American River Bankshares (AMRB) Given a $16.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $16.00 price target on American River Bankshares (NASDAQ:AMRB) in a report issued on Thursday. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts have also commented on AMRB. ValuEngine raised American River Bankshares from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research lowered American River Bankshares from a hold rating to a sell rating in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $16.00.

Shares of American River Bankshares (AMRB) traded down $0.68 during trading on Thursday, reaching $15.31. The company had a trading volume of 6,400 shares, compared to its average volume of 7,400. American River Bankshares has a 52 week low of $12.97 and a 52 week high of $15.99. The company has a market capitalization of $101.97, a price-to-earnings ratio of 18.23 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.45 million. sell-side analysts predict that American River Bankshares will post 0.75 earnings per share for the current year.

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

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in American River Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock valued at $5,137,000 after buying an additional 10,030 shares during the last quarter. Maltese Capital Management LLC lifted its stake in shares of American River Bankshares by 23.5% in the 3rd quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock valued at $6,904,000 after purchasing an additional 95,004 shares during the last quarter. Globeflex Capital L P lifted 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 during the last quarter. Context BH Capital Management LP lifted 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 during the last quarter. 53.84% of the stock is owned by institutional investors.

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American River Bankshares Company Profile

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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