American River Bankshares (AMRB) PT Set at $16.00 by Sandler O’Neill

American River Bankshares (NASDAQ:AMRB) has been given a $16.00 price objective by research analysts at Sandler O’Neill in a research note issued on Thursday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 4.17% from the stock’s current price.

Several other brokerages also recently issued reports on AMRB. Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.00.

Shares of American River Bankshares (NASDAQ AMRB) opened at $15.36 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.16. American River Bankshares has a fifty-two week low of $12.97 and a fifty-two week high of $15.99. The firm has a market cap of $101.97, a PE ratio of 18.29 and a beta of 0.34.

American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million. research analysts expect that American River Bankshares will post 0.75 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Maltese Capital Management LLC lifted its position in 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 worth $6,904,000 after buying an additional 95,004 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American River Bankshares by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after buying an additional 7,266 shares in the last quarter. Cutler Capital Management LLC acquired a new position in American River Bankshares during the 3rd quarter worth about $138,000. Context BH Capital Management LP lifted its position in American River Bankshares by 22.0% during the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after buying an additional 4,005 shares in the last quarter. Finally, Globeflex Capital L P lifted its position in American River Bankshares by 27.5% during the 2nd quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,365 shares in the last quarter. Institutional investors and hedge funds own 53.84% of the company’s stock.

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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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