Insider Buying: Frank J. Patock, Jr. Purchases 2,000 Shares of Two Rivers Bancorp Stock (TRCB)
Two Rivers Bancorp (NASDAQ:TRCB) Director Frank J. Patock, Jr. purchased 2,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $8.23 per share, for a total transaction of $16,460.00. Following the acquisition, the director now directly owns 94,524 shares of the company’s stock, valued at approximately $777,933. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Two Rivers Bancorp (NASDAQ:TRCB) opened at 8.36 on Wednesday. Two Rivers Bancorp has a 52 week low of $6.90 and a 52 week high of $8.94. The stock has a 50-day moving average of $8.5 and a 200-day moving average of $8.15. The company has a market cap of $66.2 million and a P/E ratio of 12.42.
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 1.44%. 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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