Equities analysts expect that Two Rivers Bancorp (NASDAQ:TRCB) will post sales of $10.64 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Two Rivers Bancorp’s earnings. The lowest sales estimate is $10.58 million and the highest is $10.70 million. Two Rivers Bancorp reported sales of $9.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The business is scheduled to issue its next earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that Two Rivers Bancorp will report full year sales of $41.66 million for the current financial year, with estimates ranging from $41.61 million to $41.70 million. For the next financial year, analysts anticipate that the business will post sales of $44.10 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Two Rivers Bancorp.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $10.46 million for the quarter, compared to analyst estimates of $10.50 million. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.45%.
A number of brokerages have recently issued reports on TRCB. Zacks Investment Research lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. ValuEngine lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a research report on Friday, November 16th.
In other Two Rivers Bancorp news, Director Charles F. Butrico, Jr. bought 2,000 shares of the stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $15.81 per share, for a total transaction of $31,620.00. Following the completion of the transaction, the director now owns 6,830 shares in the company, valued at approximately $107,982.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 6,000 shares of company stock worth $93,870. Insiders own 16.48% of the company’s stock.
Large investors have recently bought and sold shares of the stock. LMR Partners LLP purchased a new position in Two Rivers Bancorp in the 2nd quarter valued at $380,000. Paloma Partners Management Co purchased a new position in Two Rivers Bancorp in the 2nd quarter valued at $671,000. Maltese Capital Management LLC grew its position in Two Rivers Bancorp by 103.3% in the 2nd quarter. Maltese Capital Management LLC now owns 58,154 shares of the financial services provider’s stock valued at $1,112,000 after buying an additional 29,544 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Two Rivers Bancorp in the 3rd quarter valued at $158,000. Finally, Acadian Asset Management LLC grew its position in Two Rivers Bancorp by 13.0% in the 3rd quarter. Acadian Asset Management LLC now owns 28,066 shares of the financial services provider’s stock valued at $486,000 after buying an additional 3,234 shares during the last quarter. Hedge funds and other institutional investors own 22.65% of the company’s stock.
Shares of TRCB opened at $15.25 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $129.70 million, a PE ratio of 16.22 and a beta of 0.50. Two Rivers Bancorp has a 12-month low of $15.00 and a 12-month high of $19.90.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.44%. Two Rivers Bancorp’s dividend payout ratio (DPR) is presently 23.40%.
About Two Rivers Bancorp
Two River Bancorp operates as the bank holding company for Two River Community Bank that provides a range of banking services to small and medium-sized businesses, not-for-profit organizations, professionals, and individuals. The company offers deposit products, including checking, savings, and money market accounts, as well as certificates of deposit.
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