Zacks: Brokerages Anticipate American River Bankshares (AMRB) Will Announce Quarterly Sales of $5.80 Million

Wall Street brokerages expect that American River Bankshares (NASDAQ:AMRB) will post sales of $5.80 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American River Bankshares’ earnings. American River Bankshares posted sales of $5.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The business is expected to issue its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that American River Bankshares will report full year sales of $22.10 million for the current fiscal year, with estimates ranging from $22.00 million to $22.20 million. For the next financial year, analysts expect that the firm will report sales of $24.30 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $5.63 million during the quarter, compared to analysts’ expectations of $5.60 million. American River Bankshares had a net margin of 14.79% and a return on equity of 6.80%.

Several analysts have issued reports on AMRB shares. ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. TheStreet cut American River Bankshares from a “b” rating to a “c+” rating in a research note on Friday, August 31st. Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Raymond James upgraded American River Bankshares from an “underperform” rating to a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

NASDAQ AMRB traded down $0.03 on Tuesday, hitting $14.82. 2,357 shares of the stock traded hands, compared to its average volume of 4,292. American River Bankshares has a twelve month low of $12.21 and a twelve month high of $17.50. The stock has a market capitalization of $86.97 million, a P/E ratio of 19.76 and a beta of 0.16. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.13.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, October 30th. American River Bankshares’s payout ratio is currently 26.67%.

In other news, Director Kimberly Ann Box acquired 2,900 shares of the business’s stock in a transaction on Friday, November 9th. The shares were purchased at an average price of $15.15 per share, for a total transaction of $43,935.00. Following the completion of the purchase, the director now directly owns 19,879 shares of the company’s stock, valued at approximately $301,166.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Robotham acquired 10,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the director now directly owns 98,137 shares of the company’s stock, valued at $1,521,123.50. The disclosure for this purchase can be found here. Insiders have acquired 17,258 shares of company stock worth $265,108 in the last 90 days. 10.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMRB. Siena Capital Partners GP LLC raised its stake in American River Bankshares by 13.1% during the third quarter. Siena Capital Partners GP LLC now owns 196,532 shares of the financial services provider’s stock valued at $3,011,000 after buying an additional 22,717 shares in the last quarter. Intersect Capital LLC acquired a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $270,000. Renaissance Technologies LLC acquired a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $201,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of American River Bankshares during the 2nd quarter worth approximately $108,000. Hedge funds and other institutional investors own 50.52% of the company’s stock.

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

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