Two Rivers Bancorp (NASDAQ:TRCB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Two River Bancorp is a state-chartered commercial bank. It engaged in the business of commercial and retail banking. The company offers checking accounts, savings accounts, commercial loans, SBA lending, safe deposit boxes, night depository, wire transfers, money orders, traveler’s checks, automated teller machines, direct deposit, telephone and internet banking. Two River Bancorp, formerly known as Community Partners Bancorp, is headquartered in Tinton Falls, NJ. “
Other research analysts also recently issued research reports about the company. ValuEngine downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Boenning Scattergood restated a “hold” rating on shares of Two Rivers Bancorp in a research note on Friday, November 16th.
Shares of NASDAQ TRCB opened at $16.17 on Friday. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $19.90. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $138.88 million, a price-to-earnings ratio of 12.34 and a beta of 0.47.
Two Rivers Bancorp (NASDAQ:TRCB) last issued its earnings results on Tuesday, January 29th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Two Rivers Bancorp had a return on equity of 10.18% and a net margin of 22.40%. The business had revenue of $10.62 million during the quarter, compared to the consensus estimate of $10.64 million. On average, equities analysts forecast that Two Rivers Bancorp will post 1.33 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Two Rivers Bancorp during the 3rd quarter valued at about $158,000. Dimensional Fund Advisors LP boosted its position in shares of Two Rivers Bancorp by 53.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 81,707 shares of the financial services provider’s stock valued at $1,563,000 after acquiring an additional 28,456 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Two Rivers Bancorp by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 25,052 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 6,185 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Two Rivers Bancorp by 13.0% during the 3rd quarter. Acadian Asset Management LLC now owns 28,066 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 3,234 shares during the last quarter. Finally, Maltese Capital Management LLC boosted its position in shares of Two Rivers Bancorp by 286.9% during the 3rd quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock valued at $3,902,000 after acquiring an additional 166,846 shares during the last quarter. Hedge funds and other institutional investors own 22.52% of the company’s stock.
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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