26.44M	21.01M	14.47M
Balance Sheet
Total Assets	1.62B	1.61B	1.62B	1.61B	1.11B
Cash, Cash Equivalents and Short-Term Investments	519.75M	574.84M	628.13M	686.50M	364.52M
Total Debt	61.83M	116.06M	28.93M	27.59M	29.19M
Total Liabilities	1.45B	1.46B	1.50B	1.48B	1.01B
Stockholders Equity	177.90M	147.32M	119.00M	134.08M	100.15M
Cash Flow
Free Cash Flow	29.83M	36.06M	53.86M	-9.35M	23.02M
Operating Cash Flow	30.51M	38.34M	56.88M	-8.42M	24.63M
Investing Cash Flow	10.25M	-90.55M	-270.77M	-79.81M	-114.40M
Financing Cash Flow	-44.39M	-45.56M	16.72M	283.90M	227.74M

Plumas Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 Positive. The current price of 43.02 is above the 20-day moving average (MA) of 41.56, above the 50-day MA of 42.77, and below the 200-day MA of 43.84, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 73.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PLBC.

Plumas Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLBC	77 Outperform	$297.96M	8.84	16.24%	2.71%	6.48%	1.42%
FNLC	77 Outperform	$304.93M	10.49	11.76%	5.37%	12.08%	9.69%
BWFG	74 Outperform	$335.49M	16.52	7.29%	1.88%	0.75%	-12.45%
CZFS	72 Outperform	$297.81M	9.41	10.53%	3.25%	2.41%	15.34%
Sector *	68 Neutral	$17.89B	12.03	10.28%	3.73%	9.80%	1.66%
FRST	57 Neutral	$277.48M	93.83	0.79%	3.60%	4.72%	―
COSO	―	$306.37M	9.36	12.63%	―	―	―

Plumas Bancorp Corporate Events

Plumas Bancorp Enters Indemnification Agreements for New Board Member

On August 25, 2025, Plumas Bancorp and its subsidiary, Plumas Bank, entered into indemnification agreements for Ken Robison, who joined the Board on July 1, 2025, following the acquisition of Cornerstone Community Bancorp. These agreements ensure the company will indemnify directors and executive officers and cover expenses as allowed by law, enhancing their protection and aligning with corporate governance practices.

Plumas Bancorp Enhances Executive Severance Agreements

On August 22, 2025, Plumas Bancorp and Plumas Bank entered into revised Change in Control Agreements with several of its executives, enhancing severance benefits from 12 to 18 months of base salary in the event of termination under specific conditions following a change in control. These agreements, effective until December 31, 2028, with automatic renewals, aim to secure executive stability and prevent misappropriation of company secrets, potentially impacting the company’s operational continuity and stakeholder confidence.

Plumas Bancorp Enters Change in Control Agreements

On July 21, 2025, Plumas Bancorp and its subsidiary Plumas Bank entered into Change in Control Agreements with several key executives. These agreements outline compensation and conditions for executives in the event of a change in control, including lump sum payments and insurance premium reimbursements, with provisions to prevent misappropriation of trade secrets post-termination.

Plumas Bancorp Appoints New Chief Banking Officer

On July 21, 2025, Plumas Bancorp appointed Jack Prescott as Executive Vice President and Chief Banking Officer of Plumas Bank. Prescott, who previously served as Senior Vice President and Commercial Lending Manager, brings over 35 years of experience in lending and leadership, enhancing the bank’s executive team.

Plumas Bancorp Declares Quarterly Cash Dividend

On July 16, 2025, Plumas Bancorp‘s Board of Directors announced a quarterly cash dividend of $0.30 per common share. This dividend is payable on August 15, 2025, to shareholders recorded by August 1, 2025, reflecting the company’s ongoing commitment to shareholder returns.

Plumas Bancorp Prepares Investor Presentation July 2025

Plumas Bancorp has prepared a presentation for future investor engagements, with the information dated as of July 16, 2025. The company emphasizes that the details provided are not necessarily comprehensive or material for investment decisions, and actual results may vary significantly from forward-looking statements due to various risk factors.

Plumas Bancorp Completes Acquisition of Cornerstone Community Bancorp

On July 1, 2025, Plumas Bancorp completed its acquisition of Cornerstone Community Bancorp, merging Cornerstone Community Bank into Plumas Bank. This strategic move, valued at approximately $61.3 million, aims to enhance Plumas’s market presence by integrating Cornerstone’s local expertise with Plumas’s technological capabilities. The merger expands Plumas’s footprint with four additional branches and increases its total assets to approximately $2.3 billion. Key leadership changes include the appointment of Ken Robison to the board and Matthew B. Moseley continuing as Executive Vice President and Market President, both bringing valuable regional connections and expertise.

Plumas Bancorp Merger with Cornerstone Community Approved

On June 3, 2025, Cornerstone Community Bancorp announced that its shareholders approved the merger with Plumas Bancorp, which is expected to be completed in early July 2025. This merger will enhance service offerings and expand the reach of both institutions, resulting in a combined company with approximately $2.3 billion in total assets and 19 branches across 11 counties.