Boenning Scattergood lowered shares of Two Rivers Bancorp (NASDAQ:TRCB) from an outperform rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.
TRCB has been the topic of several other research reports. ValuEngine upgraded shares of Two Rivers Bancorp from a sell rating to a hold rating in a research note on Saturday. FIG Partners reissued an outperform rating on shares of Two Rivers Bancorp in a report on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of Two Rivers Bancorp from a hold rating to a sell rating in a report on Tuesday, July 30th.
TRCB traded up $0.05 during midday trading on Monday, hitting $19.61. 470 shares of the company traded hands, compared to its average volume of 50,113. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.30. The firm has a market cap of $177.29 million, a price-to-earnings ratio of 14.90 and a beta of 0.39. The firm has a 50-day moving average of $14.69. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $20.40.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.43%. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 21.37%.
Hedge funds have recently modified their holdings of the company. Context BH Capital Management LP acquired a new position in Two Rivers Bancorp in the first quarter valued at approximately $333,000. Renaissance Technologies LLC increased its position in shares of Two Rivers Bancorp by 26.8% during the second quarter. Renaissance Technologies LLC now owns 99,387 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 21,000 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Two Rivers Bancorp by 44.8% during the second quarter. Acadian Asset Management LLC now owns 47,814 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 14,795 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Two Rivers Bancorp by 10.4% in the 4th 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. Finally, BlackRock Inc. grew its holdings in Two Rivers Bancorp by 15.1% in the 4th 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. Institutional investors and hedge funds own 24.41% of the company’s stock.
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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