Two Rivers Bancorp (NASDAQ:TRCB) declared a quarterly dividend on Tuesday, January 23rd, NASDAQ reports. Investors of record on Wednesday, February 7th will be paid a dividend of 0.045 per share by the financial services provider on Wednesday, February 28th. This represents a $0.18 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, February 6th.
Two Rivers Bancorp (NASDAQ:TRCB) opened at $17.91 on Monday. Two Rivers Bancorp has a twelve month low of $15.71 and a twelve month high of $20.75. The stock has a market capitalization of $151.70, a PE ratio of 19.05 and a beta of 0.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. ValuEngine downgraded Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a report on Wednesday, January 31st.
An institutional investor recently bought a new position in Two Rivers Bancorp stock. State Street Corp bought a new position in shares of Two Rivers Bancorp (NASDAQ:TRCB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 69,597 shares of the financial services provider’s stock, valued at approximately $1,292,000. State Street Corp owned 0.83% of Two Rivers Bancorp as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 23.41% of the company’s stock.
Two Rivers Bancorp declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that allows the company to buyback $2.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Two Rivers Bancorp Company Profile
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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