American River Bankshares (NASDAQ:AMRB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “

Other analysts also recently issued research reports about the company. Raymond James Financial, Inc. downgraded American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. UBS AG downgraded American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th.

Shares of American River Bankshares (NASDAQ AMRB) traded up 1.07% on Friday, hitting $13.27. The stock had a trading volume of 4,950 shares. The firm’s 50 day moving average is $13.48 and its 200-day moving average is $14.22. American River Bankshares has a one year low of $10.31 and a one year high of $15.99. The stock has a market capitalization of $83.31 million, a PE ratio of 14.19 and a beta of 0.39.

American River Bankshares (NASDAQ:AMRB) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $5.31 million for the quarter, compared to the consensus estimate of $5.35 million. American River Bankshares had a return on equity of 7.46% and a net margin of 27.46%. Equities research analysts expect that American River Bankshares will post $0.79 earnings per share for the current fiscal year.

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In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.85, for a total transaction of $467,479.05. Following the transaction, the chief executive officer now owns 165,751 shares of the company’s stock, valued at $2,295,651.35. The sale was disclosed in a document filed with the SEC, which is available through this link. 12.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of American River Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after acquiring an additional 10,030 shares during the period. Globeflex Capital L P boosted its holdings in shares of American River Bankshares by 27.5% during the second quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 2,365 shares during the period. Vanguard Group Inc. boosted its holdings in shares of American River Bankshares by 2.1% during the second quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after acquiring an additional 4,667 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of American River Bankshares by 217.7% during the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 5,443 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in shares of American River Bankshares during the second quarter worth approximately $237,000. Institutional investors own 51.03% 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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