$5.45 Million in Sales Expected for American River Bankshares (NASDAQ:AMRB) This Quarter
Wall Street brokerages predict that American River Bankshares (NASDAQ:AMRB) will announce $5.45 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for American River Bankshares’ earnings. The highest sales estimate is $5.50 million and the lowest is $5.40 million. American River Bankshares reported sales of $5.48 million during the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The company is expected to issue its next quarterly earnings results on Thursday, October 19th.
On average, analysts expect that American River Bankshares will report full-year sales of $5.45 million for the current financial year. For the next financial year, analysts expect that the business will report sales of $22.65 million per share, with estimates ranging from $22.20 million to $23.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. American River Bankshares had a net margin of 27.46% and a return on equity of 7.40%. The business had revenue of $5.31 million during the quarter, compared to the consensus estimate of $5.35 million.
Separately, Zacks Investment Research raised shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, April 10th.
Shares of American River Bankshares (AMRB) traded down 0.85% during midday trading on Thursday, reaching $14.08. 423 shares of the company’s stock were exchanged. The stock has a market capitalization of $91.31 million, a P/E ratio of 15.06 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. The firm has a 50-day moving average of $14.12 and a 200-day moving average of $14.61.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd will be issued a $0.05 dividend. The ex-dividend date is Monday, July 31st. This represents a $0.20 annualized dividend and a yield of 1.41%. American River Bankshares’s dividend payout ratio (DPR) is presently 10.64%.
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In other news, COO Kevin Bender sold 3,000 shares of American River Bankshares stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.83, for a total value of $44,490.00. Following the completion of the sale, the chief operating officer now directly owns 21,081 shares in the company, valued at $312,631.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.50% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Globeflex Capital L P raised its stake in shares of American River Bankshares by 13,991.8% in the first quarter. Globeflex Capital L P now owns 8,596 shares of the financial services provider’s stock worth $127,000 after buying an additional 8,535 shares in the last quarter. LSV Asset Management raised its stake 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 in the last quarter. Acadian Asset Management LLC raised its stake 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 in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of 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 worth $231,000 after buying an additional 13,981 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of American River Bankshares during the fourth quarter worth approximately $267,000. Hedge funds and other institutional investors own 48.15% 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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