Two Rivers Bancorp (NASDAQ:TRCB) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $20.00 for the company and are forecasting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 209 out of 255 based on the ratings given to related companies.
TRCB has been the topic of a number of recent research reports. Boenning Scattergood reiterated a “hold” rating on shares of Two Rivers Bancorp in a research report on Tuesday, January 29th. Zacks Investment Research upgraded Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, ValuEngine upgraded Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
Several large investors have recently bought and sold shares of TRCB. Alliancebernstein L.P. bought a new position in shares of Two Rivers Bancorp in the 3rd quarter worth $331,000. Dimensional Fund Advisors LP boosted its position in shares of Two Rivers Bancorp by 35.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 28,749 shares during the last quarter. Maltese Capital Management LLC boosted its position in shares of Two Rivers Bancorp by 286.9% in the 3rd quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock worth $3,902,000 after purchasing an additional 166,846 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Two Rivers Bancorp by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 236,637 shares of the financial services provider’s stock worth $4,103,000 after purchasing an additional 900 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Two Rivers Bancorp by 4.1% in the 4th quarter. Cerity Partners LLC now owns 128,126 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 22.96% of the company’s stock.
TRCB traded up $0.18 during mid-day trading on Friday, reaching $15.33. The stock had a trading volume of 4,845 shares, compared to its average volume of 8,141. The firm has a market capitalization of $131.28 million, a price-to-earnings ratio of 11.56 and a beta of 0.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.03 and a current ratio of 1.03. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $19.90.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $10.62 million for the quarter, compared to analyst estimates of $10.64 million. Two Rivers Bancorp had a return on equity of 10.07% and a net margin of 22.40%. As a group, research analysts forecast that Two Rivers Bancorp will post 1.33 EPS for the current year.
About Two Rivers Bancorp
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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