$5.35 Million in Sales Expected for American River Bankshares (AMRB) This Quarter
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.
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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.
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