American River Bankshares (AMRB) Downgraded by Raymond James Financial, Inc. to Underperform
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.
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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.
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