American River Bank (NASDAQ:AMRB) CEO David E. Ritchie, Jr. acquired 2,250 shares of the stock in a transaction dated Monday, May 7th. The shares were purchased at an average cost of $15.65 per share, with a total value of $35,212.50. Following the completion of the purchase, the chief executive officer now owns 20,987 shares of the company’s stock, valued at approximately $328,446.55. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
American River Bank traded up $15.58, hitting $15.58, during trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 300 shares, compared to its average volume of 9,330. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $91.21 million, a PE ratio of 19.87 and a beta of 0.29. American River Bank has a one year low of $12.21 and a one year high of $16.49.
American River Bank (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $5.11 million during the quarter, compared to analysts’ expectations of $5.30 million. American River Bank had a return on equity of 6.34% and a net margin of 15.32%. equities analysts forecast that American River Bank will post 0.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. American River Bank’s dividend payout ratio (DPR) is presently 26.67%.
American River Bank announced that its board has initiated a stock buyback program on Thursday, January 25th that permits the company to repurchase 310,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new position in American River Bank during the fourth quarter worth $278,000. Hilton Capital Management LLC grew its holdings in shares of American River Bank by 83.8% during the 4th quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 13,700 shares during the period. Siena Capital Partners GP LLC purchased a new stake in shares of American River Bank during the 1st quarter worth about $1,905,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of American River Bank by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 260,829 shares of the financial services provider’s stock worth $3,975,000 after purchasing an additional 6,140 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of American River Bank by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock worth $5,069,000 after purchasing an additional 7,266 shares during the period. Hedge funds and other institutional investors own 55.32% of the company’s stock.
AMRB has been the topic of a number of recent research reports. FIG Partners upgraded shares of American River Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, March 29th. Zacks Investment Research downgraded shares of American River Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, ValuEngine upgraded shares of American River Bank from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. American River Bank presently has a consensus rating of “Hold” and an average price target of $16.50.
About American River Bank
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 in California, the United States. The company accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit.
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