Zacks Investment Research Downgrades American River Bankshares (NASDAQ:AMRB) to Sell

Zacks Investment Research lowered shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a sell rating in a research note issued to investors on Monday, July 24th.

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. “

Shares of American River Bankshares (NASDAQ:AMRB) opened at 13.31 on Monday. American River Bankshares has a 12 month low of $10.15 and a 12 month high of $15.99. The company has a 50-day moving average price of $13.99 and a 200-day moving average price of $14.46. The stock has a market cap of $83.56 million, a price-to-earnings ratio of 14.24 and a beta of 0.37.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. American River Bankshares had a return on equity of 7.46% and a net margin of 27.46%. The business had revenue of $5.31 million during the quarter, compared to analyst estimates of $5.35 million. On average, analysts expect that American River Bankshares will post $0.79 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd were issued a dividend of $0.05 per share. The ex-dividend date was Monday, July 31st. This represents a $0.20 annualized dividend and a yield of 1.50%. American River Bankshares’s dividend payout ratio (DPR) is currently 21.28%.

In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.85, for a total transaction of $467,479.05. Following the transaction, the chief executive officer now directly owns 165,751 shares in the company, valued at $2,295,651.35. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of AMRB. Eidelman Virant Capital bought a new position in American River Bankshares during the second quarter valued at $1,420,000. Pacific Ridge Capital Partners LLC raised its position in American River Bankshares by 14.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 271,212 shares of the financial services provider’s stock valued at $4,019,000 after buying an additional 35,144 shares during the period. Renaissance Technologies LLC bought a new position in American River Bankshares during the fourth quarter valued at $267,000. Hilton Capital Management LLC bought a new position in American River Bankshares during the second quarter valued at $237,000. Finally, Dimensional Fund Advisors LP raised its position in American River Bankshares by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock valued at $5,099,000 after buying an additional 14,855 shares during the period. Institutional investors own 49.42% of the company’s stock.

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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