Analysts Anticipate Two Rivers Bancorp (TRCB) to Post $0.32 Earnings Per Share
Shares of Two Rivers Bancorp (NASDAQ:TRCB) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $22.50 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 179 out of 255 based on the ratings given to related companies.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Two Rivers Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. ValuEngine downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th.
Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $10.47 million during the quarter, compared to the consensus estimate of $10.46 million. Two Rivers Bancorp had a return on equity of 9.06% and a net margin of 16.85%. equities analysts anticipate that Two Rivers Bancorp will post 1.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Friday, August 10th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from Two Rivers Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, August 9th. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 23.40%.
In other Two Rivers Bancorp news, Director Andrew A. Vitale acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $18.32 per share, with a total value of $36,640.00. Following the transaction, the director now owns 22,391 shares of the company’s stock, valued at $410,203.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 4,873 shares of company stock valued at $86,640 over the last three months. Corporate insiders own 16.51% of the company’s stock.
Several large investors have recently modified their holdings of TRCB. LMR Partners LLP acquired a new position in Two Rivers Bancorp in the 2nd quarter valued at about $380,000. Maltese Capital Management LLC grew its position in Two Rivers Bancorp by 103.3% in the 2nd quarter. Maltese Capital Management LLC now owns 58,154 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 29,544 shares in the last quarter. Paloma Partners Management Co acquired a new position in Two Rivers Bancorp in the 2nd quarter valued at about $671,000. Dimensional Fund Advisors LP grew its position in Two Rivers Bancorp by 48.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,251 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 17,408 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Two Rivers Bancorp by 54.1% in the 2nd quarter. Acadian Asset Management LLC now owns 24,832 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 8,719 shares in the last quarter. 22.24% of the stock is owned by hedge funds and other institutional investors.
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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