Two Rivers Bancorp (NASDAQ:TRCB) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Two Rivers Bancorp (NASDAQ:TRCB) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating. Two Rivers Bancorp’s rating score has improved by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus target price of $19.00 for the company and are expecting 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 207 out of 256 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Boenning Scattergood upgraded shares of Two Rivers Bancorp from a “neutral” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Wednesday, April 24th. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Two Rivers Bancorp in a report on Wednesday, April 24th.

TRCB traded up $0.10 during midday trading on Thursday, hitting $14.44. 1,705 shares of the company’s stock traded hands, compared to its average volume of 9,924. The stock has a market capitalization of $125.01 million, a P/E ratio of 11.02 and a beta of 0.42. The company’s fifty day moving average price is $14.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30. Two Rivers Bancorp has a one year low of $11.54 and a one year high of $19.90.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $10.50 million for the quarter, compared to analyst estimates of $10.53 million. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 9.94%. On average, equities analysts forecast that Two Rivers Bancorp will post 1.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Friday, May 10th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, May 9th. This is a positive change from Two Rivers Bancorp’s previous quarterly dividend of $0.06. Two Rivers Bancorp’s dividend payout ratio is currently 21.37%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Two Rivers Bancorp by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 121,984 shares of the financial services provider’s stock valued at $1,860,000 after acquiring an additional 11,528 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Two Rivers Bancorp by 2.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 61,282 shares of the financial services provider’s stock valued at $935,000 after acquiring an additional 1,525 shares during the period. BlackRock Inc. raised its holdings in Two Rivers Bancorp by 15.1% during the fourth quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 4,793 shares during the period. Acadian Asset Management LLC raised its holdings in Two Rivers Bancorp by 10.2% during the first quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 3,046 shares during the period. Finally, Context BH Capital Management LP bought a new stake in Two Rivers Bancorp during the first quarter valued at about $333,000. Hedge funds and other institutional investors own 25.05% 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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