Zacks: Brokerages Anticipate American River Bankshares (NASDAQ:AMRB) Will Announce Quarterly Sales of $5.35 Million
Equities analysts expect that American River Bankshares (NASDAQ:AMRB) will post $5.35 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for American River Bankshares’ earnings. The lowest sales estimate is $5.30 million and the highest is $5.40 million. American River Bankshares posted sales of $5.37 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The business is expected to report its next earnings results on Thursday, July 20th.
On average, analysts expect that American River Bankshares will report full-year sales of $5.35 million for the current year, with estimates ranging from $21.50 million to $21.80 million. For the next financial year, analysts forecast that the business will report sales of $22.95 million per share, with estimates ranging from $22.80 million to $23.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $5.23 million during the quarter, compared to the consensus estimate of $5.55 million. American River Bankshares had a return on equity of 7.42% and a net margin of 27.46%.
Separately, Zacks Investment Research raised shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, April 10th.
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In other American River Bankshares news, COO Kevin Bender sold 3,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.83, for a total value of $44,490.00. Following the transaction, the chief operating officer now directly owns 21,081 shares of the company’s stock, valued at approximately $312,631.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC boosted its position in 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 valued at $4,019,000 after buying an additional 35,144 shares in the last quarter. Vanguard Group Inc. boosted its position in American River Bankshares by 9.7% in the first quarter. Vanguard Group Inc. now owns 222,524 shares of the financial services provider’s stock valued at $3,297,000 after buying an additional 19,594 shares in the last quarter. Renaissance Technologies LLC bought a new position in American River Bankshares during the fourth quarter valued at $267,000. Dimensional Fund Advisors LP boosted its position in American River Bankshares by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock valued at $5,099,000 after buying an additional 14,855 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in American River Bankshares by 871.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,585 shares of the financial services provider’s stock valued at $231,000 after buying an additional 13,981 shares in the last quarter. 48.15% of the stock is currently owned by hedge funds and other institutional investors.
American River Bankshares (NASDAQ AMRB) opened at 14.51 on Friday. The company has a market capitalization of $93.76 million, a price-to-earnings ratio of 15.55 and a beta of 0.37. American River Bankshares has a 1-year low of $10.15 and a 1-year high of $15.99. The stock has a 50 day moving average price of $13.94 and a 200-day moving average price of $14.72.
About American River Bankshares
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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