American River Bankshares (NASDAQ:AMRB) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Shareholders of record on Wednesday, November 1st will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, October 31st.

Shares of American River Bankshares (NASDAQ:AMRB) opened at 14.90 on Monday. The firm’s 50-day moving average price is $14.15 and its 200-day moving average price is $14.08. The firm has a market capitalization of $93.54 million, a price-to-earnings ratio of 15.94 and a beta of 0.37. American River Bankshares has a 12 month low of $12.00 and a 12 month high of $15.99.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $5.18 million for the quarter, compared to analyst estimates of $5.45 million. American River Bankshares had a return on equity of 6.65% and a net margin of 24.61%. On average, equities analysts anticipate that American River Bankshares will post $0.76 earnings per share for the current year.

In related news, CEO David T. Taber sold 33,753 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.85, for a total transaction of $467,479.05. Following the completion of the transaction, the chief executive officer now directly owns 165,751 shares of the company’s stock, valued at $2,295,651.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.20% of the company’s stock.

American River Bankshares declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 19th that authorizes the company to buyback 320,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Several research analysts recently commented on AMRB shares. Zacks Investment Research cut American River Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. UBS AG cut American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. cut American River Bankshares from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th.

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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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