American River Bankshares (NASDAQ:AMRB) saw a large drop in short interest in August. As of August 15th, there was short interest totalling 3,200 shares, a drop of 13.5% from the July 15th total of 3,700 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Shares of NASDAQ AMRB opened at $13.40 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.17. American River Bankshares has a 12 month low of $10.50 and a 12 month high of $16.28. The company has a 50 day simple moving average of $13.28 and a two-hundred day simple moving average of $12.96. The stock has a market cap of $79.46 million, a price-to-earnings ratio of 16.14 and a beta of 0.22.
American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). American River Bankshares had a net margin of 18.30% and a return on equity of 6.16%. The business had revenue of $6.05 million for the quarter, compared to analyst estimates of $6.20 million. Analysts forecast that American River Bankshares will post 0.94 EPS for the current year.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Zacks Investment Research cut shares of American River Bankshares from a “hold” rating to a “sell” rating in a research note on Friday, August 30th.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMRB. Pacific Ridge Capital Partners LLC lifted its stake in 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 acquiring an additional 46,694 shares during the period. Banc Funds Co. LLC acquired a new stake in American River Bankshares during the 2nd quarter valued at approximately $135,000. Tower Research Capital LLC TRC acquired a new stake in American River Bankshares during the 2nd quarter valued at approximately $79,000. Phocas Financial Corp. acquired a new stake in American River Bankshares during the 2nd quarter valued at approximately $6,883,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in American River Bankshares by 13.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 19,879 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 2,402 shares during the period. Institutional investors and hedge funds own 49.34% of the company’s stock.
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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