Stock Rating Downgrade
The Value Trend Rating for Plumas Bancorp (NASDAQ: PLBC) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Plumas Bancorp (NASDAQ: PLBC) stock rose modestly by 0.4% on 4/19/24. The stock closed at $35.48. This advance was accompanied by normal trading volume. The stock has risen 1.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PLBC is expected to continue to be a Value Builder.
Plumas Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Plumas Bancorp has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 66, producing the High Neutral Value Trend Rating.
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