$5.30 Million in Sales Expected for American River Bankshares (AMRB) This Quarter

Brokerages expect American River Bankshares (NASDAQ:AMRB) to post $5.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American River Bankshares’ earnings. American River Bankshares reported sales of $5.23 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is expected to report its next quarterly 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, with estimates ranging from $21.70 million to $21.80 million. For the next financial year, analysts anticipate that the company will post sales of $23.15 million per share, with estimates ranging from $22.80 million to $23.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover American River Bankshares.

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American River Bankshares (NASDAQ:AMRB) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The company had revenue of $5.23 million during the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a net margin of 14.53% and a return on equity of 5.92%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Sandler O’Neill set a $16.00 price objective on American River Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, FIG Partners raised American River Bankshares from a “market perform” rating to an “outperform” rating in a report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.50.

Shares of NASDAQ:AMRB remained flat at $$15.50 during trading on Wednesday. The stock had a trading volume of 8,612 shares, compared to its average volume of 8,794. The firm has a market capitalization of $93.79, a price-to-earnings ratio of 20.95 and a beta of 0.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 0.62. American River Bankshares has a 1-year low of $12.21 and a 1-year high of $16.49.

American River Bankshares declared that its Board of Directors has authorized a share buyback program on Thursday, January 25th that allows the company to buyback 310,000 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other American River Bankshares news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 13,473 shares in the company, valued at $202,229.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC purchased a new stake in American River Bankshares during the fourth quarter worth $278,000. Hilton Capital Management LLC boosted its position in American River Bankshares by 83.8% during the fourth quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 13,700 shares in the last quarter. Vanguard Group Inc. boosted its position in American River Bankshares by 2.1% during the second quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after purchasing an additional 4,667 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in American River Bankshares by 2.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock worth $3,975,000 after purchasing an additional 6,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in American River Bankshares by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after purchasing an additional 7,266 shares in the last quarter. 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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Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

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