Raytheon awarded $71 million in Navy contracts for missile systems
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.