American River Bankshares (NASDAQ:AMRB) Raised to “Hold” at ValuEngine
Separately, Zacks Investment Research raised shares of Focus Financial Partners from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Monday, June 24th.
American River Bankshares stock opened at $13.17 on Wednesday. American River Bankshares has a 12-month low of $10.50 and a 12-month high of $16.89. The stock has a market cap of $77.60 million, a P/E ratio of 16.27 and a beta of 0.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average price is $12.45.
A number of institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new position in shares of American River Bankshares in the 4th quarter valued at about $78,000. Wedbush Securities Inc. increased its stake in shares of American River Bankshares by 7.7% in the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 1,920 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of American River Bankshares by 54.7% in the 1st quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,661 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of American River Bankshares by 17.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 320,222 shares of the financial services provider’s stock valued at $4,163,000 after purchasing an additional 46,694 shares in the last quarter. 50.80% of the stock is currently owned by hedge funds and other institutional investors.
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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