American River Bankshares (AMRB) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a buy rating in a research report released on Wednesday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised American River Bankshares from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Tuesday, April 10th. FIG Partners raised American River Bankshares from a market perform rating to an outperform rating in a research note on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. American River Bankshares presently has a consensus rating of Hold and an average price target of $16.50.

NASDAQ:AMRB opened at $16.75 on Wednesday. The firm has a market cap of $98.57 million, a P/E ratio of 22.33 and a beta of 0.27. American River Bankshares has a 52-week low of $12.21 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The business had revenue of $5.11 million for the quarter, compared to the consensus estimate of $5.30 million. American River Bankshares had a net margin of 15.32% and a return on equity of 6.34%. equities research analysts anticipate that American River Bankshares will post 0.91 EPS for the current year.

In other news, CEO David E. Ritchie, Jr. purchased 4,500 shares of the company’s stock in a transaction on Friday, May 4th. The stock was purchased at an average price of $15.54 per share, with a total value of $69,930.00. Following the completion of the purchase, the chief executive officer now directly owns 16,387 shares in the company, valued at approximately $254,653.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David E. Ritchie, Jr. purchased 2,449 shares of the company’s stock in a transaction on Monday, April 30th. The shares were purchased at an average cost of $15.57 per share, with a total value of $38,130.93. Following the purchase, the chief executive officer now owns 14,112 shares of the company’s stock, valued at $219,723.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 9,203 shares of company stock valued at $143,335. Corporate insiders own 10.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. LPL Financial LLC bought a new stake in American River Bankshares during the fourth quarter worth about $278,000. Hilton Capital Management LLC lifted its stake 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 last quarter. Siena Capital Partners GP LLC bought a new stake in shares of American River Bankshares in the 1st quarter valued at about $1,905,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of American River Bankshares by 1.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 264,669 shares of the financial services provider’s stock valued at $4,105,000 after acquiring an additional 3,840 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of American River Bankshares by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 369,239 shares of the financial services provider’s stock valued at $5,727,000 after acquiring an additional 3,317 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

About American River Bankshares

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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