Revenue Update on American River Bankshares(NASDAQ:AMRB)

American River Bankshares(NASDAQ:AMRB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $5.37M. Analysts estimated a revenue of $5.48M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

American River Bankshares (AMRB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.09% or 0.01 points. Due to strong positive momentum, the stock ended at $10.66, which is also near the day’s high of $10.66. The stock began the session at $10.64 and the volume stood at 1,170 shares. The 52-week high of the shares is $11.1899 and the 52 week low is $9.29. The company has a current market capitalization of $72 M and it has 68,00,300 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 13, 2015, Roger J Taylor (director) sold 2,636 shares at $10.04 per share price.Also, On Jul 31, 2015, David T Taber (President & CEO) sold 4,900 shares at $10.03 per share price.On Feb 4, 2015, Loren E. Hunter (EVP Chief Credit Officer) purchased 1,000 shares at $9.82 per share price, according to the Form-4 filing with the securities and exchange commission.

American River Bankshares is a bank holding company. The Company operates a wholly owned subsidiary American River Bank (the Bank). The principal communities served are located in Sacramento Placer Yolo El Dorado Sonoma and Amador counties. The Company through its subsidiaries offers products and services to small and middle-market businesses and individuals. The Bank accepts checking and savings deposits offers money market deposit accounts and certificates of deposit makes secured and unsecured commercial secured real estate 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.

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