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Plumas Bancorp is headquartered at 5525 Kietzke Lane, Suite 100, Reno, NV, and is listed on the NASDAQ Capital Market under the trading symbol PLBC. Trading at a P/E ratio of 9.63, with analyst price targets ranging from $45 to $60, the stock shows promising potential according to InvestingPro analysis. As of the date of the report, no additional changes to the executive team or board of directors have been announced.
Reeson, who has served on the board since 1985, is stepping down in accordance with the company's Corporate Governance Guidelines, which dictate retirement provisions for its directors. The announcement was made in a recent 8-K filing with the Securities and Exchange Commission.
Plumas Bancorp is headquartered at 5525 Kietzke Lane, Suite 100, Reno, NV, and is listed on the NASDAQ Capital Market under the trading symbol PLBC. Trading at a P/E ratio of 9.63, with analyst price targets ranging from $45 to $60, the stock shows promising potential according to InvestingPro analysis. As of the date of the report, no additional changes to the executive team or board of directors have been announced.
In other recent news, Plumas Bancorp has revealed some significant changes and developments. The company announced a change in its certifying accountant for the Plumas Bank 401(k) Profit Sharing Plan, replacing Eide Bailly LLP with Elliot Davis, LLC for the Plan's fiscal year ending December 31, 2024. The change, approved by the Audit & Risk Committee, was detailed in an 8-K filing with the Securities and Exchange Commission.
In addition to the auditor change, Plumas Bancorp declared a quarterly cash dividend of $0.27 per common share, payable to shareholders of record as of November 1, 2024. This dividend declaration was confirmed in a press release statement and the details filed in the Form 8-K with the SEC.
Further, the company terminated its property sale agreement with Mountainseed Real Estate Services, LLC, which involved the sale of three properties operated by Plumas Bank. The termination was mutual and does not impact another transaction involving nine branch office properties.
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