Brokerages expect American River Bankshares (NASDAQ:AMRB) to report $5.60 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American River Bankshares’ earnings. American River Bankshares posted sales of $5.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 18th.
On average, analysts expect that American River Bankshares will report full year sales of $22.05 million for the current fiscal year, with estimates ranging from $21.90 million to $22.20 million. For the next financial year, analysts anticipate that the business will report sales of $24.25 million, with estimates ranging from $24.00 million to $24.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. American River Bankshares had a net margin of 14.98% and a return on equity of 6.51%. The business had revenue of $5.50 million for the quarter, compared to the consensus estimate of $5.35 million.
Several research firms recently issued reports on AMRB. ValuEngine downgraded shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. TheStreet downgraded shares of American River Bankshares from a “b” rating to a “c+” rating in a research note on Friday, August 31st. Finally, Zacks Investment Research downgraded shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. American River Bankshares currently has an average rating of “Hold” and an average price target of $17.00.
American River Bankshares stock traded down $0.16 during midday trading on Wednesday, hitting $15.04. 6,202 shares of the stock were exchanged, compared to its average volume of 7,568. American River Bankshares has a 1 year low of $12.21 and a 1 year high of $17.50. The company has a market capitalization of $89.85 million, a price-to-earnings ratio of 20.05 and a beta of 0.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.58.
In other news, Director Michael A. Ziegler purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were purchased at an average price of $15.82 per share, with a total value of $47,460.00. Following the purchase, the director now directly owns 25,854 shares of the company’s stock, valued at approximately $409,010.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 3,317 shares during the period. Macquarie Group Ltd. bought a new stake in shares of American River Bankshares in the 2nd quarter worth about $108,000. Renaissance Technologies LLC bought a new stake in shares of American River Bankshares in the 2nd quarter worth about $201,000. Intersect Capital LLC bought a new stake in shares of American River Bankshares in the 2nd quarter worth about $270,000. Finally, Siena Capital Partners GP LLC increased its position in shares of American River Bankshares by 41.5% in 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 purchasing an additional 51,008 shares during the last quarter. 50.62% of the stock is currently owned by hedge funds and other institutional investors.
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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