Two Rivers Bancorp (TRCB) Downgraded by ValuEngine

Two Rivers Bancorp (NASDAQ:TRCB) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

Separately, Zacks Investment Research downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 27th.

Shares of Two Rivers Bancorp stock opened at $15.27 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $131.62 million, a P/E ratio of 16.24 and a beta of 0.51. Two Rivers Bancorp has a 52 week low of $15.15 and a 52 week high of $19.90.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.50 million. Two Rivers Bancorp had a return on equity of 9.56% and a net margin of 17.59%. On average, equities analysts predict that Two Rivers Bancorp will post 1.28 earnings per share for the current fiscal year.

In other Two Rivers Bancorp news, Director Charles F. Butrico, Jr. bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average price of $15.81 per share, for a total transaction of $31,620.00. Following the completion of the acquisition, the director now directly owns 6,830 shares in the company, valued at $107,982.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 6,873 shares of company stock valued at $113,520. 16.51% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TRCB. Dimensional Fund Advisors LP raised its holdings in Two Rivers Bancorp by 48.6% in the first quarter. Dimensional Fund Advisors LP now owns 53,251 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 17,408 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Two Rivers Bancorp by 54.1% during the second quarter. Acadian Asset Management LLC now owns 24,832 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 8,719 shares in the last quarter. LMR Partners LLP bought a new position in shares of Two Rivers Bancorp during the second quarter valued at $380,000. Maltese Capital Management LLC increased its holdings in shares of Two Rivers Bancorp by 103.3% during 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 acquiring an additional 29,544 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Two Rivers Bancorp by 3.5% during the second quarter. Royce & Associates LP now owns 149,600 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 22.34% 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.

Featured Story: How is the discount rate different from the Federal Funds rate?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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