Plumas Bancorp (PLBC, Financial) has entered into a definitive merger agreement with Cornerstone Community Bancorp. This strategic partnership is expected to create a combined entity boasting more than $2.3 billion in assets. The merger plans to enhance the company's financial foundation, with deposits reaching $2.0 billion and loans totaling $1.5 billion.
Andrew Ryback, who serves as director, president, and CEO of both Plumas Bancorp and Plumas Bank, emphasized the significance of this merger in reinforcing their dedication to their key markets in Northern California and Western Nevada. The merger aims to deliver enhanced opportunities for clients and stakeholders alike.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Plumas Bancorp (PLBC, Financial) is $54.33 with a high estimate of $60.00 and a low estimate of $49.00. The average target implies an upside of 33.86% from the current price of $40.59. More detailed estimate data can be found on the Plumas Bancorp (PLBC) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Plumas Bancorp's (PLBC, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Plumas Bancorp (PLBC, Financial) in one year is $53.58, suggesting a upside of 32% from the current price of $40.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Plumas Bancorp (PLBC) Summary page.
