American River Bankshares (NASDAQ:AMRB) announced a quarterly dividend on Friday, April 23rd, Wall Street Journal reports. Investors of record on Wednesday, May 5th will be paid a dividend of 0.07 per share by the financial services provider on Wednesday, May 19th. This represents a $0.28 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, May 4th.
American River Bankshares has raised its dividend payment by 40.0% 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 19.3% meaning its dividend is sufficiently covered by earnings. Analysts expect American River Bankshares to earn $1.11 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 25.2%.
Shares of AMRB opened at $19.73 on Monday. American River Bankshares has a fifty-two week low of $8.90 and a fifty-two week high of $21.08. The firm’s 50 day moving average price is $16.88 and its 200 day moving average price is $13.64. The company has a market cap of $117.65 million, a P/E ratio of 17.94 and a beta of 0.75. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.17.
Several research analysts have commented on AMRB shares. Zacks Investment Research cut shares of American River Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, April 20th. Janney Montgomery Scott restated a “neutral” rating on shares of American River Bankshares in a report on Tuesday, April 27th.
About American River Bankshares
American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services in the United States. It accepts checking and savings deposits; and offers money market deposit accounts and certificates of deposit. The company 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.
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