Kevin Bender Sells 1,500 Shares of American River Bankshares (AMRB) Stock
American River Bankshares (NASDAQ:AMRB) COO Kevin Bender sold 1,500 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $15.15, for a total transaction of $22,725.00. Following the completion of the sale, the chief operating officer now directly owns 14,783 shares in the company, valued at approximately $223,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ AMRB traded down $0.05 on Friday, hitting $15.02. The company’s stock had a trading volume of 3,529 shares, compared to its average volume of 5,937. American River Bankshares has a 12-month low of $12.21 and a 12-month high of $17.50. The company has a market capitalization of $88.44 million, a PE ratio of 20.03 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.58.
American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). American River Bankshares had a net margin of 14.79% and a return on equity of 6.80%. The business had revenue of $5.63 million during the quarter, compared to analysts’ expectations of $5.60 million. On average, analysts forecast that American River Bankshares will post 0.9 EPS for the current fiscal year.
AMRB has been the topic of several recent research reports. Zacks Investment Research raised shares of American River Bankshares from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, July 24th. ValuEngine downgraded shares of American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Raymond James raised shares of American River Bankshares from an “underperform” rating to a “market perform” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, TheStreet raised shares of American River Bankshares from a “c+” rating to a “b” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.
Several institutional investors and hedge funds have recently made changes to their positions in AMRB. Macquarie Group Ltd. purchased a new stake in shares of American River Bankshares in the second quarter valued at approximately $108,000. Renaissance Technologies LLC purchased a new stake in shares of American River Bankshares in the second quarter valued at approximately $201,000. Intersect Capital LLC purchased a new stake in shares of American River Bankshares in the second quarter valued at approximately $270,000. Siena Capital Partners GP LLC boosted its holdings in shares of American River Bankshares by 41.5% in the second quarter. Siena Capital Partners GP LLC now owns 173,815 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 51,008 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of American River Bankshares by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 369,239 shares of the financial services provider’s stock valued at $5,727,000 after purchasing an additional 3,317 shares during the period. 50.62% of the stock is currently owned by institutional investors and hedge funds.
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American River Bankshares Company Profile
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 in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.
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