Two Rivers Bancorp (TRCB) Reaches New 1-Year Low at $15.11

Two Rivers Bancorp (NASDAQ:TRCB) hit a new 52-week low on Thursday . The company traded as low as $15.11 and last traded at $15.15, with a volume of 2543 shares changing hands. The stock had previously closed at $15.17.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Two Rivers Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 27th.

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $129.82 million, a price-to-earnings ratio of 16.07 and a beta of 0.51.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Two Rivers Bancorp had a return on equity of 9.56% and a net margin of 17.59%. The business had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.50 million. Sell-side analysts expect that Two Rivers Bancorp will post 1.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.46%. Two Rivers Bancorp’s dividend payout ratio (DPR) is 23.40%.

In related news, CEO William D. Moss acquired 2,000 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average cost of $15.95 per share, for a total transaction of $31,900.00. Following the purchase, the chief executive officer now directly owns 13,122 shares in the company, valued at $209,295.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have purchased 6,873 shares of company stock valued at $113,520. 16.48% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in Two Rivers Bancorp during the 3rd quarter worth $158,000. Alliancebernstein L.P. bought a new position in Two Rivers Bancorp during the 3rd quarter worth $331,000. LMR Partners LLP bought a new position in Two Rivers Bancorp during the 2nd quarter worth $380,000. Acadian Asset Management LLC grew its stake 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 buying an additional 8,719 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Two Rivers Bancorp by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 25,052 shares of the financial services provider’s stock worth $479,000 after buying an additional 6,185 shares during the last quarter. Hedge funds and other institutional investors own 22.34% of the company’s stock.

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Two Rivers Bancorp Company Profile (NASDAQ:TRCB)

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.

See Also: Average Daily Trade Volume – ADTV

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