American River Bankshares EVP Buys $18,200 in Stock (AMRB)
American River Bankshares (NASDAQ:AMRB) EVP Loren E. Hunter bought 2,000 shares of American River Bankshares stock in a transaction that occurred on Tuesday, July 22nd. The shares were purchased at an average cost of $9.10 per share, for a total transaction of $18,200.00. Following the transaction, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $18,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of American River Bankshares (NASDAQ:AMRB) traded up 0.44% during mid-day trading on Tuesday, hitting $9.05. 23,937 shares of the company’s stock traded hands. American River Bankshares has a 52 week low of $7.86 and a 52 week high of $10.29. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $9.3. The company has a market cap of $72.0 million and a price-to-earnings ratio of 19.98.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02. During the same quarter last year, the company posted $0.07 earnings per share. Analysts expect that American River Bankshares will post $0.48 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of American River Bankshares from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $10.30 price target on the stock.
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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