American River Bankshares (NASDAQ:AMRB) – FIG Partners upped their Q2 2018 earnings estimates for American River Bankshares in a note issued to investors on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will post earnings of $0.21 per share for the quarter, up from their prior forecast of $0.20. FIG Partners also issued estimates for American River Bankshares’ Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.86 EPS.

Several other research analysts have also weighed in on AMRB. Zacks Investment Research lowered shares of American River Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. UBS AG lowered shares of American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. lowered shares of American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th.

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Shares of American River Bankshares (NASDAQ:AMRB) opened at 14.90 on Monday. The company has a market capitalization of $93.54 million, a PE ratio of 15.94 and a beta of 0.37. American River Bankshares has a 12-month low of $12.00 and a 12-month high of $15.99. The firm’s 50-day moving average is $14.15 and its 200-day moving average is $14.08.

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

Several institutional investors have recently added to or reduced their stakes in AMRB. Eidelman Virant Capital acquired a new position in shares of American River Bankshares during the 2nd quarter worth about $1,420,000. Hilton Capital Management LLC acquired a new position in shares of American River Bankshares during the 2nd quarter worth about $237,000. Dimensional Fund Advisors LP increased its stake in shares of American River Bankshares by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock worth $5,099,000 after purchasing an additional 14,855 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of 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 worth $372,000 after purchasing an additional 12,114 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of 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 worth $353,000 after purchasing an additional 6,100 shares during the last quarter. Institutional investors own 51.02% of the company’s stock.

In other news, CEO David T. Taber sold 33,753 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $13.85, for a total transaction of $467,479.05. Following the transaction, the chief executive officer now directly owns 165,751 shares in the company, valued at approximately $2,295,651.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.20% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. American River Bankshares’s dividend payout ratio is presently 23.81%.

American River Bankshares announced that its Board of Directors has approved a stock repurchase program on Thursday, October 19th that authorizes the company to buyback 320,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board 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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