Zacks Investment Research Lowers American River Bankshares (AMRB) to Hold

American River Bankshares (NASDAQ:AMRB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

A number of other equities analysts have also commented on the stock. ValuEngine raised shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. TheStreet lowered shares of American River Bankshares from a “b” rating to a “c+” rating in a report on Friday, August 31st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. American River Bankshares presently has a consensus rating of “Buy” and an average price target of $17.00.

Shares of NASDAQ:AMRB traded up $0.37 during trading on Monday, reaching $15.78. The company had a trading volume of 81 shares, compared to its average volume of 3,367. The firm has a market capitalization of $90.38 million, a price-to-earnings ratio of 21.04 and a beta of 0.14. American River Bankshares has a 12 month low of $12.21 and a 12 month high of $17.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.58.

American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Friday, July 20th. The financial services provider reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. The firm had revenue of $5.50 million for the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a net margin of 14.98% and a return on equity of 6.51%. equities research analysts expect that American River Bankshares will post 0.92 EPS for the current year.

In other American River Bankshares news, Director Michael A. Ziegler bought 3,000 shares of American River Bankshares stock in a transaction that occurred on Friday, July 27th. The shares were bought at an average price of $15.82 per share, with a total value of $47,460.00. Following the acquisition, the director now owns 25,854 shares in the company, valued at $409,010.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.10% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new position in shares of American River Bankshares during the 2nd quarter valued at $108,000. Renaissance Technologies LLC bought a new position in shares of American River Bankshares during the 2nd quarter valued at $201,000. Intersect Capital LLC bought a new position in shares of American River Bankshares during the 2nd quarter valued at $270,000. Siena Capital Partners GP LLC grew its holdings in shares of American River Bankshares by 41.5% during the 2nd quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 51,008 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its holdings in shares of American River Bankshares by 1.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 264,669 shares of the financial services provider’s stock valued at $4,105,000 after purchasing an additional 3,840 shares during the last quarter. 50.62% of the stock is currently owned by institutional investors.

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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