American River Bankshares (AMRB) Rating Increased to Hold at Zacks Investment Research

American River Bankshares (NASDAQ:AMRB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

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. “

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of American River Bankshares from a “c+” rating to a “b” rating in a report on Thursday, October 18th. ValuEngine raised shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Finally, Raymond James raised shares of American River Bankshares from an “underperform” rating to a “market perform” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.00.

AMRB stock opened at $14.82 on Friday. The stock has a market capitalization of $87.15 million, a P/E ratio of 19.76 and a beta of 0.16. American River Bankshares has a fifty-two week low of $12.21 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.59.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $5.63 million during the quarter, compared to analyst estimates of $5.60 million. American River Bankshares had a return on equity of 6.80% and a net margin of 14.79%. On average, analysts anticipate that American River Bankshares will post 0.88 EPS for the current fiscal year.

In other American River Bankshares news, Director Kimberly Ann Box purchased 2,900 shares of the company’s stock in a transaction on Friday, November 9th. The shares were purchased at an average cost of $15.15 per share, for a total transaction of $43,935.00. Following the completion of the transaction, the director now owns 19,879 shares in the company, valued at $301,166.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip Wright purchased 3,617 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $15.24 per share, for a total transaction of $55,123.08. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,258 shares of company stock worth $265,108. 10.10% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Siena Capital Partners GP LLC raised its position in American River Bankshares by 13.1% in the third quarter. Siena Capital Partners GP LLC now owns 196,532 shares of the financial services provider’s stock worth $3,011,000 after acquiring an additional 22,717 shares in the last quarter. Macquarie Group Ltd. bought a new stake in American River Bankshares in the second quarter worth about $108,000. Finally, Renaissance Technologies LLC bought a new stake in American River Bankshares in the second quarter worth about $201,000. Hedge funds and other institutional investors own 50.52% of the company’s stock.

About American River Bankshares

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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