Insider Buying: Frank J. Patock, Jr. Buys 2,000 Shares of Two Rivers Bancorp Stock (TRCB)
Two Rivers Bancorp (NASDAQ:TRCB) Director Frank J. Patock, Jr. acquired 2,000 shares of Two Rivers Bancorp stock on the open market in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $8.23 per share, with a total value of $16,460.00. Following the purchase, the director now directly owns 94,524 shares in the company, valued at approximately $777,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Two Rivers Bancorp (NASDAQ:TRCB) traded up 0.85% during mid-day trading on Monday, hitting $8.29. 12,457 shares of the company’s stock traded hands. Two Rivers Bancorp has a one year low of $6.90 and a one year high of $8.94. The stock’s 50-day moving average is $8.51 and its 200-day moving average is $8.13. The company has a market cap of $65.7 million and a P/E ratio of 12.27.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders 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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