Wall Street analysts expect that American River Bankshares (NASDAQ:AMRB) will report sales of $5.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American River Bankshares’ earnings. The highest sales estimate is $6.00 million and the lowest is $5.90 million. American River Bankshares posted sales of $5.11 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The company is scheduled to announce its next earnings results after the market closes on Thursday, April 18th.
According to Zacks, analysts expect that American River Bankshares will report full year sales of $24.53 million for the current year, with estimates ranging from $24.36 million to $24.70 million. For the next year, analysts forecast that the firm will post sales of $26.71 million, with estimates ranging from $26.60 million to $26.81 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow American River Bankshares.
American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). American River Bankshares had a net margin of 20.63% and a return on equity of 6.75%. The company had revenue of $5.92 million for the quarter, compared to analysts’ expectations of $5.80 million.
A number of research analysts have recently weighed in on AMRB shares. Zacks Investment Research raised American River Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, December 14th. ValuEngine cut American River Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, March 1st.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Siena Capital Partners GP LLC lifted its holdings in American River Bankshares by 8.2% in the 4th quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock worth $2,966,000 after purchasing an additional 16,082 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in American River Bankshares by 18.5% in the 4th 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 purchasing an additional 2,900 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in American River Bankshares by 3.3% in the 4th quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock worth $9,668,000 after purchasing an additional 22,388 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in American River Bankshares in the 4th quarter worth approximately $78,000. 51.33% of the stock is currently owned by institutional investors.
AMRB stock opened at $12.58 on Friday. American River Bankshares has a twelve month low of $10.50 and a twelve month high of $17.50. The company has a …read more
Source:: Daily times