Shares of Two Rivers Bancorp (NASDAQ:TRCB) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Two Rivers Bancorp’s rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price objective of $19.00 for the company and are anticipating 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 183 out of 256 based on the ratings given to related companies.
Several research analysts have commented on TRCB shares. Zacks Investment Research upgraded shares of Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Saturday, April 27th. Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a report on Tuesday, January 29th. Finally, FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a report on Wednesday, April 24th.
Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 9.94%. The business had revenue of $10.50 million during the quarter, compared to analyst estimates of $10.53 million. Equities research analysts expect that Two Rivers Bancorp will post 1.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 10th will be issued a $0.07 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Two Rivers Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.93%. Two Rivers Bancorp’s dividend payout ratio is 21.37%.
A number of hedge funds and other institutional investors have recently modified their holdings of TRCB. Advisor Group Inc. raised its holdings in Two Rivers Bancorp by 2,065.3% in the 1st quarter. Advisor Group Inc. now owns 42,397 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 40,439 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Two Rivers Bancorp by 35.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 28,749 shares in the last quarter. Context BH Capital Management LP bought a new position in shares of Two Rivers Bancorp in the 1st quarter worth about $333,000. ExodusPoint Capital Management LP bought a new position in shares of Two Rivers Bancorp in the 1st quarter worth about $199,000. Finally, Renaissance Technologies LLC increased its stake in shares of Two Rivers Bancorp by 11.4% in the 1st quarter. Renaissance Technologies LLC now owns 78,387 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 24.36% of the company’s stock.
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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