American River Bankshares (NASDAQ:AMRB) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of American River Bankshares (NASDAQ:AMRB) from a strong sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

According to Zacks, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com. “

Separately, ValuEngine raised American River Bankshares from a sell rating to a hold rating in a report on Wednesday, May 15th.

Shares of American River Bankshares stock opened at $12.35 on Monday. The firm’s 50 day moving average price is $12.56. American River Bankshares has a 12 month low of $10.50 and a 12 month high of $17.48. The firm has a market capitalization of $72.42 million, a PE ratio of 14.88 and a beta of 0.24. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

American River Bankshares (NASDAQ:AMRB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). American River Bankshares had a net margin of 18.88% and a return on equity of 6.34%. The firm had revenue of $5.96 million for the quarter, compared to analyst estimates of $5.93 million. As a group, equities analysts forecast that American River Bankshares will post 0.94 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of AMRB. Basswood Capital Management L.L.C. lifted its holdings in American River Bankshares by 3.3% in the fourth 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. Phocas Financial Corp. bought a new position in shares of American River Bankshares in the fourth quarter worth about $78,000. Wedbush Securities Inc. raised its stake in shares of American River Bankshares by 7.7% in the first quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock worth $349,000 after buying an additional 1,920 shares during the period. Hanson McClain Inc. raised its stake in shares of American River Bankshares by 54.7% in the first quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock worth $61,000 after buying an additional 1,661 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of American River Bankshares by 17.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 320,222 shares of the financial services provider’s stock worth $4,163,000 after buying an additional 46,694 shares during the period. Institutional investors and hedge funds own 50.80% 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. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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