American River Bankshares (NASDAQ:AMRB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

Several other brokerages have also recently weighed in on AMRB. TheStreet raised American River Bankshares from a “c+” rating to a “b” rating in a report on Thursday, October 18th. Raymond James raised 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, ValuEngine cut American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.00.

NASDAQ AMRB traded down $0.58 during midday trading on Tuesday, hitting $14.92. The company had a trading volume of 511 shares, compared to its average volume of 5,300. The stock has a market capitalization of $87.56 million, a PE ratio of 19.89 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 0.59. American River Bankshares has a twelve month low of $12.21 and a twelve month high of $17.50.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The company had revenue of $5.63 million during the quarter, compared to analyst estimates of $5.60 million. American River Bankshares had a net margin of 14.79% and a return on equity of 6.80%. On average, equities analysts expect that American River Bankshares will post 0.88 EPS for the current year.

In other American River Bankshares news, Director Kimberly Ann Box purchased 2,900 shares of the stock in a transaction dated Friday, November 9th. The stock was bought at an average price of $15.15 per share, with a total value of $43,935.00. Following the acquisition, the director now owns 19,879 shares of the company’s stock, valued at $301,166.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip Wright purchased 3,617 shares of the stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $15.24 per share, with a total value of $55,123.08. The disclosure for this purchase can be found here. Insiders have bought a total of 17,258 shares of company stock valued at $265,108 in the last three months. 10.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new position in American River Bankshares in the 2nd quarter worth about $108,000. Renaissance Technologies LLC acquired a new position in American River Bankshares in the 2nd quarter worth about $201,000. Intersect Capital LLC acquired a new position in American River Bankshares in the 2nd quarter worth about $270,000. Siena Capital Partners GP LLC increased its holdings in American River Bankshares by 13.1% in the 3rd quarter. Siena Capital Partners GP LLC now owns 196,532 shares of the financial services provider’s stock worth $3,011,000 after purchasing an additional 22,717 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in American River Bankshares by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 369,239 shares of the financial services provider’s stock worth $5,727,000 after purchasing an additional 3,317 shares in the last quarter. 50.52% of the stock is owned by institutional investors and hedge funds.

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 in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

Read More: Stock Symbols and CUSIP Explained

Get a free copy of the Zacks research report on American River Bankshares (AMRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American River Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American River Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.