Brokerages Anticipate Two Rivers Bancorp (TRCB) to Announce $0.33 EPS
Two Rivers Bancorp (NASDAQ:TRCB) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Two Rivers Bancorp’s rating score has declined by 100% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus target price of $20.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 104 out of 257 based on the ratings given to related companies.
A number of brokerages have issued reports on TRCB. Zacks Investment Research downgraded shares of Two Rivers Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 27th. ValuEngine downgraded shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Two Rivers Bancorp in a research report on Friday.
Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $10.46 million for the quarter, compared to the consensus estimate of $10.50 million. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.45%. Analysts predict that Two Rivers Bancorp will post 1.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Tuesday, November 6th. Two Rivers Bancorp’s dividend payout ratio is presently 23.40%.
In other Two Rivers Bancorp news, Director Charles F. Butrico, Jr. bought 2,000 shares of Two Rivers Bancorp stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $15.81 per share, with a total value of $31,620.00. Following the transaction, the director now directly owns 6,830 shares of the company’s stock, valued at $107,982.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 6,600 shares of company stock worth $106,242 over the last ninety days. Insiders own 16.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TRCB. Maltese Capital Management LLC raised its position in shares of Two Rivers Bancorp by 286.9% during the 3rd quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock worth $3,902,000 after acquiring an additional 166,846 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Two Rivers Bancorp by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 28,749 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Two Rivers Bancorp during the 3rd quarter worth approximately $331,000. FNY Investment Advisers LLC purchased a new position in Two Rivers Bancorp during the 3rd quarter worth approximately $158,000. Finally, Acadian Asset Management LLC grew its stake in Two Rivers Bancorp by 13.0% during the 3rd quarter. Acadian Asset Management LLC now owns 28,066 shares of the financial services provider’s stock worth $486,000 after buying an additional 3,234 shares during the last quarter. 22.54% of the stock is currently owned by 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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