Two River Bancorp (TRCB) Scheduled to Post Quarterly Earnings on Tuesday

Two River Bancorp (NASDAQ:TRCB) is scheduled to announce its earnings results on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Two River Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Two River Bancorp had a return on equity of 8.29% and a net margin of 20.45%. The company had revenue of $9.87 million during the quarter, compared to analyst estimates of $9.62 million. On average, analysts expect Two River Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Two River Bancorp (NASDAQ:TRCB) opened at $18.25 on Tuesday. Two River Bancorp has a 52 week low of $14.26 and a 52 week high of $20.75. The company has a market capitalization of $154.34, a price-to-earnings ratio of 18.15 and a beta of 0.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38.

Two River Bancorp announced that its Board of Directors has approved a share repurchase program on Thursday, December 14th that allows the company to repurchase $2.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of analysts recently commented on TRCB shares. Zacks Investment Research raised Two River Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, September 19th. ValuEngine lowered Two River Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.

In related news, Director Robert E. Gregory sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $19.49, for a total value of $194,900.00. Following the completion of the sale, the director now owns 181,035 shares of the company’s stock, valued at $3,528,372.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.48% of the company’s stock.

A hedge fund recently bought a new stake in Two River Bancorp stock. State Street Corp acquired a new stake in shares of Two River Bancorp (NASDAQ:TRCB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,597 shares of the financial services provider’s stock, valued at approximately $1,292,000. State Street Corp owned 0.83% of Two River Bancorp at the end of the most recent quarter. 23.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History for Two River Bancorp (NASDAQ:TRCB)

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