North Star Asset Management Inc. held its position in American River Bankshares (NASDAQ:AMRB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,024 shares of the financial services provider’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in American River Bankshares were worth $102,000 as of its most recent filing with the SEC.
Separately, Hilton Capital Management LLC raised its position in 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 during the last quarter. 48.22% of the stock is owned by institutional investors and hedge funds.
American River Bankshares (NASDAQ:AMRB) traded up 0.18% on Thursday, reaching $10.98. 202 shares of the company traded hands. The firm has a 50 day moving average of $10.58 and a 200-day moving average of $10.46. The stock has a market capitalization of $72.33 million, a PE ratio of 14.01 and a beta of 0.61. American River Bankshares has a one year low of $9.49 and a one year high of $11.19.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, July 21st. The financial services provider reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. American River Bankshares had a return on equity of 6.57% and a net margin of 24.01%. On average, analysts anticipate that American River Bankshares will post $0.79 EPS for the current year.
Separately, Zacks Investment Research lowered shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, June 27th.
In other American River Bankshares news, CEO David T. Taber sold 3,700 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $10.50, for a total transaction of $38,850.00. Following the completion of the transaction, the chief executive officer now owns 153,762 shares of the company’s stock, valued at $1,614,501. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.50% of the company’s stock.
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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