Equities research analysts expect American River Bankshares (NASDAQ:AMRB) to report $5.45 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for American River Bankshares’ earnings. The lowest sales estimate is $5.40 million and the highest is $5.50 million. American River Bankshares posted sales of $5.48 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The business is scheduled to issue its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that American River Bankshares will report full-year sales of $5.45 million for the current financial year. For the next year, analysts expect that the company will report sales of $22.65 million per share, with estimates ranging from $22.20 million to $23.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. American River Bankshares had a return on equity of 6.33% and a net margin of 24.43%. The business had revenue of $5.31 million during the quarter, compared to analyst estimates of $5.35 million.

AMRB has been the topic of a number of recent analyst reports. Raymond James Financial, Inc. lowered American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded American River Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, UBS AG downgraded American River Bankshares from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th.

Shares of American River Bankshares (NASDAQ:AMRB) traded up 0.97% on Wednesday, reaching $13.56. The company had a trading volume of 16,950 shares. American River Bankshares has a 52-week low of $10.50 and a 52-week high of $15.99. The company has a 50-day moving average price of $13.42 and a 200-day moving average price of $14.17. The firm has a market capitalization of $85.13 million, a PE ratio of 14.50 and a beta of 0.39.

In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $13.85, for a total transaction of $467,479.05. Following the completion of the sale, the chief executive officer now owns 165,751 shares in the company, valued at approximately $2,295,651.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMRB. Eidelman Virant Capital acquired a new position in American River Bankshares in the 2nd quarter worth $1,420,000. Hilton Capital Management LLC acquired a new position in shares of American River Bankshares during the 2nd quarter worth about $237,000. Dimensional Fund Advisors LP boosted its stake in shares of American River Bankshares by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock worth $5,099,000 after buying an additional 14,855 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of American River Bankshares by 871.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,585 shares of the financial services provider’s stock worth $231,000 after buying an additional 13,981 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of American River Bankshares by 89.5% during the 2nd quarter. Wedbush Securities Inc. now owns 25,643 shares of the financial services provider’s stock worth $372,000 after buying an additional 12,114 shares during the last quarter. 51.03% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

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