Kevin Bender Sells 1,500 Shares of American River Bankshares (AMRB) Stock

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.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, October 30th. American River Bankshares’s dividend payout ratio is currently 26.67%.

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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