American River Bankshares (NASDAQ:AMRB) announced a quarterly dividend on Friday, January 17th, Wall Street Journal reports. Investors of record on Wednesday, January 29th will be given a dividend of 0.07 per share by the financial services provider on Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, January 28th.
American River Bankshares has raised its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend every year for the last 1 years. American River Bankshares has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Analysts expect American River Bankshares to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 20.7%.
AMRB stock opened at $14.87 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $87.73 million, a P/E ratio of 15.65 and a beta of 0.23. American River Bankshares has a 12-month low of $11.66 and a 12-month high of $15.99. The stock’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $14.08.
Several research firms recently issued reports on AMRB. ValuEngine raised American River Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Zacks Investment Research raised American River Bankshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday.
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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