Two Rivers Bancorp (NASDAQ:TRCB) Sees Large Increase in Short Interest

Two Rivers Bancorp (NASDAQ:TRCB) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,400 shares, an increase of 13.3% from the September 30th total of 3,000 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Boenning Scattergood cut shares of Two Rivers Bancorp from an “outperform” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Monday, August 12th. Finally, ValuEngine upgraded shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th.

A number of large investors have recently bought and sold shares of TRCB. Vanguard Group Inc. boosted its stake in shares of Two Rivers Bancorp by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 239,578 shares of the financial services provider’s stock worth $3,441,000 after purchasing an additional 600 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Two Rivers Bancorp by 21.8% during the 2nd quarter. Wells Fargo & Company MN now owns 9,457 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Two Rivers Bancorp by 270.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,446 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,785 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Two Rivers Bancorp during the 3rd quarter worth about $38,000. Finally, Context BH Capital Management LP boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Shares of Two Rivers Bancorp stock opened at $21.15 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a fifty day moving average of $20.78 and a two-hundred day moving average of $17.29. Two Rivers Bancorp has a one year low of $11.54 and a one year high of $21.34. The company has a market cap of $183.64 million, a P/E ratio of 16.15 and a beta of 0.29.

Two Rivers Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.10). Two Rivers Bancorp had a net margin of 20.47% and a return on equity of 9.97%. The business had revenue of $10.35 million for the quarter, compared to analysts’ expectations of $11.01 million. As a group, equities analysts predict that Two Rivers Bancorp will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.28 annualized dividend and a yield of 1.32%. Two Rivers Bancorp’s dividend payout ratio (DPR) is currently 21.37%.

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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