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%.
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.
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