Somewhat Positive Press Coverage Somewhat Unlikely to Impact Two River Bancorp (TRCB) Stock Price
News articles about Two River Bancorp (NASDAQ:TRCB) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Two River Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.6350159272353 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Zacks Investment Research raised shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, September 7th.
Two River Bancorp (NASDAQ TRCB) traded up $0.26 during trading on Friday, reaching $18.35. 4,953 shares of the company were exchanged, compared to its average volume of 8,137. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. The company has a market cap of $155.18, a price-to-earnings ratio of 18.62 and a beta of 0.65. Two River Bancorp has a twelve month low of $12.10 and a twelve month high of $20.75.
Two River Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $9.87 million for the quarter, compared to analyst estimates of $9.62 million. Two River Bancorp had a net margin of 20.45% and a return on equity of 8.29%. research analysts anticipate that Two River Bancorp will post 0.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 8th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 7th. Two River Bancorp’s dividend payout ratio (DPR) is presently 17.90%.
In related news, Director Robert E. Gregory sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $19.49, for a total transaction of $194,900.00. Following the sale, the director now owns 181,035 shares of the company’s stock, valued at approximately $3,528,372.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.48% of the company’s stock.
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Two River 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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