Zacks: Brokerages Anticipate American River Bankshares (AMRB) Will Announce Quarterly Sales of $6.05 Million
Wall Street brokerages expect American River Bankshares (NASDAQ:AMRB) to announce sales of $6.05 million for the current quarter, according to Zacks. Two analysts have made estimates for American River Bankshares’ earnings. The highest sales estimate is $6.10 million and the lowest is $6.00 million. American River Bankshares reported sales of $5.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 10%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 18th.
On average, analysts expect that American River Bankshares will report full year sales of $24.53 million for the current fiscal year, with estimates ranging from $24.36 million to $24.70 million. For the next financial year, analysts expect that the firm will post sales of $26.71 million, with estimates ranging from $26.60 million to $26.81 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.05). The company had revenue of $5.96 million for the quarter, compared to analysts’ expectations of $5.93 million. American River Bankshares had a net margin of 20.63% and a return on equity of 6.75%.
A number of large investors have recently added to or reduced their stakes in AMRB. Phocas Financial Corp. purchased a new stake in American River Bankshares in the fourth quarter worth about $78,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in American River Bankshares by 18.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 2,900 shares during the period. Wedbush Securities Inc. lifted its stake in American River Bankshares by 7.7% in the first quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 1,920 shares during the period. Siena Capital Partners GP LLC lifted its stake in American River Bankshares by 8.2% in the fourth quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock worth $2,966,000 after acquiring an additional 16,082 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its stake in American River Bankshares by 3.3% in the fourth quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock worth $9,668,000 after acquiring an additional 22,388 shares during the period. 51.07% of the stock is owned by institutional investors.
Shares of AMRB traded up $0.50 during trading hours on Friday, reaching $13.40. 1,688 shares of the company traded hands, compared to its average volume of 4,836. The firm has a market capitalization of $78.90 million, a P/E ratio of 16.14 and a beta of 0.19. American River Bankshares has a 12-month low of $10.50 and a 12-month high of $17.50. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, April 30th. American River Bankshares’s dividend payout ratio (DPR) is presently 24.10%.
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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