American River Bankshares (NASDAQ:AMRB) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 1.15 per share on the revenues of $ 28.01 million.
Previous Quarter Performance
American River Bankshares outlined income for the second quarter of $ 0.30 per share, from the revenue of $ 6.86 million. The quarterly earnings 36.36 percent while revenues improved 13.39 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.23 per share from $ 6.78 million in revenue. The bottom line results beat street analysts by $ 0.07 or 30.43 percent, at the same time, top line results outshined analysts by $ 0.08 million or 1.18 percent.
Stock Performance
Shares of American River Bankshares traded low $ -0.05 or -0.48 percent on Wednesday, reaching $ 10.41 with volume of 0.70 thousand shares. The stock opened down for the day at $ 10.41, after closing the previous day trading at $ 10.46.
According to the previous trading day, closing price of $ 10.46, representing a 30.75 % increase from the 52 week low of $ 8.00 and a 36.34 % decrease over the 52 week high of $ 16.43.
The company has a market capital of $ 61.81 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 16, 2020, the board of directors authorized quarterly dividend of $ 0.07 per share to holders of record as of the close of business on July 29, 2020, with payment date of August 12, 2020 and ex-dividend date on July 28, 2020.
Conference Call
American River Bankshares will be hosting a conference call at 4:30 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.americanriverbank.com
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. It also provides commercial, commercial real estate, multi-family real estate, commercial and residential real estate construction, residential real estate, agriculture, consumer, and other installment and term loans, as well as other customary banking services.
