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

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. “

American River Bankshares (NASDAQ AMRB) traded up $0.05 during trading on Wednesday, hitting $15.00. The stock had a trading volume of 12,901 shares, compared to its average volume of 16,488. American River Bankshares has a 52 week low of $12.97 and a 52 week high of $15.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $94.89, a P/E ratio of 17.71 and a beta of 0.34.

American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%. The firm had revenue of $5.18 million during the quarter, compared to analyst estimates of $5.45 million. sell-side analysts predict that American River Bankshares will post 0.75 EPS for the current year.

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

A number of large investors have recently modified their holdings of AMRB. Dimensional Fund Advisors LP grew its position in American River Bankshares by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock worth $5,099,000 after buying an additional 14,855 shares in the last quarter. Renaissance Technologies LLC grew its position in 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 buying an additional 6,100 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in American River Bankshares during the second quarter worth approximately $237,000. JPMorgan Chase & Co. grew its position in 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 buying an additional 5,443 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of American River Bankshares by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 4,667 shares in the last quarter. 53.84% of the stock is currently owned by institutional investors and hedge funds.

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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.

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