Analysts Set $19.00 Price Target for Two Rivers Bancorp (NASDAQ:TRCB)

Shares of Two Rivers Bancorp (NASDAQ:TRCB) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating. Two Rivers Bancorp’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.

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

Several research firms have recently weighed in on TRCB. Zacks Investment Research raised Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. FIG Partners reaffirmed 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 price objective for the company in a research report on Wednesday, April 24th.

Shares of Two Rivers Bancorp stock traded up $0.02 during trading hours on Thursday, hitting $14.33. The company’s stock had a trading volume of 9,449 shares, compared to its average volume of 8,178. Two Rivers Bancorp has a 12 month low of $11.54 and a 12 month high of $19.86. The stock has a 50 day simple moving average of $14.72. The company has a market capitalization of $123.97 million, a P/E ratio of 10.94 and a beta of 0.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.30.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Two Rivers Bancorp had a return on equity of 9.94% and a net margin of 21.98%. The company had revenue of $10.50 million during the quarter, compared to the consensus estimate of $10.53 million. As a group, research analysts anticipate that Two Rivers Bancorp will post 1.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Friday, May 10th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Two Rivers Bancorp’s previous quarterly dividend of $0.06. Two Rivers Bancorp’s dividend payout ratio (DPR) is 21.37%.

Several hedge funds and other institutional investors have recently made changes to their positions in TRCB. Acadian Asset Management LLC increased its stake 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 worth $458,000 after purchasing an additional 1,907 shares during the period. BlackRock Inc. increased its stake 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 worth $556,000 after purchasing an additional 4,793 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake 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 worth $935,000 after purchasing an additional 1,525 shares during the period. Advisor Group Inc. increased its stake in shares of 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 period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 worth $1,860,000 after purchasing an additional 11,528 shares during the period. Institutional investors own 25.05% 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.

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