Zacks: Two Rivers Bancorp (TRCB) Given Average Recommendation of “Strong Buy” by Brokerages

Two Rivers Bancorp (NASDAQ:TRCB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $22.50 for the company and are forecasting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 149 out of 255 based on the ratings given to its competitors.

A number of analysts recently issued reports on the company. ValuEngine cut Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Zacks Investment Research cut Two Rivers Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st.

In other news, Director Andrew A. Vitale bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $18.32 per share, with a total value of $36,640.00. Following the transaction, the director now directly owns 22,391 shares in the company, valued at $410,203.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders purchased 4,873 shares of company stock valued at $86,640. Insiders own 16.51% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TRCB. Dimensional Fund Advisors LP lifted its position in Two Rivers Bancorp by 48.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,251 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 17,408 shares during the period. Acadian Asset Management LLC lifted its position in Two Rivers Bancorp by 54.1% during the 2nd quarter. Acadian Asset Management LLC now owns 24,832 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 8,719 shares during the period. LMR Partners LLP acquired a new stake in Two Rivers Bancorp during the 2nd quarter worth approximately $380,000. Maltese Capital Management LLC lifted its position in Two Rivers Bancorp by 103.3% during the 2nd quarter. Maltese Capital Management LLC now owns 58,154 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 29,544 shares during the period. Finally, Royce & Associates LP lifted its position in Two Rivers Bancorp by 3.5% during the 2nd quarter. Royce & Associates LP now owns 149,600 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 5,000 shares during the period. 22.24% of the stock is owned by institutional investors.

Shares of NASDAQ TRCB opened at $16.75 on Wednesday. The stock has a market capitalization of $148.39 million, a P/E ratio of 17.82 and a beta of 0.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. Two Rivers Bancorp has a 52-week low of $16.51 and a 52-week high of $20.75.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Thursday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $10.47 million during the quarter, compared to analysts’ expectations of $10.46 million. Two Rivers Bancorp had a return on equity of 9.06% and a net margin of 16.85%. As a group, research analysts forecast that Two Rivers Bancorp will post 1.26 earnings per share 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.

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