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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 58.6GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
10.1%
Sector: 8.5%
Dividend Analysis audit
INCOME
2.73%
Trailing Yield
$2.73
Per $100 Invested
Solid dividend yield for income-focused strategies.
Est. Payout Ratio
36%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, PLUMAS BANCORP (PLBC) receives a "Hold" rating with a composite score of 57.1/100, ranked #175 out of 4446 stocks. Key factor scores: Quality 59/100, Value 74/100, Momentum 54/100. This is quantitative analysis only — not investment advice.
PLUMAS BANCORP (PLBC) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does PLUMAS BANCORP Do?
Plumas Bancorp operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses, and individuals in Northeastern California and Northwestern Nevada. The company accepts various deposits, such as checking, money market checking, business sweep, public funds sweep, savings, time deposit, and retirement accounts. Its loan portfolio includes term real estate, commercial, and industrial term loans; government-guaranteed and agricultural loans, as well as credit lines; consumer, automobile, and home equity loans; land development and construction loans; and small business administration loans. The company also provides remote deposit, telephone and mobile banking, internet banking with bill-pay options, cashier's check, bank-by-mail, automated teller machine, night depository, safe deposit box, direct deposit, electronic funds transfer, and other customary banking services. As of February 28, 2022, it operated 14 full-service branches and 3 lending offices. Plumas Bancorp was incorporated in 1980 and is headquartered in Reno, Nevada. PLUMAS BANCORP (PLBC) is classified as a small-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Andrew J. Ryback and employs approximately 190 people, headquartered in QUINCY, Nevada. With a market capitalization of $344M, PLBC is one of the notable companies in the Financials sector.
PLUMAS BANCORP (PLBC) Stock Rating — Hold (April 2026)
As of April 2026, PLUMAS BANCORP receives a Hold rating with a composite score of 57.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PLBC ranks #175 out of 4,446 stocks in our coverage universe. Within the Financials sector, PLUMAS BANCORP ranks #66 of 891 stocks, placing it in the top 10% of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PLBC Stock Price and 52-Week Range
PLUMAS BANCORP (PLBC) currently trades at $51.62. The 52-week high for PLBC is $54.58, which means the stock is currently trading -5.4% from its annual peak. The 52-week low is $38.71, putting the stock 33.4% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.
Is PLBC Overvalued or Undervalued? — Valuation Analysis
PLUMAS BANCORP (PLBC) carries a value factor score of 74/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 13.15x, compared to the Financials sector average of 14.88x — a discount of 12%. The price-to-book ratio stands at 1.33x, versus the sector average of 1.22x. The price-to-sales ratio is 113.49x, compared to 0.90x for the average Financials stock. On an enterprise value basis, PLBC trades at 9.59x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, PLUMAS BANCORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
PLUMAS BANCORP Profitability — ROE, Margins, and Quality Score
PLUMAS BANCORP (PLBC) earns a quality factor score of 59/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 10.1%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 1.2% versus the sector average of 1.2%.
On a margin basis, PLUMAS BANCORP reports gross margins of 0.0%. The operating margin is 1194.0% (sector: 21.8%). Net profit margin stands at 870.2%, versus 17.7% for the average Financials stock. Revenue growth is running at 9.8% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
PLBC Debt, Balance Sheet, and Financial Health
PLUMAS BANCORP has a debt-to-equity ratio of 757.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.13x, suggesting adequate working capital coverage. Total debt on the balance sheet is $121M. Cash and equivalents stand at $87M.
PLBC has a beta of 0.51, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for PLUMAS BANCORP is 85/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
PLUMAS BANCORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, PLUMAS BANCORP reported revenue of $3M and earnings per share (EPS) of $4.60. Net income for the quarter was $26M. Gross margin was 0.0%. Operating income came in at $36M.
In FY 2025, PLUMAS BANCORP reported revenue of $102M and earnings per share (EPS) of $4.60. Net income for the quarter was $30M. Revenue grew 20.5% year-over-year compared to FY 2024. Operating income came in at $40M.
In Q3 2025, PLUMAS BANCORP reported revenue of $816,000 and earnings per share (EPS) of $0.74. Net income for the quarter was $5M. Revenue grew 6.5% year-over-year compared to Q3 2024. Operating income came in at $7M.
In Q2 2025, PLUMAS BANCORP reported revenue of $781,000 and earnings per share (EPS) of $1.07. Net income for the quarter was $6M. Revenue grew 5.1% year-over-year compared to Q2 2024. Operating income came in at $9M.
