Two Rivers Bancorp (NASDAQ:TRCB) Sees Unusually-High Trading Volume

Two Rivers Bancorp (NASDAQ:TRCB) saw unusually-strong trading volume on Friday . Approximately 732,107 shares changed hands during trading, an increase of 5,213% from the previous session’s volume of 13,780 shares.The stock last traded at $20.40 and had previously closed at $13.53.

A number of analysts have recently commented on TRCB shares. 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. Boenning Scattergood reissued a “buy” rating and set a $18.00 target price on shares of Two Rivers Bancorp in a research note on Wednesday, July 24th. Finally, FIG Partners reissued an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, April 24th.

The company has a market capitalization of $171.23 million, a price-to-earnings ratio of 15.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $14.35.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Two Rivers Bancorp had a net margin of 22.19% and a return on equity of 10.05%. The company had revenue of $10.66 million during the quarter, compared to analysts’ expectations of $11.08 million. On average, analysts predict that Two Rivers Bancorp will post 1.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.37%. Two Rivers Bancorp’s dividend payout ratio is presently 21.37%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in Two Rivers Bancorp by 521.6% during the 4th quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,643 shares in the last quarter. Wells Fargo & Company MN grew its stake in Two Rivers Bancorp by 21.8% during the 2nd quarter. Wells Fargo & Company MN now owns 9,457 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 1,695 shares in the last quarter. Acadian Asset Management LLC grew its stake in Two Rivers Bancorp by 10.2% during the 1st 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 in the last quarter. Context BH Capital Management LP grew its stake in Two Rivers Bancorp by 18.7% during the 2nd quarter. Context BH Capital Management LP now owns 24,981 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 3,941 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Two Rivers Bancorp by 15.1% during the 4th 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 in the last quarter. 25.05% of the stock is owned by institutional investors.

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.

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