Equities research analysts expect American River Bankshares (NASDAQ:AMRB) to post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American River Bankshares’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.22. American River Bankshares reported earnings of $0.19 per share in the same quarter last year, which indicates a positive year over year growth rate of 36.8%. The firm is expected to announce its next earnings report on Thursday, January 24th.
On average, analysts expect that American River Bankshares will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $0.94. For the next year, analysts forecast that the business will post earnings of $1.08 per share, with EPS estimates ranging from $0.98 to $1.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The company had revenue of $5.63 million during the quarter, compared to analyst estimates of $5.60 million. American River Bankshares had a net margin of 14.79% and a return on equity of 6.76%.
Several equities analysts recently issued reports on AMRB shares. Raymond James upgraded American River Bankshares from an “underperform” rating to a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, TheStreet raised American River Bankshares from a “c+” rating to a “b” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. American River Bankshares currently has an average rating of “Hold” and a consensus price target of $17.00.
In other news, Director William A. Robotham purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The shares were acquired at an average price of $15.50 per share, with a total value of $155,000.00. Following the purchase, the director now directly owns 98,137 shares of the company’s stock, valued at $1,521,123.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Philip Wright purchased 3,617 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average cost of $15.24 per share, for a total transaction of $55,123.08. The disclosure for this purchase can be found here. Insiders acquired a total of 14,358 shares of company stock worth $221,173 in the last ninety days. 10.10% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $108,000. Renaissance Technologies LLC purchased a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $201,000. Intersect Capital LLC purchased a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $270,000. Siena Capital Partners GP LLC boosted its stake in shares of American River Bankshares by 41.5% during the 2nd quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock worth $2,755,000 after acquiring an additional 51,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of American River Bankshares by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 369,239 shares of the financial services provider’s stock worth $5,727,000 after acquiring an additional 3,317 shares in the last quarter. 50.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of AMRB stock opened at $15.06 on Thursday. The stock has a market capitalization of $88.15 million, a P/E ratio of 20.08 and a beta of 0.16. 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 0.13, a quick ratio of 0.58 and a current ratio of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, October 30th. American River Bankshares’s dividend payout ratio is presently 26.67%.
American River Bankshares Company 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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