ValuEngine Upgrades American River Bankshares (NASDAQ:AMRB) to Hold

ValuEngine upgraded shares of American River Bankshares (NASDAQ:AMRB) from a sell rating to a hold rating in a research report report published on Wednesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded Focus Financial Partners from a hold rating to a buy rating and set a $31.00 target price for the company in a research report on Monday, June 24th.

American River Bankshares stock opened at $13.17 on Wednesday. The firm has a market cap of $77.54 million, a price-to-earnings ratio of 16.26 and a beta of 0.21. American River Bankshares has a 1 year low of $10.50 and a 1 year high of $16.89. The stock’s 50-day moving average is $12.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.59.

American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $6.05 million for the quarter, compared to analyst estimates of $6.20 million. American River Bankshares had a return on equity of 6.29% and a net margin of 18.30%. On average, equities research analysts expect that American River Bankshares will post 0.94 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of AMRB. Pacific Ridge Capital Partners LLC grew its position in shares of American River Bankshares by 17.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 320,222 shares of the financial services provider’s stock valued at $4,163,000 after purchasing an additional 46,694 shares during the period. Phocas Financial Corp. acquired a new position in shares of American River Bankshares in the 4th quarter valued at approximately $78,000. Wedbush Securities Inc. grew its position in shares of American River Bankshares by 7.7% in 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. Finally, Hanson McClain Inc. grew its position in shares of American River Bankshares by 54.7% in the 1st quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,661 shares during the period. Institutional investors 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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