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Plumas Bancorp (NASDAQ:PLBC), the parent company of Plumas Bank, today announced that Plumas Bancorp ("Company") has been included in the Russell 2000 Index by FTSE Russell following its annual reconstitution. The announcement was made after the U.S. stock market closed on June 23, 2023.
Andrew J. Ryback, director, president and chief executive officer of Plumas Bancorp and Plumas Bank stated, "Inclusion on the Russell 2000 provides meaningful exposure in the investment community with a multitude of funds benchmarked to the Russell. With Plumas' return to the index, we anticipate enhanced liquidity in our stock and broadening of our shareholder base."
Russell determines inclusion of companies in its equity indexes by market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Plumas Bancorp previously listed on the Russell 2000 in 2020, rolling off in 2021 due to changes in the market cap threshold for listing.
Posted In: PLBC
