American River Bankshares (NASDAQ:AMRB) Director Jeffrey Owensby purchased 1,445 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $15.22 per share, with a total value of $21,992.90. Following the acquisition, the director now owns 6,515 shares of the company’s stock, valued at approximately $99,158.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of American River Bankshares (NASDAQ AMRB) opened at $15.08 on Friday. The firm has a market cap of $92.48, a price-to-earnings ratio of 30.78 and a beta of 0.30. American River Bankshares has a 52 week low of $12.97 and a 52 week high of $16.49. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.16.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $5.23 million during the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a return on equity of 5.82% and a net margin of 14.53%. research analysts forecast that American River Bankshares will post 0.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. American River Bankshares’s payout ratio is currently 40.82%.
American River Bankshares announced that its board has authorized a share buyback program on Thursday, October 19th that allows the company to repurchase 320,000 outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
AMRB has been the subject of a number of research analyst reports. ValuEngine raised shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, January 10th. Finally, Sandler O’Neill set a $16.00 price target on shares of American River Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.50.
Several large investors have recently added to or reduced their stakes in the company. Maltese Capital Management LLC increased its stake in shares of American River Bankshares by 23.5% in the third quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock worth $6,904,000 after acquiring an additional 95,004 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of American River Bankshares by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after acquiring an additional 7,266 shares during the period. Cutler Capital Management LLC acquired a new stake in shares of American River Bankshares in the third quarter worth $138,000. Context BH Capital Management LP increased its stake in shares of American River Bankshares by 22.0% in the third quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 4,005 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of American River Bankshares by 2.1% in the second quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after acquiring an additional 4,667 shares during the period. Hedge funds and other institutional investors own 53.78% of the company’s stock.
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American River Bankshares Company Profile
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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