Wall Street analysts expect that Two Rivers Bancorp (NASDAQ:TRCB) will report sales of $11.17 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Two Rivers Bancorp’s earnings, with estimates ranging from $10.80 million to $11.53 million. Two Rivers Bancorp posted sales of $10.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that Two Rivers Bancorp will report full-year sales of $43.36 million for the current fiscal year, with estimates ranging from $42.80 million to $43.92 million. For the next fiscal year, analysts expect that the company will report sales of $46.69 million, with estimates ranging from $45.30 million to $48.07 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Two Rivers Bancorp.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.10). Two Rivers Bancorp had a net margin of 20.47% and a return on equity of 9.97%. The business had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $11.01 million.
TRCB traded down $0.11 during trading on Monday, reaching $21.68. The company’s stock had a trading volume of 5,738 shares, compared to its average volume of 8,818. Two Rivers Bancorp has a 52-week low of $11.54 and a 52-week high of $21.99. The company’s fifty day moving average price is $21.20 and its 200-day moving average price is $18.16. The company has a market capitalization of $186.96 million, a price-to-earnings ratio of 16.55 and a beta of 0.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 6th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Tuesday, November 5th. Two Rivers Bancorp’s dividend payout ratio is presently 21.37%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Two Rivers Bancorp by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 239,578 shares of the financial services provider’s stock valued at $3,441,000 after purchasing an additional 600 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Two Rivers Bancorp by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 99,387 shares of the financial services provider’s stock worth $1,427,000 after acquiring an additional 21,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Two Rivers Bancorp by 44.8% during the 2nd quarter. Acadian Asset Management LLC now owns 47,814 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 14,795 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Two Rivers Bancorp by 14.5% during the 2nd quarter. BlackRock Inc. now owns 40,110 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 5,084 shares in the last quarter. Finally, Context BH Capital Management LP boosted its stake in shares of Two Rivers Bancorp by 18.7% during the 2nd quarter. Context BH Capital Management LP now owns 24,981 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 3,941 shares in the last quarter. 28.29% of the stock is currently owned by institutional investors.
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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