Brokerages Anticipate American River Bankshares (AMRB) Will Post Quarterly Sales of $5.35 Million

Analysts predict that American River Bankshares (NASDAQ:AMRB) will report $5.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for American River Bankshares’ earnings, with the lowest sales estimate coming in at $5.30 million and the highest estimate coming in at $5.40 million. American River Bankshares reported sales of $5.64 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that American River Bankshares will report full year sales of $5.35 million for the current fiscal year, with estimates ranging from $21.00 million to $21.20 million. For the next financial year, analysts forecast that the firm will post sales of $21.95 million per share, with estimates ranging from $21.90 million to $22.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The business had revenue of $5.18 million during the quarter, compared to analyst estimates of $5.45 million. American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%.

Separately, Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday.

Shares of American River Bankshares (AMRB) traded up $0.11 during midday trading on Friday, hitting $15.10. 3,227 shares of the stock were exchanged, compared to its average volume of 10,106. The firm has a market cap of $97.00, a P/E ratio of 17.98 and a beta of 0.35. 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 fifty-two week low of $12.97 and a fifty-two week high of $15.99.

American River Bankshares declared that its Board of Directors has approved a stock buyback plan on Thursday, October 19th that allows the company to repurchase 320,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds have recently modified their holdings of AMRB. Dimensional Fund Advisors LP lifted its position in shares of American River Bankshares by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock worth $5,099,000 after purchasing an additional 14,855 shares during the last quarter. Globeflex Capital L P lifted its position 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 last quarter. Maltese Capital Management LLC lifted its position in shares of American River Bankshares by 23.5% during the 3rd quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock worth $6,904,000 after purchasing an additional 95,004 shares during the last quarter. 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 worth $308,000 after purchasing an additional 4,005 shares during the last quarter. Finally, 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 worth $115,000 after purchasing an additional 5,443 shares during the last quarter. 53.84% of the stock is owned by institutional investors.

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

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