Zacks Investment Research Lowers American River Bankshares (AMRB) to Hold

American River Bankshares (NASDAQ:AMRB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Several other equities analysts have also recently issued reports on the company. Sandler O’Neill set a $16.00 target price on American River Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.50.

American River Bankshares (NASDAQ:AMRB) traded up $0.19 during midday trading on Tuesday, reaching $15.12. The company’s stock had a trading volume of 8,700 shares, compared to its average volume of 10,507. 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 has a 52 week low of $12.97 and a 52 week high of $16.49. The firm has a market cap of $91.56, a PE ratio of 30.86 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). American River Bankshares had a return on equity of 5.82% and a net margin of 14.53%. The business had revenue of $5.23 million for the quarter, compared to analyst estimates of $5.35 million. research analysts predict that American River Bankshares will post 0.96 earnings per share for the current year.

American River Bankshares declared that its board has initiated a stock buyback program on Thursday, October 19th that allows the company to buyback 320,000 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

In other American River Bankshares news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.20% of the company’s stock.

Several large investors have recently made changes to their positions in AMRB. Pacific Ridge Capital Partners LLC boosted its stake in shares of American River Bankshares by 6.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 266,616 shares of the financial services provider’s stock worth $2,821,000 after acquiring an additional 15,410 shares in the last quarter. M3F Inc. purchased a new stake in shares of American River Bankshares during the 4th quarter worth approximately $4,391,000. Dimensional Fund Advisors LP boosted its stake in shares of American River Bankshares by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 328,763 shares of the financial services provider’s stock worth $3,478,000 after acquiring an additional 1,102 shares in the last quarter. Hilton Capital Management LLC boosted its stake in shares of American River Bankshares by 103.7% during the 2nd quarter. Hilton Capital Management LLC now owns 22,555 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 11,485 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $107,000. 54.50% 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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