Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Two River Bancorp (TRCB) Share Price
Media coverage about Two River Bancorp (NASDAQ:TRCB) has been trending somewhat positive on Saturday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Two River Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.7659206196662 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
TRCB has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, September 7th. ValuEngine downgraded shares of Two River Bancorp from a “buy” rating to a “hold” rating in a report on Thursday.
Two River Bancorp (NASDAQ TRCB) traded up $0.02 during trading hours on Friday, reaching $18.15. 1,805 shares of the company’s stock traded hands, compared to its average volume of 6,840. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. Two River Bancorp has a 52-week low of $13.57 and a 52-week high of $20.75. The stock has a market cap of $153.32, a P/E ratio of 18.39 and a beta of 0.60.
Two River Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Two River Bancorp had a net margin of 20.45% and a return on equity of 8.29%. The firm had revenue of $9.87 million during the quarter, compared to the consensus estimate of $9.62 million. sell-side analysts predict that Two River Bancorp will post 0.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.045 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.18 annualized dividend and a dividend yield of 0.99%. Two River Bancorp’s dividend payout ratio is currently 17.90%.
In other Two River Bancorp news, Director Robert E. Gregory sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $19.49, for a total transaction of $194,900.00. Following the sale, the director now directly owns 181,035 shares of the company’s stock, valued at approximately $3,528,372.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.48% of the stock is owned by company insiders.
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About Two River Bancorp
Two River Bancorp is the holding company for Two River Community Bank (the Bank). The Company acts as an independent community financial services provider. The Company’s segment is community banking operations. The Bank is a state-chartered commercial bank. The Bank offers a range of banking services, including demand, savings and time deposits, and commercial loans, residential loans and consumer/installment loans to small and medium-sized businesses, not-for-profit organizations, professionals and individuals primarily in Monmouth, Middlesex and Union Counties, New Jersey.
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