Insider Selling: Michael A. Ziegler Sells 6,974 Shares of American River Bankshares Stock (AMRB)
American River Bankshares (NASDAQ:AMRB) Director Michael A. Ziegler sold 6,974 shares of American River Bankshares stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $9.05, for a total value of $63,114.70. Following the transaction, the director now directly owns 9,634 shares of the company’s stock, valued at approximately $87,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
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 P/E ratio of 19.98.
American River Bankshares (NASDAQ:AMRB) last announced its earnings results on Thursday, July 17th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts predict that American River Bankshares will post $0.48 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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