Two Rivers Bancorp (TRCB) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Two Rivers Bancorp (NASDAQ:TRCB) from a sell rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Two River Bancorp is a state-chartered commercial bank. It engaged in the business of commercial and retail banking. The company offers checking accounts, savings accounts, commercial loans, SBA lending, safe deposit boxes, night depository, wire transfers, money orders, traveler’s checks, automated teller machines, direct deposit, telephone and internet banking. Two River Bancorp, formerly known as Community Partners Bancorp, is headquartered in Tinton Falls, NJ. “

A number of other research firms have also weighed in on TRCB. Boenning Scattergood reiterated a hold rating on shares of Two Rivers Bancorp in a research note on Tuesday, January 29th. ValuEngine upgraded shares of Two Rivers Bancorp from a sell rating to a hold rating in a research note on Wednesday, January 2nd.

NASDAQ:TRCB opened at $16.00 on Thursday. The firm has a market capitalization of $138.55 million, a PE ratio of 12.21 and a beta of 0.44. Two Rivers Bancorp has a 1-year low of $11.54 and a 1-year high of $19.90. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28.

Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $10.62 million for the quarter, compared to analyst estimates of $10.64 million. Two Rivers Bancorp had a net margin of 22.40% and a return on equity of 10.07%. Research analysts predict that Two Rivers Bancorp will post 1.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 6th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.22 annualized dividend and a yield of 1.38%. Two Rivers Bancorp’s dividend payout ratio is presently 16.79%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in 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 buying an additional 11,528 shares during the period. Advisor Group Inc. grew its position in Two Rivers Bancorp by 521.6% during the fourth quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,643 shares during the period. Raymond James Financial Services Advisors Inc. grew its position 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 buying an additional 1,525 shares during the period. BlackRock Inc. grew its position 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 buying an additional 4,793 shares during the period. Finally, Acadian Asset Management LLC grew its position in Two Rivers Bancorp by 6.8% during the fourth quarter. Acadian Asset Management LLC now owns 29,973 shares of the financial services provider’s stock valued at $458,000 after buying an additional 1,907 shares during the period. Institutional investors own 23.18% 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.

See Also: Balanced Fund

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