Two Rivers Bancorp (NASDAQ:TRCB) Stock Rating Lowered by Boenning Scattergood

Boenning Scattergood downgraded shares of Two Rivers Bancorp (NASDAQ:TRCB) from an outperform rating to a neutral rating in a research report report published on Monday, FlyOnTheWall reports. The brokerage currently has $18.00 price objective on the financial services provider’s stock.

TRCB has been the subject of a number of other reports. FIG Partners reiterated an outperform rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th. Zacks Investment Research lowered shares of Two Rivers Bancorp from a hold rating to a sell rating in a research report on Tuesday, July 30th. Finally, ValuEngine upgraded shares of Two Rivers Bancorp from a sell rating to a hold rating in a research report on Saturday, August 10th.

Shares of TRCB stock opened at $18.78 on Monday. Two Rivers Bancorp has a 12 month low of $11.54 and a 12 month high of $20.40. The stock has a market cap of $169.99 million, a P/E ratio of 14.34 and a beta of 0.39. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $14.97 and a two-hundred day simple moving average of $15.36.

Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Two Rivers Bancorp had a net margin of 22.19% and a return on equity of 10.05%. The business had revenue of $10.66 million during the quarter, compared to analysts’ expectations of $11.08 million. As a group, equities analysts forecast that Two Rivers Bancorp will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. Two Rivers Bancorp’s payout ratio is currently 21.37%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Two Rivers Bancorp by 0.3% in the second quarter. Vanguard Group Inc. now owns 239,578 shares of the financial services provider’s stock valued at $3,441,000 after buying an additional 600 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Two Rivers Bancorp by 270.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,446 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,785 shares in the last quarter. BlackRock Inc. increased its position in 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 purchasing an additional 5,084 shares in the last quarter. Renaissance Technologies LLC increased its position in 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 purchasing an additional 21,000 shares in the last quarter. Finally, Context BH Capital Management LP increased its position in 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 purchasing an additional 3,941 shares in the last quarter. Institutional investors and hedge funds own 24.41% of the company’s stock.

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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