Shares of Two Rivers Bancorp (NASDAQ:TRCB) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $22.50 for the company and are anticipating that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 111 out of 255 based on the ratings given to its competitors.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered shares of Two Rivers Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 27th.
Shares of NASDAQ:TRCB remained flat at $$17.17 on Friday. 1,666 shares of the stock were exchanged, compared to its average volume of 7,245. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. Two Rivers Bancorp has a fifty-two week low of $16.51 and a fifty-two week high of $20.75. The firm has a market cap of $146.00 million, a PE ratio of 18.27 and a beta of 0.31.
Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 16.85% and a return on equity of 9.06%. The business had revenue of $10.47 million for the quarter, compared to analyst estimates of $10.46 million. analysts forecast that Two Rivers Bancorp will post 1.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Friday, August 10th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This is a positive change from Two Rivers Bancorp’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 1.28%. Two Rivers Bancorp’s payout ratio is currently 23.40%.
In other Two Rivers Bancorp news, Director Andrew A. Vitale acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average cost of $18.32 per share, for a total transaction of $36,640.00. Following the transaction, the director now directly owns 22,391 shares of the company’s stock, valued at $410,203.12. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 5,273 shares of company stock worth $94,328 over the last quarter. Insiders own 16.51% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Two Rivers Bancorp by 117.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,413 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 5,624 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Two Rivers Bancorp in the 4th quarter valued at about $398,000. Deutsche Bank AG lifted its holdings in Two Rivers Bancorp by 353.1% in the 4th quarter. Deutsche Bank AG now owns 31,149 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 24,275 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Two Rivers Bancorp by 48.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,251 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 17,408 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Two Rivers Bancorp by 54.1% in the 2nd quarter. Acadian Asset Management LLC now owns 24,832 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 8,719 shares in the last quarter. Institutional investors and hedge funds own 22.24% of the company’s stock.
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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