Two Rivers Bancorp (NASDAQ:TRCB) is set to announce its earnings results on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $9.87 million for the quarter, compared to the consensus estimate of $9.62 million. Two Rivers Bancorp had a return on equity of 8.50% and a net margin of 22.67%. On average, analysts expect Two Rivers Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Two Rivers Bancorp (NASDAQ:TRCB) opened at $18.24 on Monday. The firm has a market capitalization of $154.25, a P/E ratio of 18.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. Two Rivers Bancorp has a 1-year low of $14.67 and a 1-year high of $20.75.

Two Rivers Bancorp declared that its board has authorized a stock repurchase plan on Thursday, December 14th that permits the company to buyback $2.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

TRCB has been the subject of several research analyst reports. Zacks Investment Research upgraded Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 26th. ValuEngine cut Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

In other Two Rivers Bancorp news, Director Robert E. Gregory sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $19.49, for a total transaction of $194,900.00. Following the completion of the transaction, the director now owns 181,035 shares in the company, valued at approximately $3,528,372.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.48% of the company’s stock.

A hedge fund recently bought a new stake in Two Rivers Bancorp stock. State Street Corp purchased a new stake in shares of Two Rivers Bancorp (NASDAQ:TRCB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 69,597 shares of the financial services provider’s stock, valued at approximately $1,292,000. State Street Corp owned approximately 0.83% of Two Rivers Bancorp at the end of the most recent reporting period. 23.27% of the stock is owned by hedge funds and other institutional investors.

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About Two Rivers 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.

Earnings History for Two Rivers Bancorp (NASDAQ:TRCB)

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