| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 42.49 | -15 |
| Intrinsic value (DCF) | 125.64 | 151 |
| Graham-Dodd Method | 37.32 | -26 |
| Graham Formula | n/a |
Plumas Bancorp (NASDAQ: PLBC) is a regional bank holding company operating through its subsidiary, Plumas Bank, serving small and middle-market businesses and individuals in Northeastern California and Northwestern Nevada. Founded in 1980 and headquartered in Reno, Nevada, the bank offers a comprehensive suite of financial products, including checking, savings, and retirement accounts, alongside a diversified loan portfolio featuring commercial, agricultural, real estate, and SBA loans. With 14 full-service branches and 3 lending offices, Plumas Bancorp emphasizes personalized banking services, digital solutions like mobile and online banking, and community-focused lending. The bank’s strong regional presence and conservative risk management have contributed to steady profitability, with a market cap of approximately $259 million as of recent data. Operating in the competitive regional banking sector, Plumas Bancorp differentiates itself through localized decision-making and a commitment to supporting rural and small-business economies.
Plumas Bancorp presents a stable investment opportunity within the regional banking sector, supported by its consistent profitability (net income of $28.6M in recent reporting) and low beta (0.647), indicating lower volatility relative to the market. The bank’s focus on agricultural and small-business lending provides niche diversification, though it also exposes the company to sector-specific risks like commodity price fluctuations. With a dividend yield of ~2.2% (based on a $1.14 annual payout) and strong liquidity (cash reserves of $82M), PLBC appeals to income-focused investors. However, its limited geographic footprint and reliance on regional economic conditions may constrain growth compared to larger peers. Regulatory pressures and rising interest rates could further impact net interest margins.
Plumas Bancorp’s competitive advantage lies in its hyper-localized approach, with deep ties to rural communities in California and Nevada, enabling tailored lending and deposit services. Unlike national banks, PLBC benefits from decentralized decision-making, allowing faster responses to customer needs—a critical edge in agricultural and small-business banking. Its loan portfolio’s diversification (spanning real estate, SBA, and agricultural loans) mitigates concentration risk, though its regional focus limits scalability. Competitively, PLBC faces pressure from larger regional banks (e.g., U.S. Bancorp, Wells Fargo) with broader product suites and digital capabilities, as well as community banks competing for the same customer base. While Plumas Bank’s digital offerings (mobile/online banking) are adequate, they lag behind tech-driven fintechs and megabanks. The bank’s low-cost deposit base and efficient operations (evidenced by a 46% net income margin) bolster profitability, but its small scale may hinder investment in innovation or expansion beyond its current markets.