American River Bankshares (NASDAQ:AMRB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The brokerage currently has a $17.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.09% from the stock’s current price.

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. “

Separately, ValuEngine raised shares of American River Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th.

AMRB traded down $0.05 on Wednesday, reaching $14.90. The company had a trading volume of 1,322 shares, compared to its average volume of 3,706. The business has a 50 day simple moving average of $14.93 and a 200 day simple moving average of $14.07. The company has a market cap of $87.50 million, a price-to-earnings ratio of 16.93 and a beta of 0.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.64 and a current ratio of 0.64. American River Bankshares has a 52-week low of $11.66 and a 52-week high of $15.99.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $6.54 million for the quarter, compared to analysts’ expectations of $6.50 million. American River Bankshares had a return on equity of 6.48% and a net margin of 19.24%. As a group, equities research analysts predict that American River Bankshares will post 0.98 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of AMRB. Tower Research Capital LLC TRC purchased a new position in shares of American River Bankshares during the second quarter worth approximately $79,000. Phocas Financial Corp. purchased a new position in shares of American River Bankshares during the second quarter worth approximately $6,883,000. FNY Investment Advisers LLC purchased a new position in shares of American River Bankshares during the third quarter worth approximately $162,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of American River Bankshares by 15.6% during the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 22,981 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 3,102 shares in the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

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. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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