Zacks: Brokerages Set $15.50 Price Target 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.

Brokerages have set a one year consensus price objective of $15.50 for the company and are anticipating that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given American River Bankshares an industry rank of 16 out of 265 based on the ratings given to related companies.

AMRB has been the topic of several analyst reports. Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Sandler O’Neill set a $16.00 target price on shares of American River Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, ValuEngine raised shares of American River Bankshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

American River Bankshares (NASDAQ AMRB) traded down $0.05 on Wednesday, hitting $14.99. 2,989 shares of the company were exchanged, compared to its average volume of 7,716. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64. American River Bankshares has a 52 week low of $12.97 and a 52 week high of $16.49. The stock has a market cap of $92.05, a PE ratio of 30.59 and a beta of 0.30.

American River Bankshares (NASDAQ:AMRB) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million. American River Bankshares had a net margin of 14.53% and a return on equity of 5.82%. equities research analysts anticipate that American River Bankshares will post 0.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, January 30th. American River Bankshares’s dividend payout ratio (DPR) is currently 40.82%.

American River Bankshares declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 19th that allows the company to repurchase 320,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, COO Kevin Bender sold 4,878 shares of American River Bankshares stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $15.01, for a total value of $73,218.78. Following the completion of the transaction, the chief operating officer now owns 13,473 shares in the company, valued at $202,229.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC raised its position in American River Bankshares by 1.3% during the 4th quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock worth $7,702,000 after buying an additional 6,541 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 7,266 shares during the period. Vanguard Group Inc. raised its stake in shares of American River Bankshares by 2.1% during the second 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 during the period. Context BH Capital Management LP raised its stake 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 purchasing an additional 4,005 shares during the period. Finally, Cutler Capital Management LLC purchased a new stake in shares of American River Bankshares during the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 55.72% of the company’s stock.

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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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