American River Bankshares (NASDAQ:AMRB) issued its quarterly earnings results on Thursday. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01), Morningstar.com reports. The company had revenue of $6.05 million during the quarter, compared to the consensus estimate of $6.20 million. American River Bankshares had a return on equity of 6.29% and a net margin of 18.30%.
Shares of NASDAQ:AMRB opened at $13.17 on Friday. The business has a fifty day moving average of $12.45. The company has a market cap of $77.54 million, a price-to-earnings ratio of 16.26 and a beta of 0.21. American River Bankshares has a one year low of $10.50 and a one year high of $16.89. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.
Several large investors have recently modified their holdings of the company. Hanson McClain Inc. grew its holdings in shares of American River Bankshares by 54.7% during 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 during the last quarter. Phocas Financial Corp. bought a new position in shares of American River Bankshares during the 4th quarter valued at $78,000. Wedbush Securities Inc. grew its holdings in shares of American River Bankshares by 7.7% during 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 during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its holdings in shares of American River Bankshares by 17.1% during 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 during the last quarter. 50.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on AMRB shares. 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 report on Monday, June 24th. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday.
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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