American River Bankshares (NASDAQ:AMRB) – Investment analysts at FIG Partners decreased their Q2 2019 earnings per share estimates for shares of American River Bankshares in a research note issued to investors on Monday, April 22nd. FIG Partners analyst T. Coffey now anticipates that the financial services provider will earn $0.25 per share for the quarter, down from their previous estimate of $0.30. FIG Partners also issued estimates for American River Bankshares’ Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.05 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.34 EPS, Q4 2020 earnings at $0.34 EPS and FY2020 earnings at $1.33 EPS.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised American River Bankshares from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, March 26th. ValuEngine raised American River Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.05). American River Bankshares had a net margin of 18.88% and a return on equity of 6.45%. The company had revenue of $5.96 million for the quarter, compared to analysts’ expectations of $5.93 million.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, April 30th. American River Bankshares’s dividend payout ratio (DPR) is presently 24.10%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Phocas Financial Corp. bought a new stake in American River Bankshares during the 4th quarter valued at approximately $78,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in American River Bankshares by 18.5% during 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 purchasing an additional 2,900 shares during the period. Wedbush Securities Inc. raised its stake in American River Bankshares by 7.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 1,920 shares during the period. Siena Capital Partners GP LLC raised its stake in American River Bankshares by 8.2% during the 4th quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock valued at $2,966,000 after purchasing an additional 16,082 shares during the period. Finally, Basswood Capital Management L.L.C. raised its stake in American River Bankshares by 3.3% during 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 purchasing an additional 22,388 shares during the period. 51.07% of the stock is currently owned by institutional investors.
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. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.
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