The stock of American River Bankshares (NASDAQ:AMRB) hit a new 52-week high and has $37.53 target or 169.00% above today’s $13.95 share price. The 5 months bullish chart indicates low risk for the $94.95 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $37.53 price target is reached, the company will be worth $160.47M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,751 shares traded hands or 98.62% up from the average. American River Bankshares (NASDAQ:AMRB) has risen 37.37% since April 15, 2016 and is uptrending. It has outperformed by 32.75% the S&P500.
According to Zacks Investment Research, “American River Bankshares is the parent company of American River Bank, a regional bank in Northern California with 10 full service branches in Sacramento, Sonoma, Placer and Amador Counties as well as two loan production offices in the San Francisco Bay Area. The Bank specializes in giving business owners more REACH by offering financial expertise and exceptional service to complement a full suite of banking products and lending solutions such as secured and unsecured lines of credit, commercial real estate loans, equipment financing, payroll and merchant card services. For more information, call (800) 544-0545 or visit AmericanRiverBank.com.”
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.84, from 0.46 in 2016Q1. The ratio increased, as 1 funds sold all American River Bankshares shares owned while 9 reduced positions. 7 funds bought stakes while 6 increased positions. They now own 2.73 million shares or 8.70% less from 2.99 million shares in 2016Q1.
Manufacturers Life Insur The, a Ontario – Canada-based fund reported 96 shares. Blackrock Institutional Na accumulated 0% or 11,245 shares. Moreover, Banc Funds has 0.22% invested in American River Bankshares (NASDAQ:AMRB) for 368,357 shares. Moreover, White Pine Capital Limited Com has 0.07% invested in American River Bankshares (NASDAQ:AMRB) for 15,300 shares. The Texas-based Bridgeway Mgmt Incorporated has invested 0.02% in American River Bankshares (NASDAQ:AMRB). Mufg Americas Hldgs Corp, a New York-based fund reported 630 shares. Deutsche State Bank Ag last reported 0% of its portfolio in the stock. Dimensional Fund Lp, a Texas-based fund reported 330,163 shares. Morgan Stanley holds 0% of its portfolio in American River Bankshares (NASDAQ:AMRB) for 18,179 shares. Vanguard Group Inc Incorporated last reported 0% of its portfolio in the stock. Moreover, Hilton Mgmt Limited Liability Company has 0.07% invested in American River Bankshares (NASDAQ:AMRB) for 22,555 shares. Wellington Mgmt Gru Llp holds 0% or 218,482 shares in its portfolio. Stifel Financial Corporation owns 49,945 shares or 0% of their US portfolio. Bancorporation Of America Corp De, a North Carolina-based fund reported 44 shares. Maltese Cap Management Ltd Company has invested 0.84% of its portfolio in American River Bankshares (NASDAQ:AMRB).
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 2 selling transactions for $39,805 net activity. $955 worth of American River Bankshares (NASDAQ:AMRB) shares were sold by TABER DAVID T.
More important recent American River Bankshares (NASDAQ:AMRB) news were published by: Zacks.com which released: “American River Bankshares (AMRB) Jumps: Stock Up 8.7%” on October 25, 2016, also Seekingalpha.com published article titled: “American River Bankshares’ (AMRB) CEO David Taber on Q3 2016 Results …”, Seekingalpha.com published: “American River Bankshares’ (AMRB) CEO David Taber on Q2 2016 Results …” on July 22, 2016. More interesting news about American River Bankshares (NASDAQ:AMRB) was released by: Streetinsider.com and their article: “Sandler O’Neill Downgrades American River Bankshares (AMRB) to Hold” with publication date: November 10, 2016.
AMRB Company Profile
American River Bankshares, incorporated on January 24, 1995, 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. The Bank also conducts lease financing for various types of business equipment, from computer software to heavy earth-moving equipment. The Firm serves various communities located in Sacramento, Placer, Yolo, El Dorado, Sonoma and Amador counties. The Firm also serves Alameda, Contra Costa and Santa Clara Counties through loan production offices located in the Cities of San Jose and San Ramon.
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