Two Rivers Bancorp (TRCB) Receives Average Rating of “Buy” from Analysts

Two Rivers Bancorp (NASDAQ:TRCB) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Two Rivers Bancorp’s rating score has declined by 100% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $20.00 for the company and are predicting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 105 out of 256 based on the ratings given to related companies.

A number of analysts have commented on TRCB shares. Zacks Investment Research lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. ValuEngine lowered shares of Two Rivers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a research note on Friday, November 16th.

In other Two Rivers Bancorp news, Director Charles F. Butrico, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $15.81 per share, for a total transaction of $31,620.00. Following the purchase, the director now owns 6,830 shares of the company’s stock, valued at approximately $107,982.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 6,000 shares of company stock valued at $93,870 in the last 90 days. 16.51% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Two Rivers Bancorp by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 236,637 shares of the financial services provider’s stock worth $4,103,000 after acquiring an additional 900 shares in the last quarter. Maltese Capital Management LLC grew its stake in shares of Two Rivers Bancorp by 286.9% in 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 shares of 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 acquiring an additional 28,749 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Two Rivers Bancorp in the 3rd quarter worth $331,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Two Rivers Bancorp in the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 22.65% of the company’s stock.

NASDAQ:TRCB opened at $15.40 on Friday. The firm has a market capitalization of $131.07 million, a PE ratio of 16.38 and a beta of 0.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. Two Rivers Bancorp has a twelve month low of $11.54 and a twelve month high of $19.90.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $10.46 million during the quarter, compared to analyst estimates of $10.50 million. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.45%. Analysts forecast that Two Rivers Bancorp will post 1.27 EPS for the current fiscal year.

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.

Further Reading: Diversification

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