American River Bankshares (NASDAQ:AMRB) is set to announce its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.19 earnings per share for the quarter, meeting the 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 expect American River Bankshares to post $0.79 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.
American River Bankshares (NASDAQ:AMRB) opened at 10.91 on Tuesday. American River Bankshares has a one year low of $9.52 and a one year high of $11.19. The company has a market capitalization of $71.86 million, a price-to-earnings ratio of 13.92 and a beta of 0.61. The firm’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.48.
In other American River Bankshares news, CEO David T. Taber sold 3,700 shares of American River Bankshares stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $10.50, for a total transaction of $38,850.00. Following the sale, the chief executive officer now directly owns 153,762 shares of the company’s stock, valued at approximately $1,614,501. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of AMRB. Banc Funds Co. LLC boosted its stake in shares of American River Bankshares by 1.1% in the second quarter. Banc Funds Co. LLC now owns 368,357 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 4,049 shares in the last quarter. BlackRock Institutional Trust Company N.A. bought a new stake in shares of American River Bankshares during the second quarter worth approximately $115,000. Vanguard Group Inc. boosted 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 worth $2,121,000 after buying an additional 7,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $3,351,000 after buying an additional 1,400 shares in the last quarter. 47.73% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut American River Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, September 22nd.
American River Bankshares Company Profile
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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