Plumas Bancorp added to membership of US small-cap Russell 2000® Index
Plumas Bancorp (NASDAQ: PLBC) has been re-included in the US small-cap Russell 2000® Index as of July 1, 2024, following the annual reconstitution of the Russell indexes. This inclusion, lasting for one year, is based on its membership in the broader Russell 3000 Index and includes automatic placement in relevant growth and value indexes. Andrew J. Ryback, CEO of Plumas Bancorp, highlighted that inclusion in the Russell 2000 enhances stock liquidity due to passive investment trends. The Russell indexes, managed by FTSE Russell, are key benchmarks for $10.5 trillion in assets. FTSE Russell's CEO, Fiona Bassett, emphasized that the indexes evolve to accurately reflect market segments. Plumas Bank, a subsidiary of Plumas Bancorp, operates 15 branches and several loan offices in California, Nevada, and Oregon. For more information, visit the FTSE Russell and Plumas Bank websites.
- Plumas Bancorp re-included in the Russell 2000® Index, increasing visibility and liquidity.
- Inclusion based on broader Russell 3000 Index membership, signaling strong market performance.
- Inclusion in the index does not guarantee improvement in stock performance.
RENO, Nev., July 01, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp was included again as a member of the US small-cap Russell 2000 Index, effective after the US market opens on July 1, as part of the 2024 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically included in the appropriate growth and value indexes.
Andrew J. Ryback, director, president and chief executive officer of Plumas Bancorp and Plumas Bank stated, “We are proud to see Plumas Bancorp included again on the Russell 2000, a popular index for investors seeking exposure to small-cap companies. Inclusion in this index can enhance a company’s stock liquidity due to passive investing trends.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about
Fiona Bassett, CEO of FTSE Russell, an LSEG Business, comments, “Russell indexes–now in their 40th year–continue to evolve to reflect the dynamic US economy. Annual rebalancing plays a vital role in establishing accurate benchmarks, ensuring they correctly mirror their designated market segments and remain unbiased in terms of size and style.”
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Plumas Bancorp:
Plumas Bank is a subsidiary of Plumas Bancorp (NASDAQ: PLBC), a bank holding company headquartered in Reno, Nevada. Plumas Bank is a locally managed, award-winning community bank founded in 1980 and headquartered in Quincy, California. With 15 branch offices in Northeastern California and Northern Nevada, and loan production offices in California and southern Oregon, Plumas Bank is one of the top performing community banks in the country. For more information regarding Plumas Bancorp and Plumas Bank, visit plumasbank.com.
About FTSE Russell:
FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles, or strategies.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. For over 40 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.
FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit https://www.lseg.com/en/ftse-russell.
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