Sandler O’Neill Analysts Give American River Bankshares (AMRB) a $16.00 Price Target

American River Bankshares (NASDAQ:AMRB) has been given a $16.00 price target by analysts at Sandler O’Neill in a note issued to investors on Thursday, January 4th. The firm currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price target indicates a potential upside of 0.06% from the company’s previous close.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised American River Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. ValuEngine raised American River Bankshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.50.

American River Bankshares (NASDAQ AMRB) traded down $0.22 during mid-day trading on Thursday, reaching $15.99. The company had a trading volume of 2,800 shares, compared to its average volume of 7,356. American River Bankshares has a 12-month low of $12.97 and a 12-month high of $16.49. 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 stock has a market cap of $101.97, a price-to-earnings ratio of 19.04 and a beta of 0.34.

American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). American River Bankshares had a return on equity of 6.66% and a net margin of 24.61%. The business had revenue of $5.18 million for the quarter, compared to analysts’ expectations of $5.45 million. analysts anticipate that American River Bankshares will post 0.75 EPS for the current year.

American River Bankshares announced that its board has approved a share repurchase program on Thursday, October 19th that permits the company to buyback 320,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently added to or reduced their stakes in AMRB. JPMorgan Chase & Co. increased its holdings in shares of American River Bankshares by 217.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after buying an additional 5,443 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of American River Bankshares by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after buying an additional 4,667 shares during the last quarter. Globeflex Capital L P increased its holdings in shares of American River Bankshares by 27.5% during the 2nd quarter. Globeflex Capital L P now owns 10,961 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,365 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American River Bankshares by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after buying an additional 10,030 shares during the last quarter. Finally, Context BH Capital Management LP increased its holdings in shares of American River Bankshares by 22.0% during the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after buying an additional 4,005 shares during the last quarter. Institutional investors and hedge funds own 53.84% of the company’s stock.

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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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