American River Bankshares (NASDAQ:AMRB) Announces Quarterly Dividend of $0.05
American River Bankshares (NASDAQ:AMRB) announced a quarterly dividend on Thursday, July 20th, Zacks reports. Investors of record on Wednesday, August 2nd will be given a dividend of 0.05 per share by the financial services provider on Wednesday, August 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, July 31st.
American River Bankshares (AMRB) remained flat at $13.95 during mid-day trading on Friday. The stock had a trading volume of 3,222 shares. The firm’s 50-day moving average price is $14.09 and its 200 day moving average price is $14.66. The company has a market cap of $90.14 million, a P/E ratio of 14.95 and a beta of 0.38. American River Bankshares has a 12 month low of $10.15 and a 12 month high of $15.99.
American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $5.31 million for the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a net margin of 27.46% and a return on equity of 7.42%. On average, equities research analysts anticipate that American River Bankshares will post $0.79 earnings per share for the current fiscal year.
In related news, COO Kevin Bender sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.83, for a total transaction of $44,490.00. Following the sale, 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 legal filing with the SEC, which is available through this link. Corporate insiders own 12.50% of the company’s stock.
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Separately, Zacks Investment Research upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, April 10th.
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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