American River Bankshares (AMRB) Upgraded to “Hold” by ValuEngine

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American River Bankshares (NASDAQ:AMRB) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, March 26th.

NASDAQ:AMRB traded up $0.28 on Wednesday, reaching $12.91. The stock had a trading volume of 1,777 shares, compared to its average volume of 1,543. The firm has a market cap of $76.04 million, a PE ratio of 15.55 and a beta of 0.19. American River Bankshares has a 1-year low of $10.50 and a 1-year high of $17.50. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.05). The firm had revenue of $5.96 million during the quarter, compared to analyst estimates of $5.93 million. American River Bankshares had a net margin of 18.88% and a return on equity of 6.34%. On average, research analysts expect that American River Bankshares will post 1 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Siena Capital Partners GP LLC lifted its position in shares of American River Bankshares by 8.2% during the fourth quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock worth $2,966,000 after purchasing an additional 16,082 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of American River Bankshares by 18.5% during the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,900 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of American River Bankshares by 7.7% during the first quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 1,920 shares in the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of American River Bankshares by 3.3% during the fourth quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock worth $9,668,000 after buying an additional 22,388 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of American River Bankshares during the fourth quarter worth approximately $78,000. Institutional investors own 50.99% 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. 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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