American River Bankshares to Issue Quarterly Dividend of $0.05 (AMRB)

American River Bankshares (NASDAQ:AMRB) declared a quarterly dividend on Thursday, July 19th, NASDAQ reports. Investors of record on Wednesday, August 1st will be given a dividend of 0.05 per share by the financial services provider on Wednesday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, July 31st.

American River Bankshares opened at $15.66 on Friday, MarketBeat reports. American River Bankshares has a 1 year low of $12.21 and a 1 year high of $17.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $93.69 million, a P/E ratio of 20.88 and a beta of 0.27.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. American River Bankshares had a net margin of 15.32% and a return on equity of 6.34%. research analysts forecast that American River Bankshares will post 0.91 EPS for the current year.

In other news, CEO David E. Ritchie, Jr. acquired 4,500 shares of American River Bankshares stock in a transaction that occurred on Friday, May 4th. The shares were acquired at an average price of $15.54 per share, with a total value of $69,930.00. Following the purchase, the chief executive officer now directly owns 16,387 shares of the company’s stock, valued at $254,653.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David E. Ritchie, Jr. acquired 2,449 shares of American River Bankshares stock in a transaction that occurred on Monday, April 30th. The shares were purchased at an average cost of $15.57 per share, for a total transaction of $38,130.93. Following the purchase, the chief executive officer now directly owns 14,112 shares in the company, valued at $219,723.84. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 9,203 shares of company stock valued at $143,335. 10.10% of the stock is owned by corporate insiders.

AMRB has been the subject of several research reports. Zacks Investment Research cut shares of American River Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. FIG Partners upgraded shares of American River Bankshares from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 29th. Finally, ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.50.

About American River Bankshares

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.

Recommended Story: Momentum Indicator: Relative Strength Index

Dividend History for American River Bankshares (NASDAQ:AMRB)

Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply