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 Monday.

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. “

Separately, ValuEngine raised shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday.

American River Bankshares (AMRB) opened at $15.50 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.16. American River Bankshares has a 1-year low of $12.97 and a 1-year high of $15.90. The company has a market cap of $98.84, a PE ratio of 18.45 and a beta of 0.35.

American River Bankshares (NASDAQ:AMRB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%. The firm had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million. equities research analysts predict that American River Bankshares will post 0.75 earnings per share for the current year.

American River Bankshares declared that its board has approved a stock repurchase plan on Thursday, October 19th that permits the company to repurchase 320,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of AMRB. JPMorgan Chase & Co. boosted its stake in shares of American River Bankshares by 217.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 5,443 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American River Bankshares by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 4,667 shares in the last quarter. Globeflex Capital L P boosted its stake in shares of American River Bankshares by 27.5% in the 2nd quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 2,365 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American River Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock valued at $5,137,000 after purchasing an additional 10,030 shares in the last quarter. Finally, Context BH Capital Management LP boosted its stake in shares of American River Bankshares by 22.0% in the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 4,005 shares in the last quarter. Institutional investors own 53.84% of the company’s stock.

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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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