Zacks: Analysts Set $20.00 Target Price for Two Rivers Bancorp (TRCB)

Shares of Two Rivers Bancorp (NASDAQ:TRCB) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Two Rivers Bancorp’s rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price objective of $20.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Two Rivers Bancorp an industry rank of 167 out of 256 based on the ratings given to related companies.

TRCB has been the subject of several recent research reports. Boenning Scattergood reiterated a “hold” rating on shares of Two Rivers Bancorp in a report on Friday, November 16th. ValuEngine upgraded Two Rivers Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 27th.

NASDAQ TRCB opened at $16.04 on Friday. The company has a market cap of $133.39 million, a PE ratio of 17.06 and a beta of 0.43. Two Rivers Bancorp has a 52 week low of $11.54 and a 52 week high of $19.90. 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 (NASDAQ:TRCB) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Two Rivers Bancorp had a return on equity of 9.45% and a net margin of 17.59%. The business had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.50 million. On average, equities analysts anticipate that Two Rivers Bancorp will post 1.27 earnings per share for the current fiscal year.

In other news, CEO William D. Moss purchased 2,000 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were purchased at an average price of $15.95 per share, with a total value of $31,900.00. Following the transaction, the chief executive officer now directly owns 13,122 shares of the company’s stock, valued at $209,295.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 6,000 shares of company stock worth $93,870 in the last ninety days. Insiders own 16.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TRCB. Maltese Capital Management LLC lifted its position in shares of Two Rivers Bancorp by 286.9% during the 3rd quarter. Maltese Capital Management LLC now owns 225,000 shares of the financial services provider’s stock valued at $3,902,000 after buying an additional 166,846 shares during the last quarter. Millennium Management LLC purchased a new stake in Two Rivers Bancorp during the 2nd quarter worth about $1,630,000. Renaissance Technologies LLC lifted its holdings in Two Rivers Bancorp by 106.1% during the 2nd 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. Paloma Partners Management Co purchased a new stake in Two Rivers Bancorp during the 2nd quarter worth about $671,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Two Rivers Bancorp by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 28,749 shares in the last quarter. 22.65% of the stock is currently owned by hedge funds and other institutional investors.

About Two Rivers Bancorp

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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