TWO Rivers Bancorp (NASDAQ:TRCB) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $23.00 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned TWO Rivers Bancorp an industry rank of 173 out of 265 based on the ratings given to its competitors.
TRCB has been the topic of several research reports. Zacks Investment Research upgraded TWO Rivers Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, March 21st. FIG Partners restated an “outperform” rating on shares of TWO Rivers Bancorp in a research note on Wednesday, January 31st.
Shares of TRCB opened at $17.79 on Wednesday. The firm has a market capitalization of $151.40, a price-to-earnings ratio of 18.93 and a beta of 0.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.01. TWO Rivers Bancorp has a 1 year low of $15.71 and a 1 year high of $20.75.
TWO Rivers Bancorp (NASDAQ:TRCB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $9.87 million during the quarter, compared to the consensus estimate of $9.71 million. TWO Rivers Bancorp had a net margin of 14.88% and a return on equity of 7.75%. research analysts anticipate that TWO Rivers Bancorp will post 1.27 earnings per share for the current fiscal year.
TWO Rivers Bancorp announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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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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