Two Rivers Bancorp (TRCB) Given Average Rating of “Strong Buy” by Brokerages
Shares of Two Rivers Bancorp (NASDAQ:TRCB) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $22.50 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 115 out of 255 based on the ratings given to related companies.
Several brokerages recently weighed in on TRCB. Zacks Investment Research raised shares of Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, April 24th. ValuEngine downgraded shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday.
Several large investors have recently made changes to their positions in TRCB. Wells Fargo & Company MN increased its position in shares of Two Rivers Bancorp by 117.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,413 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 5,624 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Two Rivers Bancorp by 16.9% in the 4th quarter. Bank of New York Mellon Corp now owns 28,108 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 4,064 shares during the last quarter. BlackRock Inc. increased its position in shares of Two Rivers Bancorp by 1.5% in the 4th quarter. BlackRock Inc. now owns 340,964 shares of the financial services provider’s stock valued at $6,183,000 after purchasing an additional 4,918 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Two Rivers Bancorp in the 4th quarter valued at approximately $398,000. Finally, Deutsche Bank AG increased its position in shares of Two Rivers Bancorp by 353.1% in the 4th quarter. Deutsche Bank AG now owns 31,149 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 24,275 shares during the last quarter. 23.37% of the stock is currently owned by institutional investors.
TRCB traded down $0.28 during trading hours on Friday, hitting $17.05. 19,514 shares of the company’s stock were exchanged, compared to its average volume of 16,533. Two Rivers Bancorp has a 12-month low of $16.51 and a 12-month high of $20.75. The company has a market cap of $154.47 million, a P/E ratio of 18.14 and a beta of 0.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Thursday, July 26th. The financial services provider reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 16.85% and a return on equity of 9.06%. The firm had revenue of $10.47 million for the quarter, compared to the consensus estimate of $10.46 million. research analysts forecast that Two Rivers Bancorp will post 1.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Friday, August 10th will be paid a dividend of $0.055 per share. This is an increase from Two Rivers Bancorp’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 9th. Two Rivers Bancorp’s dividend payout ratio is presently 23.40%.
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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