According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “
American River Bankshares (NASDAQ:AMRB) opened at 10.61 on Thursday. The stock has a 50 day moving average of $10.43 and a 200-day moving average of $10.40. The firm has a market cap of $69.89 million, a price-to-earnings ratio of 13.53 and a beta of 0.60. American River Bankshares has a 52-week low of $9.30 and a 52-week high of $11.19.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. American River Bankshares had a net margin of 24.01% and a return on equity of 6.57%. On average, analysts expect that American River Bankshares will post $0.79 EPS for the current year.
In other American River Bankshares news, CEO David T. Taber sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $10.50, for a total value of $38,850.00. Following the completion of the transaction, the chief executive officer now directly owns 153,762 shares in the company, valued at $1,614,501. The sale was disclosed in a filing with the SEC, which is accessible through this link. 12.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in AMRB. M3F Inc. boosted its position in shares of American River Bankshares by 4.7% in the second quarter. M3F Inc. now owns 449,131 shares of the financial services provider’s stock valued at $4,610,000 after buying an additional 20,022 shares during the last quarter. Hilton Capital Management LLC raised its stake in American River Bankshares by 103.7% in the second quarter. Hilton Capital Management LLC now owns 22,555 shares of the financial services provider’s stock worth $232,000 after buying an additional 11,485 shares during the period. BlackRock Institutional Trust Company N.A. bought a new stake in American River Bankshares during the second quarter worth about $115,000. Beese Fulmer Investment Management Inc. bought a new stake in American River Bankshares during the second quarter worth about $107,000. Finally, Vanguard Group Inc. raised its stake in American River Bankshares by 3.8% in the second quarter. Vanguard Group Inc. now owns 208,986 shares of the financial services provider’s stock worth $2,121,000 after buying an additional 7,700 shares during the period. Institutional investors own 48.22% of the company’s stock.
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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