Two Rivers Bancorp (NASDAQ:TRCB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus target price of $18.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 189 out of 256 based on the ratings given to its competitors.
A number of research analysts have weighed in on TRCB shares. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Boenning Scattergood reissued a “neutral” rating on shares of NBT Bancorp in a research report on Wednesday. Finally, FIG Partners reissued an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in Two Rivers Bancorp by 2.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 61,282 shares of the financial services provider’s stock worth $935,000 after buying an additional 1,525 shares during the period. Advisor Group Inc. lifted its position in shares of Two Rivers Bancorp by 521.6% during the 4th quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,643 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Two Rivers Bancorp by 10.2% during the 1st quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock valued at $523,000 after buying an additional 3,046 shares in the last quarter. BlackRock Inc. lifted its position in shares of Two Rivers Bancorp by 15.1% during the 4th quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after buying an additional 4,793 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Two Rivers Bancorp by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 121,984 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 11,528 shares in the last quarter. 25.05% of the stock is owned by institutional investors.
Shares of TRCB traded up $0.08 during midday trading on Friday, reaching $14.34. The company had a trading volume of 200 shares, compared to its average volume of 14,635. Two Rivers Bancorp has a 1-year low of $11.54 and a 1-year high of $18.79. The company has a market capitalization of $121.72 million, a PE ratio of 10.92 and a beta of 0.38. The business has a 50 day simple moving average of $14.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.03.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $10.66 million for the quarter, compared to the consensus estimate of $11.08 million. Two Rivers Bancorp had a return on equity of 10.05% and a net margin of 22.19%. On average, sell-side analysts predict that Two Rivers Bancorp will post 1.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, August 8th. Two Rivers Bancorp’s dividend payout ratio is currently 21.37%.
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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