Wall Street brokerages forecast that Two Rivers Bancorp (NASDAQ:TRCB) will report $10.53 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Two Rivers Bancorp’s earnings, with the highest sales estimate coming in at $10.60 million and the lowest estimate coming in at $10.46 million. Two Rivers Bancorp reported sales of $10.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The company is expected to announce its next quarterly earnings results on Thursday, April 18th.

On average, analysts expect that Two Rivers Bancorp will report full-year sales of $43.92 million for the current fiscal year, with estimates ranging from $43.84 million to $44.00 million. For the next year, analysts expect that the business will post sales of $47.12 million, with estimates ranging from $46.70 million to $47.53 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Two Rivers Bancorp.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Two Rivers Bancorp had a return on equity of 10.07% and a net margin of 22.40%. The business had revenue of $10.62 million for the quarter, compared to analysts’ expectations of $10.64 million.

Several brokerages have recently commented on TRCB. ValuEngine raised Two Rivers Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a research report on Tuesday, January 29th. Finally, Zacks Investment Research downgraded shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd.

NASDAQ:TRCB traded down $0.77 during trading hours on Tuesday, hitting $15.20. The stock had a trading volume of 31,700 shares, compared to its average volume of 6,888. The company has a market cap of $138.65 million, a price-to-earnings ratio of 11.64 and a beta of 0.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.03. Two Rivers Bancorp has a one year low of $11.54 and a one year high of $19.90.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Maltese Capital Management LLC grew its position in Two Rivers Bancorp by 286.9% in the third quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock worth $3,902,000 after acquiring an additional 166,846 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Two Rivers Bancorp by 35.2% during the third quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 28,749 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Two Rivers Bancorp in the 3rd quarter worth about $331,000. Cerity Partners LLC boosted its holdings in shares of Two Rivers Bancorp by 4.1% in the 4th quarter. Cerity Partners LLC now owns 128,126 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 5,000 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Two Rivers Bancorp by 15.1% during the 4th 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 during the last quarter. 22.96% of the stock is owned by institutional investors.

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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