Two Rivers Bancorp (NASDAQ:TRCB) Short Interest Up 130.0% in June

Two Rivers Bancorp (NASDAQ:TRCB) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 6,900 shares, a growth of 130.0% from the May 30th total of 3,000 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

A number of brokerages recently weighed in on TRCB. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. FIG Partners reissued an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, April 24th. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 24th.

NASDAQ:TRCB opened at $14.42 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30. Two Rivers Bancorp has a fifty-two week low of $11.54 and a fifty-two week high of $19.83. The firm’s 50-day simple moving average is $14.53. The stock has a market cap of $126.59 million, a PE ratio of 11.01 and a beta of 0.38.

Two Rivers Bancorp (NASDAQ:TRCB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $10.53 million. Sell-side analysts forecast that Two Rivers Bancorp will post 1.35 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Context BH Capital Management LP acquired a new stake in shares of Two Rivers Bancorp during the first quarter worth approximately $333,000. Acadian Asset Management LLC grew its position in shares of Two Rivers Bancorp by 10.2% during the first quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock worth $523,000 after buying an additional 3,046 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 buying an additional 11,528 shares in the last quarter. Advisor Group Inc. grew its position 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 buying an additional 1,643 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew 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 worth $935,000 after buying an additional 1,525 shares in the last quarter. 25.05% of the stock is currently owned by institutional investors.

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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