American River Bankshares (AMRB) Upgraded at ValuEngine

American River Bankshares (AMRB) Upgraded at ValuEngine

ValuEngine upgraded shares of American River Bankshares (NASDAQ:AMRB) from a sell rating to a hold rating in a research note released on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research cut American River Bankshares from a hold rating to a sell rating in a research note on Monday, January 28th.

AMRB traded up $0.23 on Wednesday, hitting $12.86. 81 shares of the company were exchanged, compared to its average volume of 1,543. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.59. American River Bankshares has a 12 month low of $10.50 and a 12 month high of $17.50. The firm has a market cap of $76.04 million, a price-to-earnings ratio of 15.49 and a beta of 0.19.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). American River Bankshares had a return on equity of 6.34% and a net margin of 18.88%. The company had revenue of $5.96 million for the quarter, compared to the consensus estimate of $5.93 million. As a group, sell-side analysts anticipate that American River Bankshares will post 1 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, April 30th. American River Bankshares’s payout ratio is presently 24.10%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRB. Pacific Ridge Capital Partners LLC lifted its stake in shares of American River Bankshares by 17.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 320,222 shares of the financial services provider’s stock valued at $4,163,000 after purchasing an additional 46,694 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of American River Bankshares by 3.3% in the 4th quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock valued at $9,668,000 after purchasing an additional 22,388 shares during the period. Siena Capital Partners GP LLC lifted its stake in shares of American River Bankshares by 8.2% in the 4th quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock valued at $2,966,000 after purchasing an additional 16,082 shares during the period. Phocas Financial Corp. purchased a new position in shares of American River Bankshares in the 4th quarter valued at approximately $78,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of American River Bankshares by 18.5% in the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 2,900 shares during the period. Institutional investors own 50.99% of the company’s stock.

About American River Bankshares

American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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