FNLC vs PLBC: Correlation
How closely do First Bancorp, Inc (ME) (FNLC) and Plumas Bancorp (PLBC) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNLC and PLBC?
Over the past 3 years, FNLC and PLBC moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 588.1 %².
Among the 17 assets we track against FNLC, PLBC ranks #7 by 3-year correlation. Over the last 12 months PLBC came out ahead by 11.9 percentage points (+33.4% against +45.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FNLC vs PLBC: side by side
| FNLC (First Bancorp, Inc (ME)) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | +33.4% | +45.3% |
| 5-year return | +51.0% | +114.6% |
| Volatility (ann.) | 29.5% | 30.5% |
| Beta vs S&P 500 | 0.46 | 0.37 |
| Max drawdown (3Y) | -25.0% | -26.7% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 10.2 | 12.0 |
| Dividend yield | 4.32% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNLC | PLBC |
|---|---|---|
| 2022 | -0.4% | +11.7% |
| 2023 | -0.5% | +14.7% |
| 2024 | +2.5% | +17.5% |
| 2025 | +2.3% | -2.7% |
| 2026 | +35.6% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNLC and PLBC good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FNLC and PLBC?
As of 2026-08-27, the correlation of weekly returns between FNLC and PLBC is 0.65 over 3 years, 0.69 over 1 year and 0.49 over 5 years.
Is PLBC a good diversifier for FNLC?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnlc-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnlc-vs-plbc/)
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Related comparisons
Hubs: FNLC correlations · PLBC correlations
