American River Bankshares (NASDAQ:AMRB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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 equities research analysts have also recently commented on the stock. ValuEngine cut shares of American River Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. TheStreet cut shares of American River Bankshares from a “b” rating to a “c+” rating in a research report on Friday, August 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.00.

American River Bankshares stock traded up $0.37 during trading hours on Monday, reaching $15.78. The stock had a trading volume of 81 shares, compared to its average volume of 3,367. The firm has a market cap of $90.38 million, a PE ratio of 21.04 and a beta of 0.14. American River Bankshares has a 52 week low of $12.21 and a 52 week high of $17.50. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.13.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Friday, July 20th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $5.50 million for the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a net margin of 14.98% and a return on equity of 6.51%. sell-side analysts expect that American River Bankshares will post 0.92 earnings per share for the current fiscal year.

In related news, Director Michael A. Ziegler bought 3,000 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was purchased at an average cost of $15.82 per share, with a total value of $47,460.00. Following the transaction, the director now owns 25,854 shares in the company, valued at approximately $409,010.28. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in shares of American River Bankshares in the 2nd quarter worth about $108,000. Renaissance Technologies LLC purchased a new stake in shares of American River Bankshares in the 2nd quarter worth about $201,000. Intersect Capital LLC purchased a new position in American River Bankshares during the 2nd quarter valued at about $270,000. Siena Capital Partners GP LLC lifted its position in American River Bankshares by 41.5% during the 2nd quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 51,008 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its position in American River Bankshares by 1.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 264,669 shares of the financial services provider’s stock valued at $4,105,000 after acquiring an additional 3,840 shares during the period. 50.62% of the stock is 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 in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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