Equities analysts expect American River Bankshares (NASDAQ:AMRB) to post $6.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American River Bankshares’ earnings, with the lowest sales estimate coming in at $6.20 million and the highest estimate coming in at $6.30 million. American River Bankshares posted sales of $5.63 million during the same quarter last year, which suggests a positive year over year growth rate of 11%. The firm is scheduled to announce its next earnings report on Thursday, October 17th.

On average, analysts expect that American River Bankshares will report full year sales of $24.75 million for the current year, with estimates ranging from $24.60 million to $24.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $26.80 million, with estimates ranging from $26.30 million to $27.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow American River Bankshares.

American River Bankshares (NASDAQ:AMRB) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). American River Bankshares had a net margin of 18.30% and a return on equity of 6.29%. The firm had revenue of $6.05 million during the quarter, compared to analysts’ expectations of $6.20 million.

Several research firms have recently weighed in on AMRB. Zacks Investment Research downgraded American River Bankshares from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th. ValuEngine raised American River Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

A number of hedge funds have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC increased its position in American River Bankshares by 3.2% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 330,423 shares of the financial services provider’s stock valued at $4,051,000 after acquiring an additional 10,201 shares during the period. Wedbush Securities Inc. increased its position in American River Bankshares by 7.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 1,920 shares during the period. Context BH Capital Management LP increased its position in American River Bankshares by 4.2% during the 2nd quarter. Context BH Capital Management LP now owns 22,566 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 902 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in American River Bankshares by 13.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 19,879 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,402 shares during the period. Finally, Hanson McClain Inc. increased its position in American River Bankshares by 54.7% during the 1st quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,661 shares during the period. Hedge funds and other institutional investors own 50.80% of the company’s stock.

Shares of American River Bankshares stock traded up $0.05 on Tuesday, hitting $12.60. The stock had a trading volume of 29,703 shares, compared to its average volume of 11,575. American River Bankshares has a 52-week low of $10.50 and a 52-week high of $16.89. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.14. The firm has a market cap of $73.89 million, a PE ratio of 15.18 and a beta of 0.23. The business has a 50 day moving average price of $12.75.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, July 30th. This is a boost from American River Bankshares’s previous quarterly dividend of $0.05. American River Bankshares’s payout ratio is 33.73%.

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. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.

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Earnings History and Estimates for American River Bankshares (NASDAQ:AMRB)

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