Two Rivers Bancorp (TRCB) Given $19.00 Consensus Target Price by Analysts

Two Rivers Bancorp (NASDAQ:TRCB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation. Two Rivers Bancorp’s rating score has improved by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a one year consensus price target of $19.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Two Rivers Bancorp an industry rank of 185 out of 256 based on the ratings given to its competitors.

A number of research firms have commented on TRCB. Zacks Investment Research lowered Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. FIG Partners reissued an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th. Finally, Boenning Scattergood raised Two Rivers Bancorp from a “neutral” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Wednesday, April 24th.

Large investors have recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in shares of Two Rivers Bancorp in the 1st quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new position in Two Rivers Bancorp in the 1st quarter worth $28,000. Advisor Group Inc. raised its holdings in Two Rivers Bancorp by 521.6% in the 4th 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 period. ExodusPoint Capital Management LP bought a new position in Two Rivers Bancorp in the 1st quarter worth $199,000. Finally, Context BH Capital Management LP bought a new position in Two Rivers Bancorp in the 1st quarter worth $333,000. 25.05% of the stock is owned by hedge funds and other institutional investors.

TRCB traded up $0.08 during midday trading on Tuesday, reaching $14.80. 114 shares of the company’s stock traded hands, compared to its average volume of 10,054. The firm has a market capitalization of $127.61 million, a price-to-earnings ratio of 11.31 and a beta of 0.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 1.03. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $19.90.

Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $10.50 million during the quarter, compared to analyst estimates of $10.53 million. Two Rivers Bancorp had a return on equity of 9.94% and a net margin of 21.98%. As a group, sell-side analysts expect that Two Rivers Bancorp will post 1.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 10th will be given a $0.07 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.28 annualized dividend and a dividend yield of 1.89%. This is a positive change from Two Rivers Bancorp’s previous quarterly dividend of $0.06. Two Rivers Bancorp’s dividend payout ratio is currently 21.37%.

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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