American River Bankshares (AMRB) Reaches $15.99 52-Week High; Alta Advisers LTD Has Lowered Baidu (BIDU) Position By $2.22 Million

January 3, 2018 - By Darrin Black

Alta Advisers Ltd decreased Baidu Inc (BIDU) stake by 70.31% reported in 2017Q3 SEC filing. Alta Advisers Ltd sold 9,000 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Alta Advisers Ltd holds 3,800 shares with $941,000 value, down from 12,800 last quarter. Baidu Inc now has $85.26 billion valuation. The stock increased 1.30% or $3.15 during the last trading session, reaching $245.55. About 1.82M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since January 3, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

The stock of American River Bankshares (NASDAQ:AMRB) hit a new 52-week high and has $16.47 target or 3.00% above today’s $15.99 share price. The 6 months bullish chart indicates low risk for the $100.95M company. The 1-year high was reported on Jan, 3 by Barchart.com. If the $16.47 price target is reached, the company will be worth $3.03 million more. The stock increased 3.16% or $0.49 during the last trading session, reaching $15.99. About 6,177 shares traded. American River Bankshares (NASDAQ:AMRB) has risen 29.70% since January 3, 2017 and is uptrending. It has outperformed by 13.00% the S&P500.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 EPS, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $576.39M for 36.98 P/E if the $1.66 EPS becomes a reality. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 4 Sell and 11 Hold. Therefore 38% are positive. Baidu had 55 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Monday, August 31. The company was downgraded on Tuesday, July 28 by KeyBanc Capital Markets. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Overweight” rating by Morgan Stanley on Wednesday, May 11. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Buy” rating given on Tuesday, October 3 by Jefferies. Bernstein initiated Baidu, Inc. (NASDAQ:BIDU) on Wednesday, January 11 with “Underperform” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) has “Equal-Weight” rating given on Tuesday, January 17 by Morgan Stanley. JP Morgan maintained Baidu, Inc. (NASDAQ:BIDU) on Monday, October 30 with “Neutral” rating. The stock has “Neutral” rating by Macquarie Research on Friday, October 28. The firm earned “Sell” rating on Friday, July 14 by Bernstein. As per Friday, October 28, the company rating was downgraded by Credit Suisse.

American River Bankshares operates as the holding firm for American River Bank that provides commercial banking services and products to small to mid-sized businesses in California. The company has market cap of $100.95 million. The firm accepts checking and savings deposits, money market deposit accounts, and certificates of deposits. It has a 19.2 P/E ratio. It also provides secured and unsecured commercial, secured real estate, and other installment and term loans, as well as other customary banking services.

Analysts await American River Bankshares (NASDAQ:AMRB) to report earnings on January, 25. They expect $0.20 earnings per share, down 31.03% or $0.09 from last year’s $0.29 per share. AMRB’s profit will be $1.26M for 19.99 P/E if the $0.20 EPS becomes a reality. After $0.17 actual earnings per share reported by American River Bankshares for the previous quarter, Wall Street now forecasts 17.65% EPS growth.

Among 2 analysts covering American River Bankshares (NASDAQ:AMRB), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. American River Bankshares had 4 analyst reports since January 29, 2016 according to SRatingsIntel. The stock has “Underperform” rating by Raymond James on Thursday, August 10. The company was downgraded on Friday, December 16 by Raymond James. The stock of American River Bankshares (NASDAQ:AMRB) earned “Hold” rating by Sandler O’Neill on Thursday, November 10.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.30, from 1 in 2017Q2. It improved, as 1 investors sold American River Bankshares shares while 9 reduced holdings. 5 funds opened positions while 8 raised stakes. 3.22 million shares or 2.35% more from 3.15 million shares in 2017Q2 were reported. Royal Bancorporation Of Canada has 8 shares. Geode Capital Lc accumulated 11,472 shares or 0% of the stock. Acadian Asset Mngmt Limited holds 3,986 shares. Price Michael F owns 24,950 shares for 0.05% of their portfolio. Cutler Cap Management Lc has invested 0.06% of its portfolio in American River Bankshares (NASDAQ:AMRB). Hanson Mcclain has 272 shares for 0% of their portfolio. Blair William And Il reported 14,776 shares. Eidelman Virant stated it has 84,800 shares or 0.85% of all its holdings. Jpmorgan Chase And has invested 0% in American River Bankshares (NASDAQ:AMRB). Bridgeway Cap holds 0.02% or 98,044 shares in its portfolio. Blackrock stated it has 25,990 shares. Pacific Ridge Capital Limited reported 1% of its portfolio in American River Bankshares (NASDAQ:AMRB). California Public Employees Retirement, a California-based fund reported 16,747 shares. Beese Fulmer Invest Mngmt has invested 0.03% in American River Bankshares (NASDAQ:AMRB). Globeflex Capital Ltd Partnership holds 0.04% or 10,961 shares.

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