Renaissance Technologies LLC Acquires 41,645 Shares of Two Rivers Bancorp (TRCB)

Renaissance Technologies LLC lifted its holdings in shares of Two Rivers Bancorp (NASDAQ:TRCB) by 106.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,902 shares of the financial services provider’s stock after buying an additional 41,645 shares during the quarter. Renaissance Technologies LLC owned about 0.95% of Two Rivers Bancorp worth $1,548,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TRCB. Maltese Capital Management LLC lifted its stake in shares of 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 valued at $1,112,000 after buying an additional 29,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Two Rivers Bancorp by 53.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 81,707 shares of the financial services provider’s stock valued at $1,563,000 after buying an additional 28,456 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Two Rivers Bancorp during the 2nd quarter valued at approximately $380,000. Acadian Asset Management LLC lifted its stake in shares of 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 valued at $475,000 after buying an additional 8,719 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of 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 valued at $2,862,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 22.24% of the company’s stock.

Two Rivers Bancorp stock opened at $15.33 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $130.08 million, a P/E ratio of 16.31 and a beta of 0.34. Two Rivers Bancorp has a 1-year low of $15.15 and a 1-year high of $20.05.

Two Rivers Bancorp (NASDAQ:TRCB) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $10.46 million for 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 9.56%. Research analysts expect that Two Rivers Bancorp will post 1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 6th. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 23.40%.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th.

In other news, CEO William D. Moss bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were acquired at an average price of $15.95 per share, with a total value of $31,900.00. Following the acquisition, the chief executive officer now owns 13,122 shares of the company’s stock, valued at approximately $209,295.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 4,873 shares of company stock worth $81,900 in the last ninety days. 16.51% of the stock is currently owned by insiders.

Two Rivers Bancorp 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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Institutional Ownership by Quarter for Two Rivers Bancorp (NASDAQ:TRCB)

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