$11.01 Million in Sales Expected for Two Rivers Bancorp (NASDAQ:TRCB) This Quarter

Equities analysts expect Two Rivers Bancorp (NASDAQ:TRCB) to report sales of $11.01 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Two Rivers Bancorp’s earnings, with estimates ranging from $10.80 million to $11.22 million. Two Rivers Bancorp posted sales of $10.46 million during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 22nd.

On average, analysts expect that Two Rivers Bancorp will report full year sales of $43.36 million for the current year, with estimates ranging from $42.80 million to $43.92 million. For the next year, analysts expect that the company will post sales of $46.69 million, with estimates ranging from $45.30 million to $48.07 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Two Rivers Bancorp.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $10.66 million during the quarter, compared to analysts’ expectations of $11.08 million. Two Rivers Bancorp had a return on equity of 10.05% and a net margin of 22.19%.

A number of research firms have weighed in on TRCB. Boenning Scattergood reaffirmed a “buy” rating and set a $18.00 price objective on shares of Two Rivers Bancorp in a research report on Wednesday, July 24th. Zacks Investment Research cut Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th.

Two Rivers Bancorp stock traded down $0.14 during mid-day trading on Thursday, reaching $14.07. 10,054 shares of the company were exchanged, compared to its average volume of 9,104. Two Rivers Bancorp has a twelve month low of $11.54 and a twelve month high of $18.70. The stock has a 50-day moving average price of $14.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $122.41 million, a price-to-earnings ratio of 10.74 and a beta of 0.38.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.99%. Two Rivers Bancorp’s payout ratio is 21.37%.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Two Rivers Bancorp by 15.1% in the fourth quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after buying an additional 4,793 shares in the last quarter. Advisor Group Inc. increased its position in shares of Two Rivers Bancorp by 521.6% in the fourth quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,643 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Two Rivers Bancorp by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 121,984 shares of the financial services provider’s stock valued at $1,860,000 after buying an additional 11,528 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Two Rivers Bancorp by 10.2% in the first quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock valued at $523,000 after buying an additional 3,046 shares in the last quarter. Finally, Context BH Capital Management LP purchased a new stake in shares of Two Rivers Bancorp in the first quarter valued at approximately $333,000. 25.05% of the stock is owned by institutional investors.

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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