American River Bankshares (NASDAQ:AMRB) declared a quarterly dividend on Thursday, July 20th, Zacks reports. Stockholders of record on Wednesday, August 2nd will be given a dividend of 0.05 per share by the financial services provider on Wednesday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, July 31st.
Shares of American River Bankshares (NASDAQ AMRB) traded up 1.08% during midday trading on Tuesday, reaching $14.00. The company had a trading volume of 1,932 shares. American River Bankshares has a one year low of $10.15 and a one year high of $15.99. The company has a 50 day moving average of $14.14 and a 200 day moving average of $14.56. The company has a market capitalization of $90.79 million, a PE ratio of 14.97 and a beta of 0.37.
American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.20. American River Bankshares had a return on equity of 7.40% and a net margin of 27.46%. The business had revenue of $5.31 million for the quarter, compared to the consensus estimate of $5.35 million. Analysts predict that American River Bankshares will post $0.79 EPS for the current fiscal year.
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In other American River Bankshares news, CEO David T. Taber sold 33,753 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.85, for a total transaction of $467,479.05. Following the sale, the chief executive officer now owns 165,751 shares in the company, valued at $2,295,651.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.20% of the company’s stock.
Separately, Zacks Investment Research upgraded American River Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, June 26th.
About American River Bankshares
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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