Equities research analysts predict that Two Rivers Bancorp (NASDAQ:TRCB) will announce earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Two Rivers Bancorp’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.32. Two Rivers Bancorp posted earnings of $0.31 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 18th.
According to Zacks, analysts expect that Two Rivers Bancorp will report full-year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.34. For the next year, analysts forecast that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.41 to $1.47. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Two Rivers Bancorp.
Two Rivers Bancorp (NASDAQ:TRCB) last released its earnings results on Tuesday, January 29th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.62 million for the quarter, compared to the consensus estimate of $10.64 million.
TRCB has been the topic of several recent research reports. ValuEngine downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Zacks Investment Research downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Two Rivers Bancorp in a report on Tuesday, January 29th.
NASDAQ:TRCB traded down $0.04 during trading hours on Wednesday, reaching $16.17. 17,385 shares of the stock were exchanged, compared to its average volume of 7,493. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $19.90. The company has a market cap of $138.89 million, a PE ratio of 12.34 and a beta of 0.47.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 6th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, February 5th. Two Rivers Bancorp’s dividend payout ratio (DPR) is 16.79%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Two Rivers Bancorp by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 121,984 shares of the financial services provider’s stock valued at $1,860,000 after acquiring an additional 11,528 shares in the last quarter. Advisor Group Inc. raised its stake in Two Rivers Bancorp by 521.6% during the 4th quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,643 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Two Rivers Bancorp by 2.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 61,282 shares of the financial services provider’s stock valued at $935,000 after acquiring an additional 1,525 shares in the last quarter. BlackRock Inc. raised its stake in Two Rivers Bancorp by 15.1% during the 4th quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 4,793 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Two Rivers Bancorp by 6.8% during the 4th quarter. Acadian Asset Management LLC now owns 29,973 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 1,907 shares in the last quarter. 22.84% of the stock is currently owned by institutional investors and hedge funds.
Two Rivers Bancorp Company Profile
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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