Analysts expect American River Bankshares (NASDAQ:AMRB) to post sales of $7.00 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for American River Bankshares’ earnings, with estimates ranging from $6.80 million to $7.20 million. American River Bankshares reported sales of $6.35 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 15th.
According to Zacks, analysts expect that American River Bankshares will report full-year sales of $28.45 million for the current year, with estimates ranging from $28.20 million to $28.70 million. For the next year, analysts expect that the business will post sales of $28.25 million, with estimates ranging from $28.10 million to $28.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. American River Bankshares had a net margin of 21.86% and a return on equity of 7.29%. The company had revenue of $6.86 million during the quarter, compared to the consensus estimate of $7.15 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BHZ Capital Management LP boosted its stake in American River Bankshares by 8.5% in the second quarter. BHZ Capital Management LP now owns 22,801 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 1,790 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new position in shares of American River Bankshares in the 2nd quarter valued at about $61,000. The Manufacturers Life Insurance Company grew its position in shares of American River Bankshares by 9.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 274,475 shares of the financial services provider’s stock valued at $2,366,000 after buying an additional 23,829 shares during the last quarter. Alliancebernstein L.P. raised its stake in American River Bankshares by 70.3% during the first quarter. Alliancebernstein L.P. now owns 129,565 shares of the financial services provider’s stock worth $1,117,000 after acquiring an additional 53,466 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in American River Bankshares by 13.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 460,350 shares of the financial services provider’s stock worth $4,903,000 after acquiring an additional 56,092 shares during the last quarter. Institutional investors own 47.54% of the company’s stock.
NASDAQ AMRB traded up $0.25 during trading hours on Monday, hitting $10.60. The company had a trading volume of 2,354 shares, compared to its average volume of 5,012. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.74 and a current ratio of 0.74. American River Bankshares has a 1-year low of $8.00 and a 1-year high of $16.43. The company has a market cap of $62.94 million, a PE ratio of 9.91 and a beta of 0.77. The business has a 50 day moving average of $10.14 and a 200-day moving average of $10.01.
About American River Bankshares
American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services in the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit. It also provides commercial, commercial real estate, multi-family real estate, commercial and residential real estate construction, residential real estate, agriculture, consumer, and other installment and term loans, as well as other customary banking services.
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