Analysts predict that American River Bankshares (NASDAQ:AMRB) will report sales of $5.35 million for the current fiscal quarter, Zacks reports. Two analysts have made 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 indicates a negative year over year growth rate of 5.1%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that American River Bankshares will report full-year sales of $5.35 million for the current year, with estimates ranging from $20.80 million to $21.20 million. For the next financial year, analysts expect that the firm will report sales of $21.90 million per share. Zacks’ sales calculations are an average based on a survey of analysts that cover American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). American River Bankshares had a return on equity of 6.66% and a net margin of 24.61%. The business had revenue of $5.18 million for the quarter, compared to analysts’ expectations of $5.45 million.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in American River Bankshares by 217.7% in the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after buying an additional 5,443 shares in the last quarter. Cutler Capital Management LLC purchased a new position in American River Bankshares in the third quarter valued at $138,000. Globeflex Capital L P increased its holdings in American River Bankshares by 27.5% in the second quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock valued at $159,000 after buying an additional 2,365 shares in the last quarter. Hilton Capital Management LLC purchased a new position in American River Bankshares in the second quarter valued at $237,000. Finally, Context BH Capital Management LP increased its holdings in American River Bankshares by 22.0% in the third quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock valued at $308,000 after buying an additional 4,005 shares in the last quarter. 53.84% of the stock is owned by institutional investors.
Shares of American River Bankshares (AMRB) traded up $0.35 during trading on Wednesday, hitting $15.20. 300 shares of the company traded hands, compared to its average volume of 17,013. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16. American River Bankshares has a 12-month low of $12.97 and a 12-month high of $15.99. The stock has a market capitalization of $94.70, a PE ratio of 17.68 and a beta of 0.34.
American River Bankshares declared that its board has authorized a share repurchase plan on Thursday, October 19th that permits the company to repurchase 320,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.05 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. American River Bankshares’s payout ratio is 23.81%.
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About American River Bankshares
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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