Two Rivers Bancorp (NASDAQ:TRCB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $23.00 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 56 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on TRCB shares. 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. FIG Partners reaffirmed an “outperform” rating on shares of Two Rivers Bancorp in a report on Wednesday, January 31st. Finally, ValuEngine lowered shares of Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its stake in Two Rivers Bancorp by 16.2% in the 4th quarter. Acadian Asset Management LLC now owns 21,699 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 3,026 shares during the period. Bank of New York Mellon Corp grew its stake in Two Rivers Bancorp by 16.9% in the 4th quarter. Bank of New York Mellon Corp now owns 28,108 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 4,064 shares during the period. BlackRock Inc. grew its stake in Two Rivers Bancorp by 1.5% in the 4th quarter. BlackRock Inc. now owns 340,964 shares of the financial services provider’s stock valued at $6,183,000 after acquiring an additional 4,918 shares during the period. Wells Fargo & Company MN grew its stake in Two Rivers Bancorp by 117.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,413 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 5,624 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in Two Rivers Bancorp in the 2nd quarter valued at $143,000. 22.63% of the stock is currently owned by hedge funds and other institutional investors.
Two Rivers Bancorp (TRCB) traded down $0.45 during trading hours on Tuesday, hitting $17.13. 3,600 shares of the stock traded hands, compared to its average volume of 9,864. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $148.90, a price-to-earnings ratio of 18.70 and a beta of 0.49. Two Rivers Bancorp has a 52-week low of $15.71 and a 52-week high of $20.75.
Two Rivers Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $9.87 million for the quarter, compared to analysts’ expectations of $9.71 million. Two Rivers Bancorp had a net margin of 14.88% and a return on equity of 7.79%. equities research analysts forecast that Two Rivers Bancorp will post 1.27 EPS for the current year.
Two Rivers Bancorp announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $2.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 7th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.18 dividend on an annualized basis and a yield of 1.05%. Two Rivers Bancorp’s dividend payout ratio is currently 23.68%.
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Two Rivers Bancorp Company Profile
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.
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