Two Rivers Bancorp (NASDAQ:TRCB) to Issue Dividend of $0.07

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Two Rivers Bancorp (NASDAQ:TRCB) declared a dividend on Wednesday, October 16th, Fidelity reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.07 per share by the financial services provider on Friday, November 29th. The ex-dividend date is Tuesday, November 5th.

NASDAQ TRCB opened at $20.97 on Friday. The company’s 50-day simple moving average is $20.65 and its two-hundred day simple moving average is $16.90. The company has a market capitalization of $182.76 million, a price-to-earnings ratio of 16.01 and a beta of 0.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.03. Two Rivers Bancorp has a one year low of $11.54 and a one year high of $21.34.

Two Rivers Bancorp (NASDAQ:TRCB) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The company had revenue of $10.35 million during the quarter, compared to analyst estimates of $11.01 million. Two Rivers Bancorp had a return on equity of 10.06% and a net margin of 20.47%. Equities analysts expect that Two Rivers Bancorp will post 1.34 earnings per share for the current fiscal year.

Several brokerages have commented on TRCB. Zacks Investment Research cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. ValuEngine upgraded shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Boenning Scattergood cut shares of Two Rivers Bancorp from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Monday, August 12th.

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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Dividend History for Two Rivers Bancorp (NASDAQ:TRCB)

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