Wall Street brokerages expect American River Bankshares (NASDAQ:AMRB) to post $5.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American River Bankshares’ earnings. American River Bankshares reported sales of $5.11 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The firm is scheduled to announce its next earnings report on Thursday, April 18th.
According to Zacks, analysts expect that American River Bankshares will report full-year sales of $24.30 million for the current year. For the next financial year, analysts forecast that the company will report sales of $26.45 million, with estimates ranging from $26.10 million to $26.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, January 24th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). American River Bankshares had a net margin of 20.63% and a return on equity of 6.81%. The company had revenue of $5.92 million during the quarter, compared to analyst estimates of $5.80 million.
AMRB has been the topic of a number of research analyst reports. TheStreet upgraded shares of American River Bankshares from a “c+” rating to a “b” rating in a research report on Thursday, October 18th. Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, December 24th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
American River Bankshares stock traded up $0.11 during mid-day trading on Monday, reaching $13.64. The company had a trading volume of 9,300 shares, compared to its average volume of 3,732. American River Bankshares has a fifty-two week low of $10.50 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $79.40 million, a P/E ratio of 16.43 and a beta of 0.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 13th. Stockholders of record on Wednesday, January 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, January 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. American River Bankshares’s dividend payout ratio (DPR) is presently 24.10%.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of American River Bankshares during the second quarter worth $108,000. Renaissance Technologies LLC acquired a new position in shares of American River Bankshares during the second quarter worth $201,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of American River Bankshares by 18.5% during the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,900 shares during the period. Finally, Siena Capital Partners GP LLC lifted its holdings in shares of American River Bankshares by 8.2% during the fourth quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock worth $2,966,000 after purchasing an additional 16,082 shares during the period. Institutional investors own 50.08% 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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