American River Bankshares (AMRB) Issues Earnings Results, Misses Expectations By $0.02 EPS

American River Bankshares (NASDAQ:AMRB) announced its quarterly earnings data on Thursday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02), MarketWatch Earnings reports. American River Bankshares had a net margin of 14.79% and a return on equity of 6.76%. The firm had revenue of $5.63 million during the quarter, compared to the consensus estimate of $5.60 million.

Shares of American River Bankshares stock opened at $15.48 on Friday. American River Bankshares has a 52-week low of $12.21 and a 52-week high of $17.50. The stock has a market capitalization of $90.79 million, a P/E ratio of 20.64 and a beta of 0.13. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, October 30th. American River Bankshares’s dividend payout ratio is currently 26.67%.

A number of equities research analysts recently issued reports on the company. TheStreet cut American River Bankshares from a “b” rating to a “c+” rating in a research note on Friday, August 31st. ValuEngine cut American River Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.00.

In other news, Director Michael A. Ziegler acquired 3,000 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average cost of $15.82 per share, for a total transaction of $47,460.00. Following the purchase, the director now owns 25,854 shares of the company’s stock, valued at approximately $409,010.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.10% of the company’s stock.

American River Bankshares 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.

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Earnings History for American River Bankshares (NASDAQ:AMRB)

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