Insider Selling: William A. Robotham Sells 4,000 Shares of American River Bankshares Stock (AMRB)
American River Bankshares (NASDAQ:AMRB) Director William A. Robotham unloaded 4,000 shares of American River Bankshares stock on the open market in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $9.17, for a total transaction of $36,680.00. Following the completion of the transaction, the director now directly owns 89,939 shares in the company, valued at approximately $824,741. The transaction was disclosed in a document filed with the SEC, 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, July 22nd. They now have a $10.30 price target on the stock.
Shares of American River Bankshares (NASDAQ:AMRB) traded down 1.83% on Thursday, hitting $9.13. The stock had a trading volume of 54,916 shares. 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 $8.92 and its 200-day moving average is $9.32. The company has a market cap of $72.7 million and a P/E ratio of 20.62.
American River Bankshares (NASDAQ:AMRB) last announced its 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. 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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