Two Rivers Bancorp (NASDAQ:TRCB) Director William Statter acquired 600 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was purchased at an average price of $17.22 per share, for a total transaction of $10,332.00. Following the acquisition, the director now directly owns 15,730 shares of the company’s stock, valued at approximately $270,870.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
William Statter also recently made the following trade(s):
- On Monday, August 13th, William Statter acquired 700 shares of Two Rivers Bancorp stock. The stock was purchased at an average price of $17.74 per share, for a total transaction of $12,418.00.
TRCB stock traded up $0.02 during midday trading on Friday, hitting $17.22. 200 shares of the company traded hands, compared to its average volume of 7,241. Two Rivers Bancorp has a twelve month low of $16.51 and a twelve month high of $20.75. 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 $146.94 million, a PE ratio of 18.30 and a beta of 0.31.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Two Rivers Bancorp had a return on equity of 9.06% and a net margin of 16.85%. The company had revenue of $10.47 million for the quarter, compared to the consensus estimate of $10.46 million. equities analysts expect that Two Rivers Bancorp will post 1.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Friday, August 10th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, August 9th. This is an increase from Two Rivers Bancorp’s previous quarterly dividend of $0.05. Two Rivers Bancorp’s dividend payout ratio (DPR) is 23.40%.
A number of hedge funds have recently made changes to their positions in TRCB. Wells Fargo & Company MN grew its holdings in Two Rivers Bancorp by 117.4% during the fourth 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 during the last quarter. LMR Partners LLP acquired a new position in Two Rivers Bancorp during the second quarter valued at approximately $380,000. Renaissance Technologies LLC acquired a new position in Two Rivers Bancorp during the fourth quarter valued at approximately $398,000. Acadian Asset Management LLC grew its holdings in 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 purchasing an additional 8,719 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Two Rivers Bancorp by 32.8% during the second quarter. Bank of America Corp DE now owns 25,052 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 6,185 shares during the last quarter. Institutional investors own 22.24% of the company’s stock.
A number of research firms recently commented on TRCB. Zacks Investment Research downgraded Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. ValuEngine downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th.
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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