Two River Bancorp (TRCB) Earns Media Impact Rating of 0.13
News stories about Two River Bancorp (NASDAQ:TRCB) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Two River Bancorp earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.165742030864 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, Zacks Investment Research raised shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, July 28th.
Shares of Two River Bancorp (TRCB) traded up $0.09 on Monday, reaching $19.26. 2,885 shares of the company were exchanged, compared to its average volume of 8,806. Two River Bancorp has a 52-week low of $11.16 and a 52-week high of $20.75. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $162.07, a PE ratio of 19.45 and a beta of 0.65.
Two River Bancorp (NASDAQ:TRCB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Two River Bancorp had a net margin of 20.45% and a return on equity of 8.38%. The firm had revenue of $9.87 million for the quarter, compared to the consensus estimate of $9.62 million. analysts anticipate that Two River Bancorp will post 0.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 8th will be given a $0.045 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.93%. Two River Bancorp’s payout ratio is currently 17.90%.
In other 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 value of $194,900.00. Following the transaction, the director now directly owns 181,035 shares in the company, valued at approximately $3,528,372.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.48% of the company’s stock.
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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