American River Bankshares (NASDAQ:AMRB) COO Kevin Bender sold 1,500 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $15.15, for a total value of $22,725.00. Following the completion of the transaction, the chief operating officer now owns 14,783 shares in the company, valued at approximately $223,962.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
American River Bankshares stock traded down $0.05 during midday trading on Friday, hitting $15.02. The stock had a trading volume of 3,500 shares, compared to its average volume of 7,633. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. The firm has a market cap of $88.32 million, a P/E ratio of 20.03 and a beta of 0.16. American River Bankshares has a 12 month low of $12.21 and a 12 month high of $17.50.
American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The firm had revenue of $5.63 million during the quarter, compared to the consensus estimate of $5.60 million. American River Bankshares had a net margin of 14.79% and a return on equity of 6.76%. As a group, equities research analysts anticipate that American River Bankshares will post 0.9 earnings per share for the current year.
Several analysts recently weighed in on the company. TheStreet lowered American River Bankshares from a “b” rating to a “c+” rating in a report on Friday, August 31st. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Zacks Investment Research lowered American River Bankshares from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Finally, Raymond James raised American River Bankshares from an “underperform” rating to a “market perform” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. American River Bankshares currently has a consensus rating of “Hold” and a consensus target price of $17.00.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in American River Bankshares by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 369,239 shares of the financial services provider’s stock valued at $5,727,000 after buying an additional 3,317 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of American River Bankshares during the second quarter valued at approximately $108,000. Renaissance Technologies LLC bought a new position in shares of American River Bankshares during the second quarter valued at approximately $201,000. Intersect Capital LLC bought a new position in shares of American River Bankshares during the second quarter valued at approximately $270,000. Finally, Siena Capital Partners GP LLC grew its holdings in shares of American River Bankshares by 41.5% during the second quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 51,008 shares during the last quarter. 50.62% of the stock is owned by hedge funds and other institutional investors.
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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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