Insider Buying: A Richard Abrahamian Purchases 1,000 Shares of Two Rivers Bancorp Stock (TRCB)
Two Rivers Bancorp (NASDAQ:TRCB) CFO A Richard Abrahamian acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $8.18 per share, for a total transaction of $8,180.00. Following the completion of the transaction, the chief financial officer now directly owns 11,739 shares in the company, valued at approximately $96,025. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Two Rivers Bancorp (NASDAQ:TRCB) opened at 8.215 on Friday. Two Rivers Bancorp has a 1-year low of $6.90 and a 1-year high of $8.94. The stock has a 50-day moving average of $8.51 and a 200-day moving average of $8.13. The company has a market cap of $65.1 million and a P/E ratio of 12.12.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, August 6th.
Two River Bancorp, formerly Community Partners Bancorp, is a bank holding company. The Company’s wholly owned banking subsidiaries are The Town Bank (NASDAQ:TRCB) and Two River Community Bank (Two River).
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