American River Bankshares (NASDAQ:AMRB) Short Interest Down 13.5% in July

American River Bankshares (NASDAQ:AMRB) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 3,200 shares, a decline of 13.5% from the June 30th total of 3,700 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Several institutional investors have recently added to or reduced their stakes in the business. Context BH Capital Management LP grew its stake in shares of American River Bankshares by 4.2% during the 2nd quarter. Context BH Capital Management LP now owns 22,566 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 902 shares during the period. Hanson McClain Inc. grew its stake in shares of American River Bankshares by 54.7% during the 1st quarter. Hanson McClain Inc. now owns 4,698 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,661 shares during the period. Wedbush Securities Inc. grew its stake in shares of American River Bankshares by 7.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,831 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 1,920 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of 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. Finally, Tower Research Capital LLC TRC bought a new position in shares of American River Bankshares during the 2nd quarter valued at approximately $79,000. Institutional investors and hedge funds own 50.85% of the company’s stock.

American River Bankshares stock opened at $13.10 on Friday. The business has a 50-day simple moving average of $12.80 and a two-hundred day simple moving average of $13.00. The company has a market cap of $75.97 million, a P/E ratio of 15.78 and a beta of 0.23. American River Bankshares has a 52-week low of $10.50 and a 52-week high of $16.89. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.14.

American River Bankshares (NASDAQ:AMRB) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $6.05 million for the quarter, compared to the consensus estimate of $6.20 million. American River Bankshares had a net margin of 18.30% and a return on equity of 6.29%. Research analysts anticipate that American River Bankshares will post 0.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.07 per share. This is an increase from American River Bankshares’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, July 30th. American River Bankshares’s payout ratio is currently 33.73%.

A number of brokerages have weighed in on AMRB. ValuEngine raised American River Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Zacks Investment Research downgraded American River Bankshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 25th.

About American River Bankshares

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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