Zacks: Analysts Set $15.50 Target Price for American River Bankshares (AMRB)

Shares of American River Bankshares (NASDAQ:AMRB) have been assigned an average broker rating score of 4.00 (Sell) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and one has assigned a hold rating to the company. American River Bankshares’ rating score has declined by 9% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price objective of $15.50 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given American River Bankshares an industry rank of 6 out of 265 based on the ratings given to related companies.

A number of analysts have issued reports on AMRB shares. Zacks Investment Research downgraded shares of American River Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Sandler O’Neill set a $16.00 price target on shares of American River Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th.

Shares of American River Bankshares (AMRB) traded down $0.11 during midday trading on Friday, reaching $15.62. 2,700 shares of the company’s stock were exchanged, compared to its average volume of 6,800. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $100.12, a P/E ratio of 18.60 and a beta of 0.35. American River Bankshares has a one year low of $12.97 and a one year high of $16.49.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million. American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%. equities analysts anticipate that American River Bankshares will post 0.75 earnings per share for the current fiscal year.

American River Bankshares announced that its board has authorized a share repurchase program on Thursday, October 19th that allows the company to repurchase 320,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a $0.05 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. American River Bankshares’s dividend payout ratio (DPR) is presently 23.81%.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of American River Bankshares by 217.7% in the 2nd 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 during the last quarter. Cutler Capital Management LLC purchased a new position in shares of American River Bankshares during the 3rd quarter worth about $138,000. Globeflex Capital L P boosted its stake in shares of 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 worth $159,000 after purchasing an additional 2,365 shares during the period. Context BH Capital Management LP boosted its stake in shares of American River Bankshares by 22.0% during the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 4,005 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of American River Bankshares by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after purchasing an additional 4,667 shares during the period. Hedge funds and other institutional investors own 53.84% of the company’s stock.

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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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