American River Bankshares (AMRB) Earning Somewhat Critical News Coverage, Study Shows
Media coverage about American River Bankshares (NASDAQ:AMRB) has been trending somewhat negative this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American River Bankshares earned a news sentiment score of -0.03 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 48.6922072686647 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- American River Bankshares (AMRB) Ex-Dividend Date Scheduled for (nasdaq.com)
- American River Bankshares (AMRB) to Post Q2 2018 Earnings of $0.21 Per Share, FIG Partners Forecasts (americanbankingnews.com)
- American River Bank CEO steps down after 32 years (bizjournals.com)
- Analysts Expect American River Bankshares (AMRB) Will Announce Quarterly Sales of $5.55 Million (americanbankingnews.com)
- American River Bankshares : Bank Announces Leadership Change (4-traders.com)
A number of brokerages have commented on AMRB. Zacks Investment Research upgraded American River Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. UBS AG downgraded American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. downgraded American River Bankshares from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th.
Shares of American River Bankshares (AMRB) traded up 1.27% during trading on Tuesday, reaching $15.20. The company’s stock had a trading volume of 15,614 shares. The stock has a market capitalization of $95.43 million, a price-to-earnings ratio of 16.26 and a beta of 0.37. American River Bankshares has a 1-year low of $12.00 and a 1-year high of $15.99. The company’s 50-day moving average price is $14.20 and its 200 day moving average price is $14.07.
American River Bankshares (NASDAQ:AMRB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). The firm had revenue of $5.18 million for the quarter, compared to the consensus estimate of $5.45 million. American River Bankshares had a return on equity of 6.65% and a net margin of 24.61%. Analysts anticipate that American River Bankshares will post $0.76 EPS for the current year.
American River Bankshares announced that its board has approved a stock buyback plan on Thursday, October 19th that authorizes the company to buyback 320,000 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.20 annualized dividend and a yield of 1.32%. American River Bankshares’s dividend payout ratio is 23.81%.
In other news, CEO David T. Taber sold 33,753 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $13.85, for a total transaction of $467,479.05. Following the sale, the chief executive officer now directly owns 165,751 shares of the company’s stock, valued at $2,295,651.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is owned by corporate insiders.
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American River Bankshares Company Profile
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.
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