FIG Partners Reiterates “Outperform” Rating for Two Rivers Bancorp (TRCB)

Two Rivers Bancorp (NASDAQ:TRCB)‘s stock had its “outperform” rating reaffirmed by analysts at FIG Partners in a research note issued to investors on Wednesday. FIG Partners also issued estimates for Two Rivers Bancorp’s FY2018 earnings at $1.27 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.47 EPS.

A number of other research firms have also weighed in on TRCB. Zacks Investment Research raised shares of Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Saturday, December 30th. ValuEngine lowered shares of Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

Two Rivers Bancorp (NASDAQ TRCB) opened at $18.01 on Wednesday. Two Rivers Bancorp has a fifty-two week low of $15.71 and a fifty-two week high of $20.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $151.04, a price-to-earnings ratio of 17.91 and a beta of 0.60.

Two Rivers Bancorp declared that its board has approved a stock repurchase program on Thursday, December 14th that permits the company to buyback $2.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund purchased a new position in Two Rivers Bancorp during the second quarter worth $143,000. SG Americas Securities LLC purchased a new position in Two Rivers Bancorp during the fourth quarter worth $149,000. OxFORD Asset Management LLP purchased a new position in Two Rivers Bancorp during the second quarter worth $226,000. Teachers Advisors LLC purchased a new position in Two Rivers Bancorp during the second quarter worth $237,000. Finally, California State Teachers Retirement System purchased a new position in Two Rivers Bancorp during the second quarter worth $238,000. 23.31% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/01/fig-partners-reiterates-outperform-rating-for-two-rivers-bancorp-trcb.html.

About Two Rivers Bancorp

Two River Bancorp is the holding company for Two River Community Bank (the Bank). The Company acts as an independent community financial services provider. The Company’s segment is community banking operations. The Bank is a state-chartered commercial bank. The Bank offers a range of banking services, including demand, savings and time deposits, and commercial loans, residential loans and consumer/installment loans to small and medium-sized businesses, not-for-profit organizations, professionals and individuals primarily in Monmouth, Middlesex and Union Counties, New Jersey.

Receive News & Ratings for Two Rivers Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Rivers Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply