Two Rivers Bancorp (NASDAQ:TRCB) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $18.00 for the company and are forecasting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 189 out of 256 based on the ratings given to its competitors.
Several analysts recently issued reports on the stock. FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th. Boenning Scattergood restated a “neutral” rating on shares of NBT Bancorp in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Two Rivers Bancorp by 10.4% during the fourth 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 during the period. Advisor Group Inc. grew its position in Two Rivers Bancorp by 521.6% during the fourth 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 during the period. Acadian Asset Management LLC grew its position in Two Rivers Bancorp by 10.2% during the first 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 during the period. Context BH Capital Management LP bought a new stake in Two Rivers Bancorp during the first quarter valued at approximately $333,000. Finally, BlackRock Inc. lifted its holdings in Two Rivers Bancorp by 15.1% during the fourth quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 4,793 shares in the last quarter. Institutional investors own 25.05% of the company’s stock.
NASDAQ TRCB traded up $0.08 during trading hours on Friday, hitting $14.34. 200 shares of the company’s stock traded hands, compared to its average volume of 14,635. The stock has a fifty day simple moving average of $14.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $121.72 million, a price-to-earnings ratio of 10.92 and a beta of 0.38. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $18.79.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $10.66 million during the quarter, compared to analyst estimates of $11.08 million. Two Rivers Bancorp had a net margin of 22.19% and a return on equity of 10.05%. As a group, equities analysts predict that Two Rivers Bancorp will post 1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.95%. Two Rivers Bancorp’s dividend payout ratio (DPR) is 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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