Two River Bancorp (TRCB) Scheduled to Post Quarterly Earnings on Tuesday

Two River Bancorp (NASDAQ:TRCB) is scheduled to be posting its quarterly earnings results on Tuesday, January 23rd. Analysts expect Two River Bancorp to post earnings of $0.26 per share for the quarter.

Two River Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $9.87 million for the quarter, compared to the consensus estimate of $9.62 million. Two River Bancorp had a net margin of 20.45% and a return on equity of 8.29%. On average, analysts expect Two River Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Two River Bancorp (TRCB) opened at $18.24 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $156.40, a PE ratio of 19.20 and a beta of 0.62. Two River Bancorp has a 1-year low of $13.97 and a 1-year high of $20.75.

Two River Bancorp announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $2.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Robert E. Gregory sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. Following the transaction, the director now owns 181,035 shares in the company, valued at approximately $3,528,372.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.48% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in Two River Bancorp stock. California State Teachers Retirement System acquired a new position in Two River Bancorp (NASDAQ:TRCB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,800 shares of the financial services provider’s stock, valued at approximately $238,000. California State Teachers Retirement System owned 0.15% of Two River Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 23.27% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Saturday, October 28th. ValuEngine downgraded shares of Two River Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

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About Two River Bancorp

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.

Earnings History for Two River Bancorp (NASDAQ:TRCB)

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