American River Bankshares (NASDAQ:AMRB) Posts Earnings Results, Misses Expectations By $0.02 EPS

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American River Bankshares (NASDAQ:AMRB) issued its earnings results on Thursday, October 18th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02), MarketWatch Earnings reports. American River Bankshares had a return on equity of 6.80% and a net margin of 14.79%. The company had revenue of $5.63 million during the quarter, compared to analysts’ expectations of $5.60 million.

Shares of American River Bankshares stock traded down $0.05 on Friday, hitting $15.02. 3,529 shares of the company’s stock were exchanged, compared to its average volume of 5,937. The stock has a market capitalization of $88.44 million, a PE ratio of 20.03 and a beta of 0.16. American River Bankshares has a 1 year low of $12.21 and a 1 year high of $17.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.58.

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

Several equities research analysts recently issued reports on AMRB shares. TheStreet upgraded shares of American River Bankshares from a “c+” rating to a “b” rating in a report on Thursday, October 18th. Zacks Investment Research cut shares of American River Bankshares from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Raymond James upgraded shares of 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. Finally, ValuEngine cut shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.

In other news, Director William A. Robotham acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the transaction, the director now directly owns 98,137 shares of the company’s stock, valued at $1,521,123.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip Wright acquired 3,617 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $15.24 per share, for a total transaction of $55,123.08. The disclosure for this purchase can be found here. Insiders have bought a total of 14,358 shares of company stock worth $221,173 in the last quarter. Corporate insiders own 10.10% of the company’s stock.

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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.

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Earnings History for American River Bankshares (NASDAQ:AMRB)

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