News coverage about Two River Bancorp (NASDAQ:TRCB) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Two River Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2656107906925 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Heritage Commerce Corp (HTBK) vs. Two River Bancorp (TRCB) Financial Comparison (americanbankingnews.com)
- Two River Bancorp :TRCB-US: Earnings Analysis: Q2, 2017 By the Numbers : September 15, 2017 (finance.yahoo.com)
- Two River Bancorp (TRCB) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Two River Bancorp : TRCB-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 12, 2017 (finance.yahoo.com)
- Two River Bancorp (TRCB) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
Separately, Zacks Investment Research raised shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, August 29th.
Shares of Two River Bancorp (TRCB) opened at 18.56 on Wednesday. Two River Bancorp has a one year low of $10.81 and a one year high of $18.96. The firm has a 50 day moving average of $18.02 and a 200 day moving average of $17.81. The stock has a market cap of $155.66 million, a P/E ratio of 17.53 and a beta of 0.62.
Two River Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $9.50 million during the quarter, compared to analyst estimates of $9.12 million. Two River Bancorp had a return on equity of 8.86% and a net margin of 21.67%. On average, equities research analysts predict that Two River Bancorp will post $0.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Friday, August 11th were given a dividend of $0.045 per share. This is a positive change from Two River Bancorp’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, August 9th. Two River Bancorp’s payout ratio is presently 16.98%.
In related news, Director Andrew A. Vitale bought 2,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $18.21 per share, for a total transaction of $36,420.00. Following the transaction, the director now owns 19,391 shares of the company’s stock, valued at $353,110.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.48% of the stock is currently owned by insiders.
Two River Bancorp Company Profile
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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