American River Bank (AMRB) Receives Consensus Recommendation of “Hold” from Analysts

American River Bank (NASDAQ:AMRB) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.00.

A number of research analysts have recently commented on AMRB shares. Zacks Investment Research cut American River Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. FIG Partners upgraded American River Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 29th. Finally, ValuEngine upgraded American River Bank from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

American River Bank opened at $15.58 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. American River Bank has a fifty-two week low of $12.21 and a fifty-two week high of $16.49. The firm has a market cap of $91.27 million, a price-to-earnings ratio of 20.77 and a beta of 0.29.

American River Bank (NASDAQ:AMRB) last released its earnings results on Thursday, April 19th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). American River Bank had a return on equity of 6.34% and a net margin of 15.32%. The business had revenue of $5.11 million for the quarter, compared to the consensus estimate of $5.30 million. analysts predict that American River Bank will post 0.91 EPS for the current fiscal year.

American River Bank declared that its Board of Directors has approved a share buyback plan on Thursday, January 25th that permits the company to repurchase 310,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, May 1st. American River Bank’s payout ratio is 26.67%.

In other news, CEO David E. Ritchie, Jr. purchased 2,449 shares of the company’s stock in a transaction dated Monday, April 30th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $38,130.93. Following the purchase, the chief executive officer now owns 14,112 shares of the company’s stock, valued at $219,723.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David E. Ritchie, Jr. purchased 2,250 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was purchased at an average price of $15.65 per share, with a total value of $35,212.50. Following the completion of the purchase, the chief executive officer now directly owns 20,987 shares in the company, valued at approximately $328,446.55. The disclosure for this purchase can be found here. Insiders bought a total of 9,203 shares of company stock valued at $143,335 over the last quarter. 10.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AMRB. Dimensional Fund Advisors LP increased its holdings in American River Bank by 2.1% in 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. Maltese Capital Management LLC increased its holdings in American River Bank by 1.3% in the fourth quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock valued at $7,702,000 after purchasing an additional 6,541 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in American River Bank by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock valued at $3,975,000 after purchasing an additional 6,140 shares during the period. LPL Financial LLC acquired a new stake in American River Bank in the fourth quarter valued at $278,000. Finally, Hilton Capital Management LLC increased its holdings in American River Bank by 83.8% in the fourth quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 13,700 shares during the period. Institutional investors own 55.32% of the company’s stock.

American River Bank Company Profile

American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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