American River Bankshares (NASDAQ:AMRB) COO Kevin Bender sold 4,878 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $15.01, for a total value of $73,218.78. Following the sale, the chief operating officer now directly owns 13,473 shares of the company’s stock, valued at $202,229.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
American River Bankshares (NASDAQ AMRB) opened at $15.06 on Thursday. The stock has a market capitalization of $92.23, a P/E ratio of 20.32 and a beta of 0.30. American River Bankshares has a one year low of $12.97 and a one year high of $16.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million. American River Bankshares had a return on equity of 5.82% and a net margin of 14.53%. research analysts anticipate that American River Bankshares will post 0.96 earnings per share for the current year.
American River Bankshares declared that its Board of Directors has initiated a share repurchase program on Thursday, October 19th that allows the company to buyback 320,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
Several hedge funds have recently modified their holdings of the company. Maltese Capital Management LLC raised its stake in shares of American River Bankshares by 1.3% during the 4th quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock worth $7,702,000 after buying an additional 6,541 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 purchased a new position in shares of American River Bankshares during the 3rd quarter worth approximately $138,000. Context BH Capital Management LP raised its stake in shares of 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, Vanguard Group Inc. raised 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 worth $3,296,000 after buying an additional 4,667 shares in the last quarter. 55.72% of the stock is owned by institutional investors and hedge funds.
AMRB has been the subject of a number of recent research reports. Zacks Investment Research cut American River Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Sandler O’Neill set a $16.00 target price on American River Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. American River Bankshares presently has an average rating of “Hold” and an average price target of $16.50.
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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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