American River Bankshares (AMRB) Upgraded at ValuEngine
American River Bankshares (NASDAQ:AMRB) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
AMRB has been the topic of a number of other research reports. Zacks Investment Research raised American River Bankshares from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. Sandler O’Neill set a $16.00 price target on American River Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.
American River Bankshares (AMRB) opened at $15.34 on Thursday. The firm has a market capitalization of $94.56, a PE ratio of 22.56 and a beta of 0.32. American River Bankshares has a 12 month low of $12.97 and a 12 month high of $16.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.64 and a quick ratio of 0.64.
American River Bankshares declared that its Board of Directors has authorized a share buyback program on Thursday, January 25th that authorizes the company to repurchase 310,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
In related news, COO Kevin Bender sold 4,878 shares of American River Bankshares stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $15.01, for a total value of $73,218.78. Following the transaction, the chief operating officer now owns 13,473 shares of the company’s stock, valued at approximately $202,229.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Context BH Capital Management LP boosted its position in American River Bankshares by 22.0% during the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 4,005 shares during the period. Vanguard Group Inc. boosted its position in American River Bankshares by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock worth $3,296,000 after acquiring an additional 4,667 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in American River Bankshares by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock worth $3,975,000 after acquiring an additional 6,140 shares during the period. Maltese Capital Management LLC boosted its position in American River Bankshares by 1.3% during the 4th quarter. Maltese Capital Management LLC now owns 505,354 shares of the financial services provider’s stock worth $7,702,000 after acquiring an additional 6,541 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in American River Bankshares by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after acquiring an additional 7,266 shares during the period. Hedge funds and other institutional investors own 51.09% of the company’s stock.
American River Bankshares Company Profile
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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