Notable News Spotlight: American River Bankshares (NASDAQ-GS:AMRB)

American River Bankshares (NASDAQ-GS: AMRB) spotted trading -22.02% off 52-week high price. On the other end, the stock has been noted 25.43% away from the low price over the last 52-weeks. The stock changed -0.08% to recent value of $13.17. The stock transacted 6381 shares during most recent day however it has an average volume of 8.46K shares. The company has 5.89M of outstanding shares and 5.09M shares were floated in the market.

On July 18, 2019, American River Bankshares (NASDAQ-GS:AMRB) announced its third quarter cash dividend of 7 cents per share ($0.07) payable on August 14, 2019 to shareholders of record on July 31, 2019.  The 7 cents per share is a 2 cent or 40% increase over the second quarter 2019 cash dividend of 5 cents per share that was announced on April 18, 2019.

The cash dividend is the third quarterly cash dividend of 2019 and represents the eleventh cash dividend since the quarterly program was reinstated in January of 2017.

About American River Bankshares

American River Bankshares [NASDAQ-GS: AMRB] is the parent company of American River Bank, a regional bank serving Northern California since 1983. We give business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and services. Our honest approach, commitment to community and focus on profitability is intended to lead our clients to greater success. For more information, call (800) 544-0545 or visit AmericanRiverBank.com.

 

Forward-Looking Statements

Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.  Actual results may differ materially from the results in these forward-looking statements.  Factors that might cause such a difference include, among other matters, changes in interest rates, economic conditions, governmental regulation and legislation, credit quality, and competition affecting the Company’s businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, and in subsequent reports filed on Form 10-Q and Form 8-K.  The Company does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law. Its earnings per share (EPS) expected to touch remained 20.60% for this year while earning per share for the next 5-years is expected to reach at 15.00%.an operating margin of 88.10% while its profit margin remained 21.00% for the last 12 months.

The price moved ahead of 6.33% from the mean of 20 days, 5.23% from mean of 50 days SMA and performed -4.63% from mean of 200 days price. Company’s performance for the week was 6.64%, 4.11% for month and YTD performance remained -5.59%.

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