American River Bankshares (NASDAQ:AMRB) was downgraded by stock analysts at Raymond James Financial, Inc. from a “market perform” rating to an “underperform” rating in a research note issued to investors on Thursday.

A number of other analysts have also recently commented on the company. UBS AG cut American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday. Zacks Investment Research cut American River Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.

American River Bankshares (NASDAQ AMRB) traded down 2.17% during midday trading on Thursday, hitting $13.50. 4,115 shares of the stock traded hands. American River Bankshares has a 12-month low of $10.15 and a 12-month high of $15.99. The stock has a market capitalization of $87.55 million, a PE ratio of 14.44 and a beta of 0.37. The firm’s 50 day moving average is $14.12 and its 200-day moving average is $14.53.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $5.31 million during the quarter, compared to analysts’ expectations of $5.35 million. American River Bankshares had a return on equity of 7.40% and a net margin of 27.46%. On average, analysts anticipate that American River Bankshares will post $0.79 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “American River Bankshares (AMRB) Downgraded by Raymond James Financial, Inc. to Underperform” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/american-river-bankshares-amrb-receives-underperform-rating-from-raymond-james-financial-inc/1467417.html.

In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was 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 of the company’s stock, valued at $2,295,651.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in American River Bankshares by 217.7% in the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock valued at $115,000 after buying an additional 5,443 shares in the last quarter. Hilton Capital Management LLC bought a new stake in American River Bankshares during the second quarter valued at about $237,000. Wedbush Securities Inc. raised its stake in American River Bankshares by 89.5% in the second quarter. Wedbush Securities Inc. now owns 25,643 shares of the financial services provider’s stock valued at $372,000 after buying an additional 12,114 shares in the last quarter. Eidelman Virant Capital bought a new stake in American River Bankshares during the second quarter valued at about $1,420,000. Finally, Renaissance Technologies LLC raised its stake in American River Bankshares by 34.5% in the first quarter. Renaissance Technologies LLC now owns 23,800 shares of the financial services provider’s stock valued at $353,000 after buying an additional 6,100 shares in the last quarter. 50.33% of the stock is owned by institutional investors and hedge funds.

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.

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.