American River Bankshares (NASDAQ:AMRB) – Stock analysts at FIG Partners reduced their FY2017 earnings per share estimates for American River Bankshares in a research report issued on Friday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will post earnings per share of $0.77 for the year, down from their previous estimate of $0.80. FIG Partners also issued estimates for American River Bankshares’ Q4 2017 earnings at $0.20 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.24 EPS and FY2019 earnings at $0.95 EPS.

American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The business had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million. American River Bankshares had a return on equity of 6.65% and a net margin of 24.61%.

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A number of other research analysts have also commented on the company. Zacks Investment Research lowered American River Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. UBS AG lowered American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. lowered 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) opened at 14.35 on Monday. The company has a market capitalization of $90.09 million, a P/E ratio of 15.35 and a beta of 0.37. American River Bankshares has a one year low of $10.94 and a one year high of $15.99. The firm has a 50-day moving average price of $13.98 and a 200-day moving average price of $14.07.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRB. JPMorgan Chase & Co. raised its position in American River Bankshares by 217.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 5,443 shares during the last quarter. Globeflex Capital L P raised its position in American River Bankshares by 27.5% during the 2nd quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 2,365 shares during the last quarter. Hilton Capital Management LLC bought a new position in American River Bankshares during the 2nd quarter valued at approximately $237,000. Renaissance Technologies LLC raised its position in American River Bankshares by 34.5% during the 1st quarter. Renaissance Technologies LLC now owns 23,800 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in American River Bankshares by 89.5% during the 2nd quarter. Wedbush Securities Inc. now owns 25,643 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 12,114 shares during the last quarter. 51.03% of the stock is owned by institutional investors and hedge funds.

In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the company’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 completion of the transaction, the chief executive officer now owns 165,751 shares of the company’s stock, valued at approximately $2,295,651.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.50% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, October 31st. American River Bankshares’s payout ratio is 23.81%.

American River Bankshares declared that its board has approved a share repurchase plan on Thursday, October 19th that allows the company to buyback 320,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.

Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

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