FIG Partners Upgrades American River Bankshares (AMRB) to “Outperform”

American River Bankshares (NASDAQ:AMRB) was upgraded by equities researchers at FIG Partners from a “market perform” rating to an “outperform” rating in a report released on Thursday. FIG Partners also issued estimates for American River Bankshares’ Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.17 EPS.

Several other equities analysts also recently weighed in on AMRB. Zacks Investment Research raised American River Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Sandler O’Neill set a $16.00 price objective on American River Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.50.

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NASDAQ AMRB opened at $15.51 on Thursday. The stock has a market capitalization of $93.85, a price-to-earnings ratio of 20.68 and a beta of 0.31. 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 has a 1-year low of $12.21 and a 1-year high of $16.49.

American River Bankshares (NASDAQ:AMRB) last released 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 firm had revenue of $5.23 million during the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a net margin of 14.53% and a return on equity of 5.92%. sell-side analysts forecast that American River Bankshares will post 0.97 earnings per share for the current fiscal year.

American River Bankshares declared that its Board of Directors has approved a share buyback program 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. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

In other news, COO Kevin Bender sold 4,878 shares of the business’s 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 transaction, the chief operating officer now directly owns 13,473 shares of the company’s stock, valued at $202,229.73. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in AMRB. Vanguard Group Inc. grew its position in shares of American River Bankshares by 2.1% during the second 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 in the last quarter. Cutler Capital Management LLC acquired a new position in shares of American River Bankshares during the third quarter worth about $138,000. Dimensional Fund Advisors LP grew its position in shares of American River Bankshares by 2.1% during the third 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 in the last quarter. Maltese Capital Management LLC grew its position in shares of American River Bankshares by 23.5% during the third quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock worth $6,904,000 after buying an additional 95,004 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of American River Bankshares by 2.4% during the fourth 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 in the last quarter. 52.22% of the stock is owned by institutional investors and hedge funds.

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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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