American River Bankshares (AMRB) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of American River Bankshares (NASDAQ:AMRB) from a sell rating to a hold rating in a research note released on Monday morning.

According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “

Separately, ValuEngine upgraded American River Bankshares from a hold rating to a buy rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $16.00.

American River Bankshares (AMRB) opened at $15.31 on Monday. The stock has a market capitalization of $98.84, a P/E ratio of 18.23 and a beta of 0.34. American River Bankshares has a twelve month low of $12.97 and a twelve month high of $15.99. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). American River Bankshares had a return on equity of 6.66% and a net margin of 24.61%. The business had revenue of $5.18 million for the quarter, compared to the consensus estimate of $5.45 million. sell-side analysts anticipate that American River Bankshares will post 0.75 earnings per share for the current fiscal year.

American River Bankshares declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 19th that authorizes the company to buyback 320,000 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently modified their holdings of the business. Maltese Capital Management LLC increased its position in shares of American River Bankshares by 23.5% during the 3rd quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock valued at $6,904,000 after purchasing an additional 95,004 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American River Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after acquiring an additional 10,030 shares during the last quarter. Cutler Capital Management LLC purchased a new stake in American River Bankshares in the 3rd quarter worth about $138,000. JPMorgan Chase & Co. increased its holdings in American River Bankshares by 217.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 5,443 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in American River Bankshares by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after acquiring an additional 4,667 shares during the last quarter. Institutional investors and hedge funds own 53.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “American River Bankshares (AMRB) Upgraded to Hold by Zacks Investment Research” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3126366/american-river-bankshares-amrb-upgraded-to-hold-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on American River Bankshares (AMRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.