Equities research analysts predict that American River Bank (NASDAQ:AMRB) will announce $0.23 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American River Bank’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.23. American River Bank reported earnings per share of $0.18 in the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, April 19th.
On average, analysts expect that American River Bank will report full year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.96 to $0.97. For the next financial year, analysts forecast that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $1.12 to $1.17. Zacks’ EPS averages are a mean average based on a survey of research firms that follow American River Bank.
American River Bank (NASDAQ:AMRB) last posted its quarterly earnings data 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 Bank had a return on equity of 5.92% and a net margin of 14.53%. The business had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million.
AMRB has been the topic of several analyst reports. Zacks Investment Research upgraded American River Bank from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, April 4th. ValuEngine upgraded American River Bank from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Sandler O’Neill set a $16.00 price objective on American River Bank and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, FIG Partners upgraded American River Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.50.
In other news, COO Kevin Bender sold 4,878 shares of the business’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 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 through this hyperlink. 10.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC increased its holdings in shares of American River Bank 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 acquiring an additional 6,541 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American River Bank 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 acquiring an additional 7,266 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of American River Bank 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 last quarter. Hilton Capital Management LLC increased its holdings in shares of American River Bank 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 last quarter. Finally, LPL Financial LLC bought a new stake in shares of American River Bank in the 4th quarter valued at approximately $278,000. Institutional investors and hedge funds own 53.73% of the company’s stock.
AMRB stock opened at $15.41 on Thursday. 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 Bank has a 52-week low of $12.21 and a 52-week high of $16.49. The company has a market cap of $91.67, a price-to-earnings ratio of 20.55 and a beta of 0.29.
American River Bank announced that its board has initiated a stock repurchase program on Thursday, January 25th that allows the company to buyback 310,000 outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
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About American River Bank
American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.
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