American River Bankshares (NASDAQ:AMRB) has been assigned an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. American River Bankshares’ rating score has declined by 25% in the last three months as a result of a number of analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $11.50 for the company and are expecting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned American River Bankshares an industry rank of 178 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of American River Bankshares from a “buy” rating to a “hold” rating in a report on Monday, June 27th.
In related news, CEO David T. Taber sold 3,700 shares of American River Bankshares stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $10.50, for a total value of $38,850.00. Following the sale, the chief executive officer now directly owns 153,762 shares in the company, valued at approximately $1,614,501. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Beese Fulmer Investment Management Inc. purchased a new stake in shares of American River Bankshares during the second quarter valued at $107,000. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of American River Bankshares during the second quarter valued at $115,000. Hilton Capital Management LLC increased its stake in shares of American River Bankshares by 103.7% in the second quarter. Hilton Capital Management LLC now owns 22,555 shares of the financial services provider’s stock valued at $232,000 after buying an additional 11,485 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of American River Bankshares by 3.8% in the second quarter. Vanguard Group Inc. now owns 208,986 shares of the financial services provider’s stock valued at $2,121,000 after buying an additional 7,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of American River Bankshares by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 330,163 shares of the financial services provider’s stock valued at $3,351,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 48.22% of the company’s stock.
Shares of American River Bankshares (NASDAQ:AMRB) opened at 10.84 on Thursday. American River Bankshares has a 52-week low of $9.42 and a 52-week high of $11.19. The firm has a market capitalization of $71.40 million, a price-to-earnings ratio of 13.83 and a beta of 0.60. The stock has a 50 day moving average of $10.45 and a 200 day moving average of $10.41.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. American River Bankshares had a net margin of 24.01% and a return on equity of 6.57%. On average, analysts predict that American River Bankshares will post $0.79 EPS for the current fiscal year.
About American River Bankshares
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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