American River Bank (NASDAQ:AMRB) Director Kimberly Ann Box sold 2,900 shares of the business’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $15.64, for a total transaction of $45,356.00. Following the transaction, the director now directly owns 15,824 shares in the company, valued at $247,487.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AMRB opened at $15.25 on Monday. The firm has a market capitalization of $89.74, a P/E ratio of 19.55 and a beta of 0.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. American River Bank has a 12-month low of $12.21 and a 12-month high of $16.49.
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American River Bank (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $5.11 million during the quarter, compared to analyst estimates of $5.30 million. American River Bank had a net margin of 15.32% and a return on equity of 6.34%. equities research analysts anticipate that American River Bank will post 0.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Investors of record on Wednesday, May 2nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 1st. This represents a $0.20 annualized dividend and a yield of 1.31%. American River Bank’s dividend payout ratio is presently 26.67%.
American River Bank announced that its board has initiated a stock repurchase plan on Thursday, January 25th that authorizes the company to repurchase 310,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in American River Bank in the fourth quarter valued at $278,000. Hilton Capital Management LLC raised its holdings in American River Bank by 83.8% in the fourth quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 13,700 shares in the last quarter. Siena Capital Partners GP LLC acquired a new stake in American River Bank in the first quarter valued at $1,905,000. Pacific Ridge Capital Partners LLC raised its holdings in American River Bank by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock valued at $3,975,000 after acquiring an additional 6,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in American River Bank by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock valued at $5,069,000 after acquiring an additional 7,266 shares in the last quarter. 53.58% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of American River Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. FIG Partners raised shares of American River Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 29th. Finally, ValuEngine raised shares of American River Bank from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.
American River Bank Company Profile
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.