Zacks Investment Research upgraded shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a buy rating in a research report released on Wednesday morning. They currently have $17.00 price objective on the financial services provider’s stock.

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. “

Several other analysts have also recently weighed in on the company. Sandler O’Neill set a $16.00 price objective on American River Bankshares and gave the company a hold rating in a research report on Thursday, January 4th. ValuEngine raised American River Bankshares from a hold rating to a buy rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. American River Bankshares has a consensus rating of Hold and a consensus price target of $16.50.

American River Bankshares (NASDAQ:AMRB) traded down $0.47 during trading on Wednesday, reaching $15.99. The company’s stock had a trading volume of 2,879 shares, compared to its average volume of 5,299. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $101.97, a PE ratio of 19.04 and a beta of 0.34. American River Bankshares has a fifty-two week low of $12.97 and a fifty-two week high of $16.49.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). The firm had revenue of $5.18 million for the quarter, compared to the consensus estimate of $5.45 million. American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%. equities analysts forecast that American River Bankshares will post 0.75 EPS for the current year.

American River Bankshares announced that its Board of Directors has approved a share repurchase program on Thursday, October 19th that authorizes the company to repurchase 320,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of AMRB. Maltese Capital Management LLC boosted its position 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 worth $6,904,000 after purchasing an additional 95,004 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American River Bankshares by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after purchasing an additional 10,030 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of American River Bankshares in the 3rd quarter worth approximately $138,000. JPMorgan Chase & Co. boosted its position 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 worth $115,000 after purchasing an additional 5,443 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of American River Bankshares by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after purchasing an additional 4,667 shares in the last quarter. 53.84% of the stock is currently owned by hedge funds and other 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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