American River Bankshares Rating Increased to Outperform at Zacks (AMRB)
American River Bankshares (NASDAQ:AMRB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, ARN reports. The firm currently has a $9.40 price target on the stock. Zacks‘ price target points to a potential upside of 7.32% from the company’s current price.
American River Bankshares (NASDAQ:AMRB) traded down 2.96% during mid-day trading on Monday, hitting $8.50. The stock had a trading volume of 7,574 shares. American River Bankshares has a one year low of $6.21 and a one year high of $9.53. The stock’s 50-day moving average is $8.64 and its 200-day moving average is $8.42. The company has a market cap of $75.9 million and a P/E ratio of 25.84.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts predict that American River Bankshares will post $0.32 earnings per share for the current fiscal year.
American River Bankshares is a bank holding company. The Company owns 100% of its banking subsidiary, American River Bank, and American River Financial.
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