American River Bankshares (NASDAQ:AMRB) – FIG Partners raised their FY2019 earnings per share (EPS) estimates for American River Bankshares in a research report issued to clients and investors on Wednesday. FIG Partners analyst T. Coffey now expects that the financial services provider will post earnings per share of $1.10 for the year, up from their previous estimate of $0.96.

AMRB has been the subject of several other reports. Zacks Investment Research downgraded shares of American River Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday.

American River Bankshares (NASDAQ AMRB) traded down $0.68 on Thursday, reaching $15.31. 6,410 shares of the company’s stock traded hands, compared to its average volume of 7,400. American River Bankshares has a 12-month low of $12.97 and a 12-month high of $15.99. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $98.84, a P/E ratio of 18.23 and a beta of 0.34.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share 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 company had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC grew its holdings in shares of American River Bankshares by 23.5% during the third quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock valued at $6,904,000 after buying an additional 95,004 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American River Bankshares by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock valued at $5,069,000 after buying an additional 7,266 shares during the last quarter. Cutler Capital Management LLC acquired a new position in shares of American River Bankshares during the third quarter valued at about $138,000. Context BH Capital Management LP grew its holdings in shares of American River Bankshares by 22.0% during the third quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock valued at $308,000 after buying an additional 4,005 shares during the last quarter. Finally, Globeflex Capital L P grew 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 valued at $159,000 after buying an additional 2,365 shares during the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.

American River Bankshares declared that its Board of Directors has initiated 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 repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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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.

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

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