Two River Bancorp (TRCB) Announces Earnings Results, Beats Expectations By $0.02 EPS
Two River Bancorp (NASDAQ:TRCB) posted its earnings results on Tuesday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02, MarketWatch Earnings reports. Two River Bancorp had a return on equity of 8.86% and a net margin of 21.67%.
Two River Bancorp (NASDAQ TRCB) traded down 0.8893% during midday trading on Tuesday, reaching $19.9708. The company had a trading volume of 6,710 shares. The company has a market capitalization of $167.50 million, a P/E ratio of 18.8582 and a beta of 0.64. The company’s 50 day moving average is $19.03 and its 200-day moving average is $18.13. Two River Bancorp has a 52-week low of $11.13 and a 52-week high of $20.45.
In other news, Director Andrew A. Vitale acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $18.21 per share, with a total value of $36,420.00. Following the purchase, the director now owns 19,391 shares of the company’s stock, valued at approximately $353,110.11. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.48% of the company’s stock.
An institutional investor recently bought a new position in Two River Bancorp stock. California State Teachers Retirement System bought a new stake in shares of Two River Bancorp (NASDAQ:TRCB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,800 shares of the financial services provider’s stock, valued at approximately $238,000. California State Teachers Retirement System owned 0.15% of Two River Bancorp as of its most recent SEC filing. 23.07% of the stock is owned by institutional investors and hedge funds.
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Separately, Zacks Investment Research lowered Two River Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th.
About Two River Bancorp
Two River Bancorp is the holding company for Two River Community Bank (the Bank). The Company acts as an independent community financial services provider. The Company’s segment is community banking operations. The Bank is a state-chartered commercial bank. The Bank offers a range of banking services, including demand, savings and time deposits, and commercial loans, residential loans and consumer/installment loans to small and medium-sized businesses, not-for-profit organizations, professionals and individuals primarily in Monmouth, Middlesex and Union Counties, New Jersey.
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