Two Rivers Bancorp (NASDAQ:TRCB) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.
Separately, Zacks Investment Research downgraded shares of Two Rivers Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 27th.
Shares of NASDAQ:TRCB traded down $0.02 on Tuesday, reaching $15.15. 1,714 shares of the company traded hands, compared to its average volume of 8,272. Two Rivers Bancorp has a fifty-two week low of $15.15 and a fifty-two week high of $19.90. The company has a market capitalization of $130.51 million, a PE ratio of 16.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Two Rivers Bancorp had a net margin of 17.59% and a return on equity of 9.56%. The company had revenue of $10.46 million for the quarter, compared to the consensus estimate of $10.50 million. As a group, research analysts forecast that Two Rivers Bancorp will post 1.28 EPS for the current fiscal year.
In other news, CEO William D. Moss bought 2,000 shares of the business’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of $15.95 per share, with a total value of $31,900.00. Following the purchase, the chief executive officer now directly owns 13,122 shares in the company, valued at $209,295.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 6,873 shares of company stock worth $113,520. Company insiders own 16.48% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its stake in shares of Two Rivers Bancorp by 3.5% in the second quarter. Royce & Associates LP now owns 149,600 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 5,000 shares during the last quarter. HPM Partners LLC increased its stake in shares of Two Rivers Bancorp by 3.4% in the second quarter. HPM Partners LLC now owns 130,126 shares of the financial services provider’s stock worth $2,489,000 after acquiring an additional 4,250 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Two Rivers Bancorp in the second quarter worth $1,630,000. Dimensional Fund Advisors LP increased its stake in shares of Two Rivers Bancorp by 53.4% in the second quarter. Dimensional Fund Advisors LP now owns 81,707 shares of the financial services provider’s stock worth $1,563,000 after acquiring an additional 28,456 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Two Rivers Bancorp by 106.1% in the second quarter. Renaissance Technologies LLC now owns 80,902 shares of the financial services provider’s stock worth $1,548,000 after purchasing an additional 41,645 shares in the last quarter. 22.34% 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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