Shares of Two Rivers Bancorp (NASDAQ:TRCB) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating. Two Rivers Bancorp’s rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $19.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 168 out of 256 based on the ratings given to related companies.
A number of analysts recently commented on the stock. Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 24th. 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. Finally, FIG Partners reiterated an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, April 24th.
A number of hedge funds have recently added to or reduced their stakes in TRCB. Advisor Group Inc. boosted its stake in Two Rivers Bancorp by 521.6% in the 4th quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,643 shares in the last quarter. Context BH Capital Management LP acquired a new stake in Two Rivers Bancorp in the 1st quarter worth approximately $333,000. Acadian Asset Management LLC boosted its stake in Two Rivers Bancorp by 6.8% in the 4th quarter. Acadian Asset Management LLC now owns 29,973 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 1,907 shares in the last quarter. BlackRock Inc. boosted its stake in Two Rivers Bancorp by 15.1% in the 4th quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 4,793 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Two Rivers Bancorp by 2.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 61,282 shares of the financial services provider’s stock worth $935,000 after purchasing an additional 1,525 shares in the last quarter. Institutional investors own 25.05% of the company’s stock.
Shares of Two Rivers Bancorp stock traded down $0.07 on Friday, reaching $14.42. The stock had a trading volume of 13,040 shares, compared to its average volume of 8,590. The firm’s 50 day moving average price is $14.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.30. Two Rivers Bancorp has a 1 year low of $11.54 and a 1 year high of $19.83. The stock has a market cap of $125.66 million, a PE ratio of 10.98 and a beta of 0.38.
Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 9.94%. The firm had revenue of $10.50 million for the quarter, compared to the consensus estimate of $10.53 million. As a group, equities research analysts anticipate that Two Rivers Bancorp will post 1.35 earnings per share 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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