Pacific Ridge Capital Partners LLC boosted its position in shares of American River Bankshares (NASDAQ:AMRB) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,829 shares of the financial services provider’s stock after buying an additional 6,140 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 4.25% of American River Bankshares worth $3,975,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of AMRB. JPMorgan Chase & Co. lifted its holdings in American River Bankshares by 217.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after buying an additional 5,443 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of American River Bankshares during the 3rd quarter valued at $138,000. Context BH Capital Management LP raised its position in shares of American River Bankshares by 22.0% during the 3rd quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 4,005 shares during the last quarter. Vanguard Group Inc. raised its position in shares of American River Bankshares by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after acquiring an additional 4,667 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of American River Bankshares by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock valued at $5,069,000 after acquiring an additional 7,266 shares during the last quarter. 51.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American River Bankshares (AMRB) opened at $15.30 on Friday. The company has a market cap of $93.82, a price-to-earnings ratio of 31.22 and a beta of 0.30. American River Bankshares has a 1 year low of $12.97 and a 1 year high of $16.49. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.16.
American River Bankshares announced that its board has approved a share buyback plan on Thursday, January 25th that permits the company to repurchase 310,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, January 30th. American River Bankshares’s payout ratio is 40.82%.
In related news, COO Kevin Bender sold 4,878 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $15.01, for a total value of $73,218.78. Following the completion of the sale, the chief operating officer now owns 13,473 shares in the company, valued at approximately $202,229.73. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.50% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Sandler O’Neill set a $16.00 target price on shares of American River Bankshares and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.50.
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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