Wall Street brokerages expect American River Bankshares (NASDAQ:AMRB) to report earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for American River Bankshares’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.29. American River Bankshares also posted earnings of $0.27 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 15th.
On average, analysts expect that American River Bankshares will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.13. For the next financial year, analysts forecast that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.96 to $1.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, July 16th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $6.86 million during the quarter, compared to analyst estimates of $7.15 million. American River Bankshares had a net margin of 21.86% and a return on equity of 7.29%.
Several large investors have recently modified their holdings of the business. BHZ Capital Management LP lifted its stake in shares of American River Bankshares by 8.5% in the 2nd quarter. BHZ Capital Management LP now owns 22,801 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 1,790 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in shares of American River Bankshares in the 2nd quarter valued at $61,000. The Manufacturers Life Insurance Company lifted its stake in shares of American River Bankshares by 9.5% in 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 purchasing an additional 23,829 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of American River Bankshares by 70.3% in the 1st quarter. Alliancebernstein L.P. now owns 129,565 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 53,466 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of American River Bankshares by 13.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 460,350 shares of the financial services provider’s stock valued at $4,903,000 after purchasing an additional 56,092 shares during the last quarter. 47.54% of the stock is owned by institutional investors.
Shares of NASDAQ:AMRB traded up $0.25 during trading on Friday, reaching $10.60. 2,354 shares of the company traded hands, compared to its average volume of 5,012. The firm has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $10.01. The firm has a market cap of $62.94 million, a P/E ratio of 9.91 and a beta of 0.77. American River Bankshares has a 1-year low of $8.00 and a 1-year high of $16.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.12.
American River Bankshares Company Profile
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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