Zacks Investment Research cut shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a sell rating in a research report released on Tuesday, March 13th.
According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “
Other analysts have also recently issued reports about the company. ValuEngine raised American River Bankshares from a hold rating to a buy rating in a report on Thursday, March 1st. Sandler O’Neill set a $16.00 target price on American River Bankshares and gave the stock a hold rating in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $16.50.
Shares of American River Bankshares stock traded down $0.03 during trading hours on Tuesday, reaching $15.41. The company’s stock had a trading volume of 3,078 shares, compared to its average volume of 13,705. The company has a market cap of $95.00, a PE ratio of 31.45 and a beta of 0.31. American River Bankshares has a 12-month low of $12.21 and a 12-month high of $16.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.62.
American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.23 million for the quarter, compared to the consensus estimate of $5.35 million. American River Bankshares had a return on equity of 5.92% and a net margin of 14.53%. sell-side analysts expect that American River Bankshares will post 0.96 EPS for the current fiscal year.
American River Bankshares declared that its board has initiated a stock buyback program on Thursday, January 25th that authorizes the company to buyback 310,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $15.01, for a total transaction of $73,218.78. Following the completion of the transaction, the chief operating officer now directly owns 13,473 shares in the company, valued at approximately $202,229.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.20% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of AMRB. Maltese Capital Management LLC grew its position in shares of American River Bankshares by 1.3% in the 4th quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock valued at $7,702,000 after purchasing an additional 6,541 shares during the period. Dimensional Fund Advisors LP grew its position in shares of American River Bankshares by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock valued at $5,069,000 after purchasing an additional 7,266 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of American River Bankshares by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock valued at $3,975,000 after purchasing an additional 6,140 shares during the period. Vanguard Group Inc. grew its position in shares of American River Bankshares by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 4,667 shares during the period. Finally, Hilton Capital Management LLC grew its position in shares of American River Bankshares by 83.8% in the 4th quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 13,700 shares during the period. Institutional investors own 52.22% of the company’s stock.
About American River Bankshares
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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