Two Rivers Bancorp (NASDAQ:TRCB) Sees Significant Growth in Short Interest

Two Rivers Bancorp (NASDAQ:TRCB) was the recipient of a significant increase in short interest in November. As of November 29th, there was short interest totalling 24,100 shares, an increase of 85.4% from the November 14th total of 13,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 1.8 days.

A number of hedge funds have recently bought and sold shares of TRCB. Wells Fargo & Company MN lifted its holdings in Two Rivers Bancorp by 21.8% during the second quarter. Wells Fargo & Company MN now owns 9,457 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 1,695 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Two Rivers Bancorp by 44.8% during the second quarter. Acadian Asset Management LLC now owns 47,814 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 14,795 shares in the last quarter. Context BH Capital Management LP raised its stake in shares of Two Rivers Bancorp by 18.7% in the 2nd quarter. Context BH Capital Management LP now owns 24,981 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 3,941 shares during the period. Renaissance Technologies LLC raised its stake in shares of Two Rivers Bancorp by 26.8% in the 2nd quarter. Renaissance Technologies LLC now owns 99,387 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 21,000 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Two Rivers Bancorp by 14.5% in the 2nd quarter. BlackRock Inc. now owns 40,110 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 5,084 shares during the period. Hedge funds and other institutional investors own 28.29% of the company’s stock.

TRCB stock opened at $21.79 on Friday. The business’s 50-day moving average price is $21.18 and its two-hundred day moving average price is $18.12. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $186.96 million, a PE ratio of 16.63 and a beta of 0.29. Two Rivers Bancorp has a 1-year low of $11.54 and a 1-year high of $21.86.

Two Rivers Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.10). The business had revenue of $10.35 million for the quarter, compared to the consensus estimate of $11.01 million. Two Rivers Bancorp had a return on equity of 9.97% and a net margin of 20.47%.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.28%. Two Rivers Bancorp’s dividend payout ratio is presently 21.37%.

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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