** Shares of community lender Plumas Bancorp PLBC.O rise as much as 3.6%; last up 3.2% at $49.54
** Stephens initiates coverage of PLBC with an "overweight" rating and a $60 PT, a 25% upside to stock's last close
** Brokerage believes PLBC is one of the highest quality small cap bank franchises in the country
** Adds that one of the most unique aspects of PLBC is the bank's best-in-class deposits
** Stephens sees no reason why shares shouldn't trade at a more notable valuation given PLBC touts one of the most impressive deposit franchises and profitability profiles in the country
** All two brokerages rate the stock "buy" or higher; median PT is $52.50 — LSEG
** As of last close, PLBC shares up 16.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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