Wall Street analysts predict that American River Bankshares (NASDAQ:AMRB) will report $5.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American River Bankshares’ earnings. American River Bankshares posted sales of $5.23 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The company is expected to announce its next earnings report on Thursday, April 19th.
On average, analysts expect that American River Bankshares will report full-year sales of $5.30 million for the current year. For the next financial year, analysts forecast that the company will post sales of $22.85 million per share, with estimates ranging from $22.80 million to $22.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). American River Bankshares had a net margin of 14.53% and a return on equity of 5.92%. The business had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million.
AMRB stock traded down $0.07 during midday trading on Friday, hitting $15.26. 8,530 shares of the stock traded hands, compared to its average volume of 13,269. American River Bankshares has a 12-month low of $12.21 and a 12-month high of $16.49. The stock has a market cap of $92.28, a price-to-earnings ratio of 20.61 and a beta of 0.31. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.16.
American River Bankshares declared that its Board of Directors has initiated a share buyback plan on Thursday, January 25th that authorizes the company to buyback 310,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
In related news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $15.01, for a total transaction of $73,218.78. Following the completion of the transaction, the chief operating officer now directly owns 13,473 shares in the company, valued at approximately $202,229.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 12.50% of the company’s stock.
Several large investors have recently made changes to their positions in AMRB. Vanguard Group Inc. grew its stake in shares of American River Bankshares by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after acquiring an additional 4,667 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of American River Bankshares by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock valued at $5,137,000 after acquiring an additional 10,030 shares during the period. Cutler Capital Management LLC bought a new position in shares of American River Bankshares during the 3rd quarter valued at approximately $138,000. Maltese Capital Management LLC grew its stake 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 acquiring an additional 95,004 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of American River Bankshares by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock valued at $3,975,000 after acquiring an additional 6,140 shares during the period. Institutional investors own 52.22% 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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