Wall Street brokerages expect American River Bankshares (NASDAQ:AMRB) to post earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American River Bankshares’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.22. American River Bankshares reported earnings of $0.18 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that American River Bankshares will report full year earnings of $0.96 per share for the current year. For the next year, analysts expect that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.12. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million. American River Bankshares had a return on equity of 5.92% and a net margin of 14.53%.
Several research analysts have commented on the company. Zacks Investment Research upgraded American River Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Sandler O’Neill set a $16.00 price objective on American River Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Three 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.50.
In other news, COO Kevin Bender sold 4,878 shares of American River Bankshares stock in a transaction 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 transaction, the chief operating officer now directly owns 13,473 shares in the company, valued at approximately $202,229.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Cutler Capital Management LLC purchased a new position in shares of American River Bankshares in the 3rd quarter valued at $138,000. LPL Financial LLC purchased a new position in shares of American River Bankshares in the 4th quarter valued at $278,000. Hilton Capital Management LLC increased its holdings 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 acquiring an additional 13,700 shares during the period. Vanguard Group Inc. increased its holdings 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 acquiring an additional 4,667 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its holdings 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 acquiring an additional 6,140 shares during the period. Institutional investors and hedge funds own 52.22% of the company’s stock.
American River Bankshares (NASDAQ:AMRB) opened at $15.68 on Friday. The company has a market capitalization of $93.55, a price-to-earnings ratio of 32.00 and a beta of 0.31. American River Bankshares has a fifty-two week low of $12.97 and a fifty-two week high of $16.49. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.16.
American River Bankshares declared that its Board of Directors has initiated a share buyback plan on Thursday, January 25th that authorizes the company to repurchase 310,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were issued a $0.05 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. American River Bankshares’s dividend payout ratio is presently 40.82%.
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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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