American River Bankshares (AMRB) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of American River Bankshares (NASDAQ:AMRB) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “

AMRB has been the topic of a number of other reports. Raymond James upgraded shares of 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. TheStreet upgraded shares of American River Bankshares from a c+ rating to a b rating in a research report on Thursday, October 18th. Finally, ValuEngine lowered shares of American River Bankshares from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $17.00.

Shares of NASDAQ AMRB opened at $14.80 on Friday. American River Bankshares has a 52-week low of $12.21 and a 52-week high of $17.50. The stock has a market capitalization of $86.86 million, a PE ratio of 19.73 and a beta of 0.13. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

American River Bankshares (NASDAQ:AMRB) last announced its 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). American River Bankshares had a net margin of 14.79% and a return on equity of 6.80%. The company had revenue of $5.63 million during the quarter, compared to analyst estimates of $5.60 million. Research analysts predict that American River Bankshares will post 0.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. American River Bankshares’s payout ratio is presently 26.67%.

In other American River Bankshares news, Director Philip Wright purchased 3,617 shares of the stock in a transaction that occurred on 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimberly Ann Box bought 2,900 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was purchased at an average price of $15.15 per share, for a total transaction of $43,935.00. Following the completion of the acquisition, the director now directly owns 19,879 shares in the company, valued at $301,166.85. The disclosure for this purchase can be found here. Insiders have purchased 17,258 shares of company stock worth $265,108 over the last 90 days. 10.10% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Siena Capital Partners GP LLC boosted its holdings in American River Bankshares by 13.1% in the 3rd quarter. Siena Capital Partners GP LLC now owns 196,532 shares of the financial services provider’s stock valued at $3,011,000 after purchasing an additional 22,717 shares during the last quarter. Renaissance Technologies LLC acquired a new position in American River Bankshares in the 2nd quarter valued at about $201,000. Finally, Macquarie Group Ltd. acquired a new position in American River Bankshares in the 2nd quarter valued at about $108,000. Institutional investors own 49.79% of the company’s stock.

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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