Two Rivers Bancorp (NASDAQ:TRCB) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Two Rivers Bancorp’s rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $20.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 167 out of 256 based on the ratings given to its competitors.
Several brokerages have issued reports on TRCB. ValuEngine lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a research note on Friday, November 16th. Finally, Zacks Investment Research downgraded shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th.
In other Two Rivers Bancorp news, CEO William D. Moss bought 2,000 shares of the business’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of $15.95 per share, for a total transaction of $31,900.00. Following the transaction, the chief executive officer now owns 13,122 shares in the company, valued at approximately $209,295.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have purchased 6,000 shares of company stock worth $93,870. 16.51% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new stake in Two Rivers Bancorp during the 2nd quarter valued at $671,000. FNY Investment Advisers LLC bought a new position in shares of Two Rivers Bancorp in the third quarter worth $158,000. Bank of America Corp DE increased its position in shares of Two Rivers Bancorp by 32.8% in the second quarter. Bank of America Corp DE now owns 25,052 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 6,185 shares during the period. Acadian Asset Management LLC increased its position in shares of Two Rivers Bancorp by 13.0% in the third quarter. Acadian Asset Management LLC now owns 28,066 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 3,234 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Two Rivers Bancorp by 53.4% in the second quarter. Dimensional Fund Advisors LP now owns 81,707 shares of the financial services provider’s stock worth $1,563,000 after purchasing an additional 28,456 shares during the period. 22.65% of the stock is owned by institutional investors.
NASDAQ TRCB opened at $16.04 on Friday. Two Rivers Bancorp has a 12-month low of $11.54 and a 12-month high of $19.90. The company has a market capitalization of $133.39 million, a price-to-earnings ratio of 17.06 and a beta of 0.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $10.46 million for the quarter, compared to analyst estimates of $10.50 million. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.45%. As a group, analysts anticipate that Two Rivers Bancorp will post 1.27 EPS for the current fiscal year.
About Two Rivers Bancorp
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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