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American River (AMRB): Strong Industry, Solid Earnings Estimate Revisions


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One stock that might be an intriguing choice for investors right now is American River Bankshares AMRB . This is because this security in the Banks-West space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks-West space as it currently has a Zacks Industry Rank of 8 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, American River is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.

American River Bankshares Price and Consensus

American River Bankshares Price and Consensus | American River Bankshares Quote

In fact, over the past month, the current quarter and current year estimates have remained constant. This has helped AMRB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.You can see  the complete list of today's Zacks #1 Rank stocks here .

So, if you are looking for a decent pick in a strong industry, consider American River. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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American River Bankshares (AMRB): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: AMRB


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