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Michael Kevin Foster, a director of Plumas Bancorp (NASDAQ:PLBC), purchased 650 shares of common stock on July 31, 2025, at a price of $41.0, for a total transaction value of $26,650. The $280 million market cap bank currently trades at an attractive P/E ratio of 8.2x and offers a 2.93% dividend yield. InvestingPro analysis indicates the stock is trading near its Fair Value, with eight additional key insights available to subscribers.
Following the transaction, Foster directly owns 2,980 shares of Plumas Bancorp. The bank maintains a strong financial health score and has consistently paid dividends for 10 consecutive years, demonstrating its commitment to shareholder returns.
In other recent news, Plumas Bancorp announced a regular quarterly cash dividend of $0.30 per share, which will be payable on August 15, 2025, to stockholders of record as of August 1, 2025. Additionally, Cornerstone Community Bancorp shareholders have approved a merger with Plumas Bancorp. This merger has received all necessary bank regulatory approvals and is expected to finalize in early July 2025, resulting in a combined entity with approximately $2.3 billion in total assets and 19 full-service banking branches.
Furthermore, Plumas Bancorp recently held its Annual Meeting of Shareholders, where several key proposals were voted on, including the election of nine directors to the company’s Board, all of whom received majority approval. Shareholders also expressed approval of the company’s executive compensation through a non-binding advisory vote. These developments highlight Plumas Bancorp’s continued efforts to expand its operations and maintain shareholder engagement.
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