Equities analysts predict that American River Bankshares (NASDAQ:AMRB) will announce sales of $5.35 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American River Bankshares’ earnings, with estimates ranging from $5.3 million to $5.4 million. American River Bankshares reported sales of $5.37 million in the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The business is expected to report its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that American River Bankshares will report full year sales of $5.35 million for the current fiscal year, with estimates ranging from $21.5 million to $21.8 million. For the next fiscal year, analysts expect that the firm will report sales of $22.95 million per share, with estimates ranging from $22.8 million to $23.1 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.02. American River Bankshares had a net margin of 27.61% and a return on equity of 7.58%. The business had revenue of $5.23 million during the quarter, compared to analysts’ expectations of $5.55 million.

Separately, Zacks Investment Research lowered American River Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th.

In other American River Bankshares news, COO Kevin Bender sold 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.83, for a total transaction of $44,490.00. Following the completion of the transaction, the chief operating officer now directly owns 21,081 shares of the company’s stock, valued at approximately $312,631.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC raised its position in shares of American River Bankshares by 14.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 271,212 shares of the financial services provider’s stock worth $4,019,000 after buying an additional 35,144 shares during the last quarter. Context BH Capital Management LP raised its position in shares of American River Bankshares by 0.7% in the first quarter. Context BH Capital Management LP now owns 18,231 shares of the financial services provider’s stock worth $270,000 after buying an additional 132 shares during the last quarter. LSV Asset Management raised its position in shares of American River Bankshares by 116.2% in the first quarter. LSV Asset Management now owns 12,279 shares of the financial services provider’s stock worth $181,000 after buying an additional 6,600 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of American River Bankshares by 729.4% in the first quarter. Acadian Asset Management LLC now owns 13,395 shares of the financial services provider’s stock worth $198,000 after buying an additional 11,780 shares during the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of American River Bankshares during the fourth quarter worth about $1,503,000. 48.09% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “$5.35 Million in Sales Expected for American River Bankshares (AMRB) This Quarter” was posted by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/05/11/5-35-million-in-sales-expected-for-american-river-bankshares-amrb-this-quarter.html.

Shares of American River Bankshares (NASDAQ:AMRB) opened at 14.34 on Thursday. The stock has a market capitalization of $94.31 million, a P/E ratio of 15.30 and a beta of 0.53. The company has a 50 day moving average price of $14.85 and a 200-day moving average price of $14.54. American River Bankshares has a 1-year low of $10.01 and a 1-year high of $15.99.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Wednesday, May 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, May 1st. American River Bankshares’s payout ratio is currently 21.28%.

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.

5 Day Chart for NASDAQ:AMRB

Get a free copy of the Zacks research report on American River Bankshares (AMRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.