Patel Sushil Amathalal buys Plumas Bancorp (PLBC) shares worth $53,501

Published 01/08/2025, 20:06
Patel Sushil Amathalal buys Plumas Bancorp (PLBC) shares worth $53,501

Director Patel Sushil Amathalal of Plumas Bancorp (NASDAQ:PLBC), a regional bank with a market capitalization of $279 million, recently purchased a total of 1,350 shares of common stock in a series of transactions. The purchases, all marked with transaction code "P", occurred on July 30 and July 31, 2025, with prices ranging from $41.0 to $41.31 per share, totaling approximately $53,501. According to InvestingPro analysis, the stock currently trades at $40.25, below Patel’s purchase price, with analyst targets ranging from $50 to $64.

Specifically, on July 30, Patel acquired 1 share at $41. On July 31, Patel made two purchases: one for 649 shares at $41 per share, and another for 650 shares at $41.31 per share. Following these transactions, Patel directly owns 3,685 shares of Plumas Bancorp. The bank currently offers a 2.93% dividend yield and trades at a P/E ratio of 8.15. InvestingPro subscribers can access 8 additional key insights about PLBC’s financial health and growth prospects.

In other recent news, Plumas Bancorp announced a quarterly cash dividend of $0.30 per common share, scheduled for payment on August 15, 2025, to shareholders of record as of August 1, 2025. In a significant development, Cornerstone Community Bancorp shareholders have approved a merger with Plumas Bancorp, which has also received all necessary bank regulatory approvals. This merger, set to finalize in early July 2025, will create a combined entity with approximately $2.3 billion in total assets and 19 full-service banking branches across Northern California and Nevada. Furthermore, during Plumas Bancorp’s Annual Meeting of Shareholders on May 21, 2025, shareholders voted on key proposals, including the election of nine directors to the company’s Board. The shareholders also approved a non-binding advisory vote on executive compensation. These developments indicate a period of strategic growth and shareholder engagement for Plumas Bancorp.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.