American River Bankshares (NASDAQ:AMRB) Stock Passes Above 200 Day Moving Average of $14.15

American River Bankshares (NASDAQ:AMRB) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.15 and traded as high as $19.87. American River Bankshares shares last traded at $19.87, with a volume of 595 shares traded.

AMRB has been the subject of several recent analyst reports. Janney Montgomery Scott reissued a “neutral” rating on shares of American River Bankshares in a report on Tuesday, April 27th. Zacks Investment Research lowered American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, April 20th.

The firm has a market cap of $116.40 million, a PE ratio of 17.73 and a beta of 0.75. The company has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $14.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.73 and a quick ratio of 0.73.

American River Bankshares (NASDAQ:AMRB) last issued its earnings results on Sunday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The business had revenue of $7.72 million during the quarter, compared to analyst estimates of $7.50 million. American River Bankshares had a return on equity of 7.35% and a net margin of 22.23%. On average, sell-side analysts predict that American River Bankshares will post 1.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, May 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 4th. This represents a $0.28 annualized dividend and a yield of 1.44%. American River Bankshares’s payout ratio is currently 29.79%.

A number of hedge funds have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC lifted its position in American River Bankshares by 5.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 423,643 shares of the financial services provider’s stock valued at $6,910,000 after purchasing an additional 22,672 shares during the last quarter. BHZ Capital Management LP lifted its position in American River Bankshares by 6.3% in the first quarter. BHZ Capital Management LP now owns 34,116 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 2,033 shares during the last quarter. BlackRock Inc. lifted its position in American River Bankshares by 10.6% in the first quarter. BlackRock Inc. now owns 26,143 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 2,504 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of American River Bankshares by 0.9% during the first quarter. Alliancebernstein L.P. now owns 265,819 shares of the financial services provider’s stock valued at $4,336,000 after acquiring an additional 2,261 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in American River Bankshares by 0.8% in the first quarter. The Manufacturers Life Insurance Company now owns 340,432 shares of the financial services provider’s stock worth $5,552,000 after acquiring an additional 2,747 shares during the period. Hedge funds and other institutional investors own 49.11% of the company’s stock.

About American River Bankshares (NASDAQ:AMRB)

American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services in the United States. It accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit. The company provides commercial, commercial real estate, multi-family real estate, commercial and residential real estate construction, residential real estate, agriculture, consumer, and other installment and term loans, as well as other customary banking services.

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