American River Bankshares (NASDAQ:AMRB) Short Interest Update

American River Bankshares (NASDAQ:AMRB) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 9,900 shares, a decrease of 59.3% from the March 15th total of 24,300 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 12,600 shares, the short-interest ratio is currently 0.8 days.

Shares of AMRB opened at $16.15 on Friday. The stock’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $12.98. The stock has a market capitalization of $96.27 million, a price-to-earnings ratio of 14.68 and a beta of 0.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.73 and a current ratio of 0.73. American River Bankshares has a 52-week low of $8.90 and a 52-week high of $17.24.

American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Wednesday, January 27th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. American River Bankshares had a return on equity of 7.35% and a net margin of 22.23%. The firm had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.80 million. On average, research analysts forecast that American River Bankshares will post 1.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 17th. Shareholders of record on Wednesday, February 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. American River Bankshares’s payout ratio is currently 29.79%.

Several large investors have recently added to or reduced their stakes in AMRB. State Street Corp purchased a new stake in shares of American River Bankshares in the 3rd quarter valued at about $220,000. Alliancebernstein L.P. raised its holdings in shares of American River Bankshares by 1.7% in the 4th quarter. Alliancebernstein L.P. now owns 263,558 shares of the financial services provider’s stock valued at $3,466,000 after acquiring an additional 4,466 shares in the last quarter. BHZ Capital Management LP raised its holdings in shares of American River Bankshares by 5.0% in the 4th quarter. BHZ Capital Management LP now owns 32,083 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 1,519 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of American River Bankshares during the 4th quarter valued at about $162,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of American River Bankshares by 23.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 337,685 shares of the financial services provider’s stock valued at $4,441,000 after purchasing an additional 65,054 shares during the last quarter. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday.

About American River Bankshares

American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services in the United States. It accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit. The company provides commercial, commercial real estate, multi-family real estate, commercial and residential real estate construction, residential real estate, agriculture, consumer, and other installment and term loans, as well as other customary banking services.

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