American River Bankshares (AMRB) Expected to Post Quarterly Sales of $5.95 Million

Brokerages expect that American River Bankshares (NASDAQ:AMRB) will report sales of $5.95 million for the current quarter, according to Zacks. Two analysts have provided estimates for American River Bankshares’ earnings, with the lowest sales estimate coming in at $5.90 million and the highest estimate coming in at $6.00 million. American River Bankshares posted sales of $5.11 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.4%. The business is expected to report its next earnings report on Thursday, April 18th.

According to Zacks, analysts expect that American River Bankshares will report full-year sales of $24.53 million for the current year, with estimates ranging from $24.36 million to $24.70 million. For the next financial year, analysts forecast that the business will post sales of $26.71 million, with estimates ranging from $26.60 million to $26.81 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). The business had revenue of $5.92 million for the quarter, compared to analysts’ expectations of $5.80 million. American River Bankshares had a return on equity of 6.75% and a net margin of 20.63%.

A number of analysts have issued reports on AMRB shares. Zacks Investment Research raised American River Bankshares from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday. ValuEngine raised American River Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.00.

NASDAQ AMRB traded up $0.58 during trading on Friday, reaching $13.00. 1,514 shares of the company’s stock were exchanged, compared to its average volume of 4,325. The company has a market capitalization of $70.37 million, a price-to-earnings ratio of 15.66 and a beta of 0.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.58 and a quick ratio of 0.58. American River Bankshares has a 1 year low of $10.50 and a 1 year high of $17.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. Siena Capital Partners GP LLC increased its position in shares of American River Bankshares by 8.2% during the fourth quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock worth $2,966,000 after purchasing an additional 16,082 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in American River Bankshares by 18.5% in the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 2,900 shares during the period. Basswood Capital Management L.L.C. increased its position in American River Bankshares by 3.3% in the 4th quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock valued at $9,668,000 after acquiring an additional 22,388 shares during the period. Finally, Phocas Financial Corp. acquired a new position in American River Bankshares in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 51.33% of the company’s stock.

About American River Bankshares

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.

Read More: Quiet Period Expirations

Get a free copy of the Zacks research report on American River Bankshares (AMRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.