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

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 have also recently issued reports about the stock. Raymond James Financial, Inc. cut shares of American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. UBS AG cut shares of American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th.

American River Bankshares (AMRB) traded up 0.70% on Monday, reaching $14.45. 2,410 shares of the company traded hands. The stock has a market capitalization of $90.72 million, a price-to-earnings ratio of 15.45 and a beta of 0.37. American River Bankshares has a 1-year low of $10.94 and a 1-year high of $15.99. The stock’s 50-day moving average is $13.98 and its 200-day moving average is $14.07.

American River Bankshares (NASDAQ:AMRB) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The business had revenue of $5.18 million for the quarter, compared to analysts’ expectations of $5.45 million. American River Bankshares had a net margin of 24.61% and a return on equity of 6.65%. Equities research analysts expect that American River Bankshares will post $0.77 EPS for the current year.

American River Bankshares declared that its Board of Directors has authorized a share buyback program on Thursday, October 19th that authorizes the company to buyback 320,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position 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 last quarter. Globeflex Capital L P boosted its position 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 last quarter. Hilton Capital Management LLC bought a new position in shares of American River Bankshares during the second quarter worth $237,000. Renaissance Technologies LLC boosted its position in shares of American River Bankshares by 34.5% during the first quarter. Renaissance Technologies LLC now owns 23,800 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 6,100 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of American River Bankshares by 89.5% during the second quarter. Wedbush Securities Inc. now owns 25,643 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 12,114 shares during the last quarter. Hedge funds and other 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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