Zacks: Brokerages Expect American River Bankshares (AMRB) Will Post Quarterly Sales of $5.30 Million

Analysts forecast that American River Bankshares (NASDAQ:AMRB) will report sales of $5.30 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American River Bankshares’ earnings. American River Bankshares reported sales of $5.23 million in the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The company is expected to issue its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that American River Bankshares will report full-year sales of $5.30 million for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post sales of $22.85 million per share, with estimates ranging from $22.80 million to $22.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.23 million during the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a return on equity of 5.82% and a net margin of 14.53%.

A number of research analysts have recently issued reports on AMRB shares. Zacks Investment Research downgraded shares of American River Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sandler O’Neill set a $16.00 target price on shares of American River Bankshares and gave the company a “hold” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. American River Bankshares presently has a consensus rating of “Hold” and a consensus price target of $16.50.

In related news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $15.01, for a total transaction of $73,218.78. Following the transaction, the chief operating officer now owns 13,473 shares in the company, valued at approximately $202,229.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.20% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AMRB. JPMorgan Chase & Co. lifted its position in shares of American River Bankshares by 217.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 5,443 shares during the period. Vanguard Group Inc. lifted its position 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 valued at $3,296,000 after acquiring an additional 4,667 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of American River Bankshares by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock valued at $5,137,000 after acquiring an additional 10,030 shares during the period. Context BH Capital Management LP lifted its position 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 valued at $308,000 after acquiring an additional 4,005 shares during the period. Finally, Cutler Capital Management LLC acquired a new position in shares of American River Bankshares during the 3rd quarter valued at $138,000. Institutional investors own 54.50% of the company’s stock.

American River Bankshares (NASDAQ:AMRB) opened at $14.93 on Monday. The stock has a market cap of $91.56, a P/E ratio of 20.18 and a beta of 0.30. American River Bankshares has a 1 year low of $12.97 and a 1 year high of $16.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.64 and a quick ratio of 0.64.

American River Bankshares declared that its board has initiated a share buyback plan on Thursday, October 19th that authorizes the company to buyback 320,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. American River Bankshares’s payout ratio is presently 40.82%.

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

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