American River Bankshares (AMRB) Upgraded to Buy at ValuEngine

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ValuEngine upgraded shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a buy rating in a research report report published on Friday.

Several other research analysts have also recently commented on AMRB. Zacks Investment Research cut shares of American River Bankshares from a hold rating to a strong sell rating in a report on Wednesday, May 30th. TheStreet cut shares of American River Bankshares from a b rating to a c+ rating in a report on Friday, August 31st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $17.00.

Shares of AMRB opened at $15.80 on Friday. American River Bankshares has a 12 month low of $12.21 and a 12 month high of $17.50. The firm has a market cap of $93.95 million, a P/E ratio of 21.07 and a beta of 0.14. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.13.

American River Bankshares (NASDAQ:AMRB) last announced its earnings results on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. American River Bankshares had a net margin of 14.98% and a return on equity of 6.51%. The business had revenue of $5.50 million during the quarter, compared to analysts’ expectations of $5.35 million. equities research analysts predict that American River Bankshares will post 0.92 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, July 31st. American River Bankshares’s dividend payout ratio is currently 26.67%.

In other news, Director Michael A. Ziegler purchased 3,000 shares of the business’s stock in a transaction on Friday, July 27th. The stock was purchased at an average price of $15.82 per share, for a total transaction of $47,460.00. Following the completion of the purchase, the director now directly owns 25,854 shares in the company, valued at approximately $409,010.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AMRB. Siena Capital Partners GP LLC lifted its stake in American River Bankshares by 41.5% in the second quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 51,008 shares during the last quarter. Intersect Capital LLC acquired a new stake in American River Bankshares in the second quarter valued at $270,000. Renaissance Technologies LLC acquired a new stake in American River Bankshares in the second quarter valued at $201,000. Macquarie Group Ltd. acquired a new stake in American River Bankshares in the second quarter valued at $108,000. Finally, Pacific Ridge Capital Partners LLC lifted its stake in American River Bankshares by 1.5% in the first quarter. Pacific Ridge Capital Partners LLC now owns 264,669 shares of the financial services provider’s stock valued at $4,105,000 after acquiring an additional 3,840 shares during the last quarter. Hedge funds and other institutional investors own 50.62% of the company’s stock.

American River Bankshares Company Profile

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 in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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