Wunderlich Cuts EPS Estimates for American River Bankshares (AMRB)

Wunderlich reiterates its Hold rating on shares of American River Bankshares AMRB on Monday, noting that 1Q11 EPS of $0.02 were slightly ahead of consensus and the Wunderlich estimate. Wunderlich maintains a $7 price target on the company. American River Bankshares is a bank holding company. The Company owns 100% of its banking subsidiary, American River Bank, and American River Financial. Wunderlich analyst Kevin B. Reynolds remains "cautious on credit quality at this point in the cycle, although the company does have abundant capital to absorb potential loan losses in the future." Reynolds lowered his 2011 EPS estimate to $0.12 from $0.18, and also lowered his 2012 EPS estimate to $0.18 from $0.27. American River Bankshares closed higher by $0.10 on Friday, or more than 1.6%, to $6.26.