American River Bankshares (AMRB) to Issue Quarterly Dividend of $0.05
American River Bankshares (NASDAQ:AMRB) declared a quarterly dividend on Friday, April 21st. Stockholders of record on Wednesday, May 3rd will be given a dividend of 0.05 per share by the financial services provider on Wednesday, May 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, May 1st.
American River Bankshares (NASDAQ:AMRB) traded up 0.41% on Friday, hitting $14.71. 31,836 shares of the stock traded hands. The stock has a market capitalization of $96.92 million, a P/E ratio of 15.65 and a beta of 0.53. American River Bankshares has a 12-month low of $10.01 and a 12-month high of $15.99. The company’s 50 day moving average price is $14.92 and its 200-day moving average price is $14.12.
American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.02. The business had revenue of $5.23 million for the quarter, compared to the consensus estimate of $5.55 million. American River Bankshares had a return on equity of 7.58% and a net margin of 27.61%. Analysts predict that American River Bankshares will post $0.85 EPS for the current year.
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Separately, Zacks Investment Research cut shares of American River Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th.
In other American River Bankshares news, Director Jeffrey Owensby purchased 3,310 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was bought at an average cost of $15.14 per share, with a total value of $50,113.40. Following the purchase, the director now directly owns 3,310 shares of the company’s stock, valued at $50,113.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 12.50% of the stock is owned by company insiders.
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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