$5.45 Million in Sales Expected for American River Bankshares (AMRB) This Quarter
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.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/5-45-million-in-sales-expected-for-american-river-bankshares-amrb-this-quarter/1583657.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with Analyst Ratings Network's FREE daily email newsletter.