Shares of Two Rivers Bancorp (NASDAQ:TRCB) have been given 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 research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $20.00 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 155 out of 255 based on the ratings given to its competitors.
A number of brokerages have weighed in on TRCB. Zacks Investment Research cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. ValuEngine cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th.
Shares of TRCB opened at $15.38 on Friday. Two Rivers Bancorp has a 1-year low of $15.15 and a 1-year high of $19.90. The stock has a market cap of $135.21 million, a price-to-earnings ratio of 16.36 and a beta of 0.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.56%. The business had revenue of $10.46 million during the quarter, compared to analysts’ expectations of $10.50 million. As a group, equities research analysts predict that Two Rivers Bancorp will post 1.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, November 6th. Two Rivers Bancorp’s dividend payout ratio (DPR) is currently 23.40%.
In other Two Rivers Bancorp news, CEO William D. Moss acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average price of $15.95 per share, for a total transaction of $31,900.00. Following the completion of the acquisition, the chief executive officer now owns 13,122 shares of the company’s stock, valued at approximately $209,295.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased 6,873 shares of company stock valued at $113,520 in the last 90 days. Company insiders own 16.48% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. LMR Partners LLP acquired a new position in shares of Two Rivers Bancorp in the second quarter valued at approximately $380,000. Paloma Partners Management Co acquired a new position in shares of Two Rivers Bancorp in the second quarter valued at approximately $671,000. Maltese Capital Management LLC grew its holdings in shares of Two Rivers Bancorp by 103.3% in the second quarter. Maltese Capital Management LLC now owns 58,154 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 29,544 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Two Rivers Bancorp by 53.4% in the second quarter. Dimensional Fund Advisors LP now owns 81,707 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 28,456 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Two Rivers Bancorp in the third quarter valued at approximately $158,000. Hedge funds and other institutional investors own 22.24% of the company’s stock.
Two Rivers Bancorp Company Profile
Two River Bancorp operates as the bank holding company for Two River Community Bank that provides a range of banking services to small and medium-sized businesses, not-for-profit organizations, professionals, and individuals. The company offers deposit products, including checking, savings, and money market accounts, as well as certificates of deposit.
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