News articles about Two River Bancorp (NASDAQ:TRCB) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Two River Bancorp earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.4555707024789 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, Zacks Investment Research upgraded Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday.
Two River Bancorp (TRCB) opened at 18.37 on Friday. The stock has a 50 day moving average price of $17.95 and a 200 day moving average price of $17.63. Two River Bancorp has a 1-year low of $10.30 and a 1-year high of $18.90. The stock has a market cap of $154.07 million, a PE ratio of 17.35 and a beta of 0.61.
Two River Bancorp (NASDAQ:TRCB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $9.50 million during the quarter, compared to the consensus estimate of $9.12 million. Two River Bancorp had a net margin of 21.67% and a return on equity of 8.86%. On average, analysts predict that Two River Bancorp will post $0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Friday, August 11th will be paid a dividend of $0.045 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Two River Bancorp’s previous quarterly dividend of $0.04. Two River Bancorp’s payout ratio is presently 16.98%.
In other news, Director Andrew A. Vitale bought 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $18.21 per share, for a total transaction of $36,420.00. Following the completion of the purchase, the director now owns 19,391 shares in the company, valued at approximately $353,110.11. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.48% of the company’s stock.
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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.
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