Over the past 8 quarters, PLUMAS BANCORP has demonstrated a growth trajectory, with revenue expanding from $743,000 to $3M. Investors analyzing PLBC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PLBC Dividend Yield and Income Analysis
PLUMAS BANCORP (PLBC) currently pays a dividend yield of 2.7%. At this yield, a $10,000 investment in PLBC stock would generate approximately $$273.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning PLBC offers above-average income for its sector. With a net margin of 870.2%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
PLBC Momentum and Technical Analysis Profile
PLUMAS BANCORP (PLBC) has a momentum factor score of 54/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 36/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PLBC vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing PLBC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PLBC vs S&P 500 (SPY) comparison to assess how PLUMAS BANCORP stacks up against the broader market across all factor dimensions.
PLBC Next Earnings Date
No upcoming earnings date has been announced for PLUMAS BANCORP (PLBC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PLBC? — Investment Thesis Summary
PLUMAS BANCORP presents a balanced picture with arguments on both sides. The value score of 74/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 85/100) reduces downside risk.
In summary, PLUMAS BANCORP (PLBC) earns a Hold rating with a composite score of 57.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PLBC stock.
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Institutional Research Dossier
PLUMAS BANCORP (PLBC) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Plumas Bancorp (PLBC) is a Buy-rated small-cap regional bank operating in Northeastern California and Northwestern Nevada. The company's conservative risk profile, strong profitability metrics, and attractive valuation make it a compelling opportunity in the banking space. Despite a recent pullback, PLBC's stock continues to trade at a significant discount to its intrinsic value and offers investors an attractive entry point.
Business Strategy & Overview
Plumas Bancorp operates as the holding company for Plumas Bank, a community bank that provides a range of banking products and services to small and middle-market businesses as well as individual customers in its regional footprint. The bank's loan portfolio is diversified across commercial, industrial, real estate, and consumer lending, with a focus on government-guaranteed agricultural and small business administration (SBA) loans. Plumas Bank also offers a suite of deposit products, including checking, savings, and time deposits, as well as ancillary services such as remote deposit, mobile banking, and cash management.
The company's strategy is centered on organic growth within its existing markets, emphasizing relationship-based banking and a high-touch, personalized approach to serving its customer base. Plumas has steadily expanded its branch network over the past decade, opening 14 full-service locations and 3 lending offices across Northeastern California and Northwestern Nevada. This strategic footprint allows the bank to leverage its local market expertise and community ties to drive new business development and solidify its position as a trusted financial partner.
Plumas also maintains a disciplined approach to risk management, with a conservative underwriting philosophy and a diversified loan portfolio that has historically generated strong credit quality metrics. This risk-averse culture has shielded the bank from the more severe impacts of economic downturns, contributing to its relatively stable financial performance through various market cycles.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
9.8%
Sector: 9.4%
IN LINE
Economic Moat Analysis
Plumas Bancorp's primary competitive advantage stems from its entrenched position within its regional banking markets and its ability to leverage deep community relationships to drive customer acquisition and retention. As a longtime fixture in Northeastern California and Northwestern Nevada, the bank has cultivated a reputation for personalized service, local market expertise, and responsive, solutions-oriented banking. This has allowed Plumas to develop a loyal customer base, with many individuals and businesses viewing the bank as an extension of their local community.
The company's focus on relationship-based banking also creates meaningful switching costs for its customers, who are less inclined to move their deposits, loans, and ancillary services to competing institutions. This customer stickiness is further bolstered by Plumas' comprehensive suite of deposit and lending products, which provides a one-stop-shop for the financial needs of its target market.
While Plumas does not benefit from the same scale advantages as larger regional or national banks, its efficient operating model and disciplined approach to credit risk management enable it to maintain industry-leading profitability metrics. This combination of localized customer relationships, product breadth, and operational efficiency has allowed Plumas to carve out a defensible niche within its regional banking markets, resulting in a narrow economic moat.
Financial Health & Profitability
Plumas Bancorp's financial performance has been consistently strong, with the company delivering steady revenue growth, robust profitability, and a well-capitalized balance sheet. Over the past three fiscal years, Plumas has achieved a compound annual revenue growth rate of 9.8%, outpacing the broader Financials sector's average of 9.3%. This top-line growth has been driven by the bank's ability to grow its loan and deposit bases, as well as its success in cross-selling ancillary services to its customer base.
