Pacific Ridge Capital Partners LLC lifted its position in American River Bankshares (NASDAQ:AMRB) by 2.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 260,829 shares of the financial services provider’s stock after buying an additional 6,140 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in American River Bankshares were worth $3,975,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Maltese Capital Management LLC increased 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 buying an additional 6,541 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 7,266 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of American River Bankshares in the 3rd quarter valued at $138,000. Context BH Capital Management LP increased its position in shares of 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 valued at $308,000 after buying an additional 4,005 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 buying an additional 4,667 shares in the last quarter. Institutional investors and hedge funds own 51.09% of the company’s stock.
In other American River Bankshares news, COO Kevin Bender sold 4,878 shares of the 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 owns 13,473 shares in the company, valued at approximately $202,229.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by corporate insiders.
American River Bankshares (NASDAQ AMRB) opened at $15.30 on Friday. The stock has a market capitalization of $93.82, a PE ratio of 31.22 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 has a 1-year low of $12.97 and a 1-year high of $16.49.
American River Bankshares (NASDAQ:AMRB) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 5.82% and a net margin of 14.53%. equities analysts forecast that American River Bankshares will post 0.96 earnings per share for the current year.
American River Bankshares declared that its board has approved a share buyback program on Thursday, January 25th that allows the company to buyback 310,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, January 30th. American River Bankshares’s dividend payout ratio (DPR) is presently 40.82%.
A number of research firms have issued reports on AMRB. Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Sandler O’Neill set a $16.00 target price on American River Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. American River Bankshares currently has a consensus rating of “Hold” and a consensus target price of $16.50.
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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.
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