David T. Taber Sells 33,753 Shares of American River Bankshares (AMRB) Stock
American River Bankshares (NASDAQ:AMRB) CEO David T. Taber sold 33,753 shares of American River Bankshares stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.85, for a total transaction of $467,479.05. Following the completion of the sale, the chief executive officer now directly owns 165,751 shares in the company, valued at approximately $2,295,651.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of American River Bankshares (NASDAQ:AMRB) opened at 13.91 on Friday. American River Bankshares has a 12-month low of $10.15 and a 12-month high of $15.99. The company has a 50 day moving average of $14.14 and a 200-day moving average of $14.56. The company has a market cap of $90.21 million, a PE ratio of 14.88 and a beta of 0.37.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. American River Bankshares had a net margin of 27.46% and a return on equity of 7.40%. The company had revenue of $5.31 million for the quarter, compared to analysts’ expectations of $5.35 million. Equities research analysts anticipate that American River Bankshares will post $0.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, July 31st. American River Bankshares’s dividend payout ratio is currently 21.28%.
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Large investors have recently modified their holdings of the company. Globeflex Capital L P boosted its stake in shares of American River Bankshares by 13,991.8% in the first quarter. Globeflex Capital L P now owns 8,596 shares of the financial services provider’s stock valued at $127,000 after buying an additional 8,535 shares in the last quarter. LSV Asset Management boosted its stake in shares of American River Bankshares by 116.2% in the first quarter. LSV Asset Management now owns 12,279 shares of the financial services provider’s stock valued at $181,000 after buying an additional 6,600 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of American River Bankshares by 729.4% in the first quarter. Acadian Asset Management LLC now owns 13,395 shares of the financial services provider’s stock valued at $198,000 after buying an additional 11,780 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of American River Bankshares by 871.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,585 shares of the financial services provider’s stock valued at $231,000 after buying an additional 13,981 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of American River Bankshares during the fourth quarter valued at about $267,000. Institutional investors own 48.99% of the company’s stock.
Separately, Zacks Investment Research raised shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, April 10th.
About American River Bankshares
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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