American River Bankshares (AMRB) to Release Quarterly Earnings on Thursday
American River Bankshares (NASDAQ:AMRB) is scheduled to announce its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. American River Bankshares had a net margin of 24.01% and a return on equity of 6.57%. On average, analysts expect American River Bankshares to post $0.79 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.
American River Bankshares (NASDAQ:AMRB) opened at 10.81 on Wednesday. American River Bankshares has a 52-week low of $9.52 and a 52-week high of $11.19. The stock’s 50 day moving average is $10.64 and its 200-day moving average is $10.48. The stock has a market capitalization of $71.21 million, a price-to-earnings ratio of 13.79 and a beta of 0.61.
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Separately, Zacks Investment Research downgraded shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, June 27th.
In other news, CEO David T. Taber sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $10.50, for a total value of $38,850.00. Following the transaction, the chief executive officer now owns 153,762 shares in the company, valued at $1,614,501. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. bought a new position in shares of American River Bankshares during the second quarter worth $115,000. Vanguard Group Inc. increased its position in shares of American River Bankshares by 3.8% in the second quarter. Vanguard Group Inc. now owns 208,986 shares of the financial services provider’s stock worth $2,121,000 after buying an additional 7,700 shares during the period. Dimensional Fund Advisors LP increased its position in shares of American River Bankshares by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 330,163 shares of the financial services provider’s stock worth $3,351,000 after buying an additional 1,400 shares during the period. Finally, Banc Funds Co. LLC increased its position in shares of American River Bankshares by 1.1% in the second quarter. Banc Funds Co. LLC now owns 368,357 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 4,049 shares during the period. Institutional investors own 47.73% of the company’s stock.
American River Bankshares Company Profile
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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