Hanson McClain Inc. Grows Stake in American River Bankshares (NASDAQ:AMRB)

Hanson McClain Inc. raised its position in American River Bankshares (NASDAQ:AMRB) by 54.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,698 shares of the financial services provider’s stock after buying an additional 1,661 shares during the period. Hanson McClain Inc. owned 0.08% of American River Bankshares worth $61,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Phocas Financial Corp. bought a new position in American River Bankshares in the 4th quarter valued at $78,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in American River Bankshares by 18.5% in the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 18,588 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 2,900 shares during the period. Wedbush Securities Inc. boosted its holdings in American River Bankshares by 7.7% in the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 1,920 shares during the period. Siena Capital Partners GP LLC boosted its holdings in American River Bankshares by 8.2% in the 4th quarter. Siena Capital Partners GP LLC now owns 212,614 shares of the financial services provider’s stock valued at $2,966,000 after purchasing an additional 16,082 shares during the period. Finally, Basswood Capital Management L.L.C. raised its position in shares of American River Bankshares by 3.3% during the 4th quarter. Basswood Capital Management L.L.C. now owns 693,038 shares of the financial services provider’s stock valued at $9,668,000 after buying an additional 22,388 shares in the last quarter. Hedge funds and other institutional investors own 50.80% of the company’s stock.

Several research firms have recently weighed in on AMRB. ValuEngine upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Zacks Investment Research cut shares of American River Bankshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 23rd.

Shares of American River Bankshares stock traded up $0.38 on Friday, hitting $12.78. 260 shares of the company traded hands, compared to its average volume of 2,710. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $73.01 million, a P/E ratio of 15.39 and a beta of 0.24. American River Bankshares has a 12-month low of $10.50 and a 12-month high of $17.48.

American River Bankshares (NASDAQ:AMRB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.05). The company had revenue of $5.96 million for the quarter, compared to analysts’ expectations of $5.93 million. American River Bankshares had a net margin of 18.88% and a return on equity of 6.34%. On average, analysts predict that American River Bankshares will post 0.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, April 30th. American River Bankshares’s payout ratio is presently 24.10%.

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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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Institutional Ownership by Quarter for American River Bankshares (NASDAQ:AMRB)

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