Zacks: Analysts Expect American River Bankshares (AMRB) Will Announce Earnings of $0.20 Per Share
Equities analysts predict that American River Bankshares (NASDAQ:AMRB) will announce $0.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American River Bankshares’ earnings. American River Bankshares posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The company is scheduled to announce its next earnings results on Thursday, July 20th.
According to Zacks, analysts expect that American River Bankshares will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts expect that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.89 to $0.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. American River Bankshares had a return on equity of 7.58% and a net margin of 27.61%. The company had revenue of $5.23 million for the quarter, compared to the consensus estimate of $5.55 million.
Separately, Zacks Investment Research cut American River Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th.
American River Bankshares (NASDAQ:AMRB) traded up 2.07% during trading on Tuesday, reaching $14.30. The company had a trading volume of 848 shares. American River Bankshares has a one year low of $10.01 and a one year high of $15.99. The company has a market capitalization of $94.05 million, a PE ratio of 15.26 and a beta of 0.53. The firm’s 50 day moving average is $14.78 and its 200 day moving average is $14.55.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 17th. Stockholders of record on Wednesday, May 3rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. American River Bankshares’s dividend payout ratio is 21.28%.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect American River Bankshares (AMRB) Will Announce Earnings of $0.20 Per Share” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/05/24/zacks-analysts-expect-american-river-bankshares-amrb-will-announce-earnings-of-0-20-per-share-updated.html.
In related news, COO Kevin Bender sold 3,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.83, for a total value of $44,490.00. Following the transaction, the chief operating officer now owns 21,081 shares of the company’s stock, valued at $312,631.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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 company. Renaissance Technologies LLC boosted its position in shares of American River Bankshares by 34.5% in the first quarter. Renaissance Technologies LLC now owns 23,800 shares of the financial services provider’s stock valued at $353,000 after buying an additional 6,100 shares during the period. Morgan Stanley boosted its position in shares of American River Bankshares by 29.9% in the first quarter. Morgan Stanley now owns 15,272 shares of the financial services provider’s stock valued at $227,000 after buying an additional 3,512 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American River Bankshares by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 344,029 shares of the financial services provider’s stock valued at $5,099,000 after buying an additional 14,855 shares during the period. Globeflex Capital L P boosted its position in shares of American River Bankshares by 13,991.8% in the first quarter. Globeflex Capital L P now owns 8,596 shares of the financial services provider’s stock valued at $127,000 after buying an additional 8,535 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of American River Bankshares by 1.6% in the first quarter. Geode Capital Management LLC now owns 12,925 shares of the financial services provider’s stock valued at $191,000 after buying an additional 198 shares during the period. 48.09% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock 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 stocks with our FREE daily email newsletter.