SCHEDULE: FMR LLC, Abigail Johnson Disclose 7.6% Stake in Plumas Bancorp

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 7.6% of Plumas Bancorp's common stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 530,081 shares of Plumas Bancorp's common stock.
• This represents 7.6% of the total outstanding common stock of Plumas Bancorp.
• FMR LLC holds sole voting power over 529,993 shares and sole dispositive power over 530,081 shares.
• Abigail P. Johnson holds sole dispositive power over 530,081 shares, with no sole or shared voting power directly.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Plumas Bancorp.
• FMR LLC is classified as a parent holding company, with subsidiaries like FIAM LLC, Fidelity Management & Research Company LLC (both investment advisers), and Fidelity Management Trust Company (bank) beneficially owning shares.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and through her family's ownership and voting agreement, is deemed part of a controlling group with respect to FMR LLC.

Sentiment

Score: 7

Explanation: The filing indicates a stable, significant beneficial ownership by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, without any stated intent to influence control. This suggests a passive, long-term investment perspective, which is generally viewed as a positive sign of confidence in the issuer.

Positives

• Continued significant institutional ownership by FMR LLC and its affiliates, indicating long-term interest in Plumas Bancorp.
• The filing explicitly states the shares are held in the ordinary course of business and not for influencing control, suggesting a stable, passive investment.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding Plumas Bancorp's future operations or financial performance. It solely pertains to beneficial ownership.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing indicates continued significant institutional investment in Plumas Bancorp, a regional bank. Such disclosures are common for large asset managers like FMR LLC (Fidelity) as they manage funds for numerous clients. The banking sector often sees stable, long-term institutional holdings, and this filing reflects a routine update to such a position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional shareholder's position, potentially reinforcing confidence in the stock's stability due to a large, passive holder.
• Management: Reassures management that a major investor is not seeking to influence control, allowing them to focus on current strategic plans.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by a major institutional investor. It indicates a stable, passive stake in Plumas Bancorp, with no stated intent to influence control. While the presence of a large, reputable investor like FMR LLC can be seen as a positive signal, this filing itself does not provide new information that would warrant a change in investment strategy (buy or sell). It simply confirms an existing significant holding. Therefore, a "hold" recommendation is appropriate, maintaining current positions based on broader company fundamentals and market conditions, rather than this specific ownership update.

Keywords

Plumas Bancorp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Banking Sector, Investment Management, Fidelity