Wall Street brokerages forecast that American River Bankshares (NASDAQ:AMRB) will report earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American River Bankshares’ earnings. The lowest EPS estimate is $0.22 and the highest is $0.23. American River Bankshares reported earnings of $0.18 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The business is expected to issue its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that American River Bankshares will report full year earnings of $0.96 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for American River Bankshares.

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American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.35 million. American River Bankshares had a net margin of 14.53% and a return on equity of 5.92%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut American River Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. ValuEngine upgraded American River Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Sandler O’Neill set a $16.00 target price on American River Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. American River Bankshares has an average rating of “Hold” and an average price target of $16.50.

In related news, COO Kevin Bender sold 4,878 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $15.01, for a total transaction of $73,218.78. Following the completion of the sale, the chief operating officer now directly owns 13,473 shares in the company, valued at approximately $202,229.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Maltese Capital Management LLC boosted its holdings in American River Bankshares by 1.3% during the 4th quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock valued at $7,702,000 after acquiring an additional 6,541 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American River Bankshares by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after buying an additional 7,266 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in American River Bankshares by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock worth $3,975,000 after buying an additional 6,140 shares during the period. Vanguard Group Inc. lifted its holdings in 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 buying an additional 4,667 shares during the period. Finally, Hilton Capital Management LLC lifted its holdings in American River Bankshares by 83.8% in the 4th quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock worth $458,000 after buying an additional 13,700 shares during the period. Institutional investors own 52.22% of the company’s stock.

Shares of American River Bankshares stock traded down $0.16 during mid-day trading on Friday, reaching $15.25. The company had a trading volume of 7,643 shares, compared to its average volume of 13,589. The stock has a market cap of $93.43, a PE ratio of 20.86 and a beta of 0.31. American River Bankshares has a 52 week low of $12.21 and a 52 week high of $16.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.62.

American River Bankshares announced that its Board of Directors has authorized a stock repurchase plan on Thursday, January 25th that authorizes the company to buyback 310,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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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Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

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