O Shaughnessy Asset Management LLC lessened its position in American River Bank (NASDAQ:AMRB) by 53.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,256 shares of the financial services provider’s stock after selling 8,358 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.12% of American River Bank worth $113,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilton Capital Management LLC raised its stake 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 worth $458,000 after buying an additional 13,700 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake 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 worth $3,975,000 after buying an additional 6,140 shares in the last quarter. Maltese Capital Management LLC raised its stake 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 worth $7,702,000 after buying an additional 6,541 shares in the last quarter. LPL Financial LLC bought a new stake in shares of American River Bank in the 4th quarter worth $278,000. Finally, Siena Capital Partners GP LLC bought a new stake in shares of American River Bank in the 1st quarter worth $1,905,000. 50.10% of the stock is currently owned by institutional investors.
In related news, CEO David E. Ritchie, Jr. bought 2,449 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were bought at an average cost of $15.57 per share, with a total value of $38,130.93. Following the completion of the transaction, the chief executive officer now directly owns 14,112 shares of the company’s stock, valued at $219,723.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimberly Ann Box sold 2,900 shares of the business’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $15.64, for a total value of $45,356.00. Following the sale, the director now directly owns 15,824 shares in the company, valued at $247,487.36. The disclosure for this sale can be found here. Insiders have bought 9,203 shares of company stock worth $143,335 over the last ninety days. 10.10% of the stock is owned by insiders.
Shares of American River Bank opened at $15.76 on Wednesday, Marketbeat.com reports. The firm has a market cap of $91.51 million, a PE ratio of 19.94 and a beta of 0.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. American River Bank has a 12-month low of $12.21 and a 12-month high of $16.49.
American River Bank (NASDAQ:AMRB) last announced its earnings results on Thursday, April 19th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $5.11 million for the quarter, compared to analyst estimates of $5.30 million. American River Bank had a return on equity of 6.34% and a net margin of 15.32%. equities research analysts predict that American River Bank will post 0.91 EPS for the current fiscal year.
American River Bank announced that its Board of Directors has initiated a share repurchase program on Thursday, January 25th that authorizes the company to buyback 310,000 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, May 1st. American River Bank’s dividend payout ratio (DPR) is presently 26.67%.
A number of research firms have recently commented on AMRB. Zacks Investment Research downgraded American River Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. FIG Partners raised American River Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 29th. Finally, ValuEngine raised American River Bank from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.50.
American River Bank Profile
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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