Wall Street analysts forecast that American River Bankshares (NASDAQ:AMRB) will post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American River Bankshares’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. American River Bankshares posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 17th.
According to Zacks, analysts expect that American River Bankshares will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.98. For the next year, analysts expect that the business will post earnings of $1.15 per share, with EPS estimates ranging from $1.06 to $1.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). American River Bankshares had a net margin of 18.30% and a return on equity of 6.29%. The business had revenue of $6.05 million for the quarter, compared to analysts’ expectations of $6.20 million.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC boosted its holdings in American River Bankshares by 17.1% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 320,222 shares of the financial services provider’s stock valued at $4,163,000 after acquiring an additional 46,694 shares during the period. Wedbush Securities Inc. boosted its holdings in American River Bankshares by 7.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 1,920 shares during the period. Context BH Capital Management LP boosted its holdings in American River Bankshares by 4.2% during the 2nd quarter. Context BH Capital Management LP now owns 22,566 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 902 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of American River Bankshares by 13.7% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 19,879 shares of the financial services provider’s stock worth $244,000 after buying an additional 2,402 shares during the period. Finally, Hanson McClain Inc. lifted its holdings in shares of American River Bankshares by 54.7% in the 1st quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock worth $61,000 after buying an additional 1,661 shares during the period. Institutional investors own 50.80% of the company’s stock.
AMRB traded up $0.15 during trading hours on Friday, reaching $12.70. 200 shares of the company’s stock traded hands, compared to its average volume of 11,337. The company’s 50-day moving average price is $12.74. American River Bankshares has a 52-week low of $10.50 and a 52-week high of $16.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $74.48 million, a price-to-earnings ratio of 15.08 and a beta of 0.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.20%. This is a boost from American River Bankshares’s previous quarterly dividend of $0.05. American River Bankshares’s payout ratio is presently 33.73%.
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. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.
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