American River Bankshares (AMRB) Set to Announce Quarterly Earnings on Thursday

American River Bankshares (NASDAQ:AMRB) is set to announce its earnings results before the market opens on Thursday, April 19th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) 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 5.92%. The company had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million. On average, analysts expect American River Bankshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of NASDAQ AMRB opened at $15.57 on Tuesday. American River Bankshares has a 1 year low of $12.21 and a 1 year high of $16.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $90.14, a P/E ratio of 20.76 and a beta of 0.29.

American River Bankshares declared that its Board of Directors has initiated a stock repurchase plan on Thursday, January 25th that authorizes the company to buyback 310,000 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

AMRB has been the topic of several research analyst reports. Zacks Investment Research cut shares of American River Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. FIG Partners upgraded shares of American River Bankshares from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 29th. Finally, Sandler O’Neill set a $16.00 price target on shares of American River Bankshares and gave the company a “hold” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.50.

In other American River Bankshares news, COO Kevin Bender sold 4,878 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $15.01, for a total value of $73,218.78. Following the sale, the chief operating officer now owns 13,473 shares in the company, valued at $202,229.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.10% of the stock is currently owned by corporate insiders.

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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.

Earnings History for American River Bankshares (NASDAQ:AMRB)

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