$5.90 Million in Sales Expected for American River Bankshares (AMRB) This Quarter
Equities research analysts predict that American River Bankshares (NASDAQ:AMRB) will post sales of $5.90 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American River Bankshares’ earnings. American River Bankshares posted sales of $5.11 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The firm is expected to report its next quarterly earnings report on Thursday, April 18th.
On average, analysts expect that American River Bankshares will report full year sales of $24.30 million for the current fiscal year. For the next year, analysts forecast that the firm will post sales of $26.45 million, with estimates ranging from $26.10 million to $26.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $5.92 million during the quarter, compared to analyst estimates of $5.80 million. American River Bankshares had a net margin of 20.63% and a return on equity of 6.81%.
In other American River Bankshares news, Director Kimberly Ann Box purchased 2,900 shares of the business’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $15.15 per share, with a total value of $43,935.00. Following the acquisition, the director now directly owns 19,879 shares of the company’s stock, valued at approximately $301,166.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in American River Bankshares during the 2nd quarter valued at $108,000. Renaissance Technologies LLC acquired a new stake in American River Bankshares during the 2nd quarter valued at $201,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in American River Bankshares by 18.5% during the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Siena Capital Partners GP LLC lifted its holdings in American River Bankshares by 13.1% during the 3rd quarter. Siena Capital Partners GP LLC now owns 196,532 shares of the financial services provider’s stock valued at $3,011,000 after purchasing an additional 22,717 shares during the last quarter. 50.06% of the stock is owned by institutional investors and hedge funds.
NASDAQ AMRB opened at $13.47 on Monday. The company has a market capitalization of $79.05 million, a PE ratio of 16.23 and a beta of 0.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.59. American River Bankshares has a 12 month low of $10.50 and a 12 month high of $17.50.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 13th. Shareholders of record on Wednesday, January 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 29th. American River Bankshares’s dividend payout ratio is 24.10%.
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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