Two Rivers Bancorp (TRCB) Director Acquires $18,468.00 in Stock

Two Rivers Bancorp (NASDAQ:TRCB) Director Charles F. Butrico, Jr. bought 1,200 shares of Two Rivers Bancorp stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $15.39 per share, with a total value of $18,468.00. Following the completion of the transaction, the director now directly owns 6,830 shares of the company’s stock, valued at $105,113.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Two Rivers Bancorp stock opened at $15.21 on Friday. Two Rivers Bancorp has a 12-month low of $11.54 and a 12-month high of $19.90. The stock has a market cap of $131.75 million, a P/E ratio of 11.61 and a beta of 0.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 10.05%. The firm had revenue of $10.50 million during the quarter, compared to analysts’ expectations of $10.53 million. As a group, equities research analysts predict that Two Rivers Bancorp will post 1.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Friday, May 10th will be given a dividend of $0.07 per share. This is a boost from Two Rivers Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 9th. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 16.79%.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased 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 worth $30,000 after purchasing an additional 1,643 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of 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 acquiring an additional 1,907 shares during the last quarter. BlackRock Inc. increased its position in shares of 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 acquiring an additional 4,793 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of 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 acquiring an additional 1,525 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 28,749 shares during the last quarter. Hedge funds and other institutional investors own 22.96% of the company’s stock.

Several research firms recently issued reports on TRCB. Zacks Investment Research upgraded shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Boenning Scattergood upgraded shares of Two Rivers Bancorp from a “neutral” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Wednesday, April 24th. FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th. Finally, ValuEngine cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th.

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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.

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Insider Buying and Selling by Quarter for Two Rivers Bancorp (NASDAQ:TRCB)

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