Equities research analysts expect that American River Bankshares (NASDAQ:AMRB) will report sales of $5.35 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American River Bankshares’ earnings. The highest sales estimate is $5.40 million and the lowest is $5.30 million. American River Bankshares reported sales of $5.64 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.1%. The firm is scheduled to issue its next earnings report on Thursday, January 25th.
On average, analysts expect that American River Bankshares will report full year sales of $5.35 million for the current fiscal year, with estimates ranging from $21.00 million to $21.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $21.95 million per share, with estimates ranging from $21.90 million to $22.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.45 million. American River Bankshares had a net margin of 24.61% and a return on equity of 6.66%.
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of American River Bankshares by 217.7% during the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 5,443 shares in the last quarter. Cutler Capital Management LLC purchased a new position in American River Bankshares during the third quarter worth about $138,000. Globeflex Capital L P boosted its holdings in American River Bankshares by 27.5% during the second quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 2,365 shares during the last quarter. Context BH Capital Management LP boosted its holdings in American River Bankshares by 22.0% during the third quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 4,005 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in American River Bankshares by 2.1% during the second quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after purchasing an additional 4,667 shares during the last quarter. 53.84% of the stock is owned by institutional investors.
Shares of American River Bankshares (AMRB) opened at $15.13 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16. The company has a market cap of $97.95, a PE ratio of 18.01 and a beta of 0.34. American River Bankshares has a 52-week low of $12.97 and a 52-week high of $15.99.
American River Bankshares announced that its board has approved a stock repurchase program on Thursday, October 19th that allows the company to buyback 320,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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American River Bankshares Company Profile
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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