Shares of Two Rivers Bancorp (NASDAQ:TRCB) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $23.00 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 178 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on the stock. FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Saturday, December 30th. Finally, ValuEngine downgraded shares of Two Rivers Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
Shares of Two Rivers Bancorp (TRCB) opened at $18.11 on Friday. The stock has a market cap of $153.14, a price-to-earnings ratio of 23.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. 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 announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $9.87 million during the quarter, compared to analyst estimates of $9.71 million. Two Rivers Bancorp had a return on equity of 7.79% and a net margin of 14.88%. research analysts expect that Two Rivers Bancorp will post 1.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th were paid a $0.045 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.18 annualized dividend and a dividend yield of 0.99%. Two Rivers Bancorp’s payout ratio is 23.68%.
Two Rivers Bancorp declared that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that permits the company to repurchase $2.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
A number of hedge funds have recently modified their holdings of TRCB. State Street Corp bought a new position in Two Rivers Bancorp in the second quarter worth $1,292,000. Northern Trust Corp lifted its position in Two Rivers Bancorp by 580.9% in the second quarter. Northern Trust Corp now owns 76,053 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 64,883 shares during the period. Vanguard Group Inc. lifted its position in Two Rivers Bancorp by 27.4% in the second quarter. Vanguard Group Inc. now owns 147,306 shares of the financial services provider’s stock worth $2,739,000 after purchasing an additional 31,683 shares during the period. Deutsche Bank AG lifted its position in Two Rivers Bancorp by 353.1% in the fourth quarter. Deutsche Bank AG now owns 31,149 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 24,275 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Two Rivers Bancorp in the fourth quarter worth $398,000. 23.21% of the stock is owned by hedge funds and other institutional investors.
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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.
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