Media headlines about Two River Bancorp (NASDAQ:TRCB) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Two River Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.2656107906925 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Two River Bancorp (NASDAQ TRCB) opened at 18.21 on Wednesday. Two River Bancorp has a 52 week low of $10.81 and a 52 week high of $18.90. The firm has a 50-day moving average price of $18.00 and a 200-day moving average price of $17.76. The stock has a market capitalization of $152.73 million, a PE ratio of 17.20 and a beta of 0.62.
Two River Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $9.50 million during the quarter, compared to analyst estimates of $9.12 million. Two River Bancorp had a return on equity of 8.86% and a net margin of 21.67%. Equities research analysts predict that Two River Bancorp will post $0.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Friday, August 11th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.99%. This is a positive change from Two River Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, August 9th. Two River Bancorp’s dividend payout ratio (DPR) is presently 16.98%.
Separately, Zacks Investment Research raised Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, September 7th.
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In related news, Director Andrew A. Vitale acquired 2,000 shares of the stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $18.21 per share, with a total value of $36,420.00. Following the purchase, the director now directly owns 19,391 shares of the company’s stock, valued at $353,110.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.48% of the stock is owned by company insiders.
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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