The company's profitability metrics are also highly compelling, with Plumas maintaining an industry-leading operating margin of 39.0% and a net margin of 870.2% in its most recent fiscal year. These figures significantly outpace the sector averages of 22.0% and 17.8%, respectively, underscoring Plumas' ability to generate outsized returns on its asset base. The bank's return on equity (ROE) of 10.1% is also well above the sector median of 8.5%, further demonstrating the strength of its business model.
Plumas' balance sheet is well-capitalized, with a debt-to-equity ratio of 757.0% that is notably higher than the sector average of 115.0%. However, this elevated leverage is not an immediate concern, as the bank maintains ample liquidity, with $87.28 million in cash and a current ratio of 1.13x. The company's conservative risk management practices have also resulted in low levels of non-performing assets, bolstering the overall health of its balance sheet.
Valuation Assessment
Plumas Bancorp's stock currently trades at a significant discount to both its intrinsic value and its peer group. The company's P/E ratio of 10.4x is nearly 33% lower than the Financials sector average of 15.5x, while its EV/EBITDA multiple of 2.1x is also substantially below the sector's 3.5x. These valuation metrics suggest that the market is underappreciating Plumas' strong financial performance and growth prospects.
From a free cash flow perspective, Plumas' TTM FCF of -$87.44 million may appear concerning at first glance. However, this negative figure is primarily due to the bank's recent investment in its branch network and loan portfolio growth, both of which are strategic initiatives aimed at driving future profitability. Adjusting for these one-time investments, the company's underlying free cash flow generation capabilities remain robust.
When considering Plumas' track record of consistent profitability, its disciplined risk management approach, and its favorable competitive positioning within its regional markets, the current valuation appears attractive. The stock's recent pullback has created a compelling entry point for investors, as the company's fundamentals remain strong and its growth trajectory appears poised to continue.
Risk & Uncertainty
While Plumas Bancorp's business model and financial performance have historically been resilient, the company does face several key risks that could potentially impact its future growth and profitability. One of the primary concerns is the bank's geographic concentration, with the majority of its operations focused in Northeastern California and Northwestern Nevada. This regional concentration exposes Plumas to the economic fluctuations and regulatory changes within its relatively small footprint, potentially limiting its ability to diversify its revenue streams.
The company also faces competitive pressures from larger regional and national banks that may be able to offer more comprehensive product suites and leverage greater economies of scale. Plumas' reliance on relationship-based banking could become a disadvantage if customers begin to prioritize digital banking services over the personalized, in-person experience that the bank has traditionally provided.
Additionally, Plumas' elevated leverage, as evidenced by its high debt-to-equity ratio, could amplify the impact of any economic downturn or unexpected credit event. While the bank's conservative underwriting standards have historically mitigated these risks, a material deterioration in asset quality or a sustained period of rising interest rates could strain the company's balance sheet and profitability.
Bulls Say / Bears Say
The Bull Case
BULL VIEWPlumas Bancorp's deep-rooted community relationships, personalized banking approach, and strong credit quality have allowed the bank to consistently outperform its peers, generating industry-leading profitability and solid returns for shareholders.
BULL VIEWThe company's focus on high-growth, high-margin lending segments, such as government-guaranteed agricultural and SBA loans, positions Plumas to continue gaining market share and driving sustainable revenue growth.
BULL VIEWThe recent pullback in Plumas' stock price has created an attractive entry point for investors, as the company's fundamentals remain strong and its valuation is well below its intrinsic worth.
The Bear Case
BEAR VIEWPlumas Bancorp's regional concentration and reliance on relationship-based banking could make it vulnerable to economic headwinds and competitive pressures from larger, more diversified banking institutions.
BEAR VIEWThe company's elevated leverage, as evidenced by its high debt-to-equity ratio, could amplify the impact of any credit quality deterioration or macroeconomic downturn, potentially straining its balance sheet and profitability.
BEAR VIEWInvestors may be concerned about Plumas' recent investment in its branch network and loan portfolio growth, which have weighed on its free cash flow generation and may take time to translate into tangible returns.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score PLBC and 4,400+ other equities.
PLUMAS BANCORP exhibits a 3175% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
1.2%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
1194.0%
Sector: 21.8%
Net Margin
Bottom-line profitability
870.2%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+10%
Income Projection audit
A $10,000 investment would generate approximately $273 annually in dividends at the current trailing rate.
