American River Bankshares (NASDAQ:AMRB) Position Raised by Maltese Capital Management LLC

Maltese Capital Management LLC increased its position in American River Bankshares (NASDAQ:AMRB) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,354 shares of the financial services provider’s stock after buying an additional 6,541 shares during the quarter. Maltese Capital Management LLC owned about 8.24% of American River Bankshares worth $7,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of American River Bankshares by 217.7% during the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 5,443 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 worth $3,296,000 after acquiring an additional 4,667 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American River Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after acquiring an additional 10,030 shares in the last quarter. Context BH Capital Management LP lifted its stake in American River Bankshares by 22.0% in the 3rd 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 in the last quarter. Finally, Cutler Capital Management LLC purchased a new stake in American River Bankshares in the 3rd quarter worth about $138,000. Institutional investors and hedge funds own 54.50% of the company’s stock.

In other American River Bankshares news, COO Kevin Bender sold 4,878 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $15.01, for a total value of $73,218.78. Following the completion of the sale, the chief operating officer now owns 13,473 shares in the company, valued at approximately $202,229.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.20% of the stock is currently owned by company insiders.

AMRB has been the topic of several research reports. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised American River Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Finally, Sandler O’Neill set a $16.00 price objective on American River Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. American River Bankshares has an average rating of “Hold” and a consensus price target of $16.50.

Shares of American River Bankshares (AMRB) traded up $0.19 during trading hours on Wednesday, reaching $15.12. The company had a trading volume of 8,700 shares, compared to its average volume of 10,214. American River Bankshares has a 1 year low of $12.97 and a 1 year high of $16.49. The company has a market cap of $92.72, a P/E ratio of 20.43 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64.

American River Bankshares (NASDAQ:AMRB) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). American River Bankshares had a net margin of 14.53% and a return on equity of 5.82%. The business had revenue of $5.23 million for the quarter, compared to the consensus estimate of $5.35 million. research analysts predict that American River Bankshares will post 0.96 EPS for the current fiscal year.

American River Bankshares announced that its board has authorized a share buyback plan on Thursday, October 19th that allows the company to buyback 320,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be given 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 1.32%. American River Bankshares’s dividend payout ratio is currently 40.82%.

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American River Bankshares 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.

Institutional Ownership by Quarter for American River Bankshares (NASDAQ:AMRB)

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