Two Rivers Bancorp (TRCB) Earns News Sentiment Score of 0.12

Share on StockTwits

News articles about Two Rivers Bancorp (NASDAQ:TRCB) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Two Rivers Bancorp earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 49.0653829552083 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

NASDAQ:TRCB remained flat at $$18.05 during mid-day trading on Friday. The company had a trading volume of 7,040 shares, compared to its average volume of 11,735. The firm has a market cap of $154.47 million, a PE ratio of 19.20 and a beta of 0.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.01. Two Rivers Bancorp has a 1-year low of $16.51 and a 1-year high of $20.75.

Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $10.47 million during the quarter, compared to analysts’ expectations of $10.46 million. Two Rivers Bancorp had a return on equity of 9.06% and a net margin of 16.85%. equities research analysts predict that Two Rivers Bancorp will post 1.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Friday, August 10th will be issued a dividend of $0.055 per share. This is a boost from Two Rivers Bancorp’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, August 9th. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 23.40%.

Separately, Zacks Investment Research cut Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 21st.

In other news, Director Andrew A. Vitale purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was acquired at an average cost of $18.32 per share, with a total value of $36,640.00. Following the acquisition, the director now owns 22,391 shares in the company, valued at approximately $410,203.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 4,250 shares of company stock valued at $76,163. 16.48% of the stock is currently owned by insiders.

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.

Further Reading: Momentum Indicator: Relative Strength Index

Insider Buying and Selling by Quarter for Two Rivers Bancorp (NASDAQ:TRCB)

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