Two Rivers Bancorp (TRCB) Given $20.00 Average Target Price by Brokerages

Two Rivers Bancorp (NASDAQ:TRCB) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $20.00 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 158 out of 255 based on the ratings given to related companies.

Several brokerages recently commented on TRCB. ValuEngine raised shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Two Rivers Bancorp in a research note on Tuesday, January 29th.

A number of large investors have recently modified their holdings of TRCB. Bank of America Corp DE grew its stake in Two Rivers Bancorp by 32.8% during the second quarter. Bank of America Corp DE now owns 25,052 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 6,185 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Two Rivers Bancorp during the third quarter valued at approximately $331,000. Dimensional Fund Advisors LP lifted its position in Two Rivers Bancorp by 35.2% during the third quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 28,749 shares during the last quarter. Maltese Capital Management LLC lifted its position in Two Rivers Bancorp by 286.9% during the third quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 166,846 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in Two Rivers Bancorp by 0.4% during the third quarter. Vanguard Group Inc now owns 236,637 shares of the financial services provider’s stock valued at $4,103,000 after purchasing an additional 900 shares during the last quarter. 22.99% of the stock is owned by institutional investors.

NASDAQ:TRCB traded down $0.02 during mid-day trading on Friday, hitting $15.85. 4,700 shares of the stock traded hands, compared to its average volume of 6,647. The stock has a market cap of $137.95 million, a P/E ratio of 12.10 and a beta of 0.44. Two Rivers Bancorp has a 12-month low of $11.54 and a 12-month high of $19.90. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.28.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $10.62 million during the quarter, compared to analysts’ expectations of $10.64 million. Two Rivers Bancorp had a net margin of 22.40% and a return on equity of 10.07%. On average, equities analysts forecast that Two Rivers Bancorp will post 1.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 6th were paid 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 1.39%. Two Rivers Bancorp’s dividend payout ratio is currently 16.79%.

About Two Rivers Bancorp

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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