Two River Bancorp (TRCB) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “Two River Bancorp is a state-chartered commercial bank. It engaged in the business of commercial and retail banking. The company offers checking accounts, savings accounts, commercial loans, SBA lending, safe deposit boxes, night depository, wire transfers, money orders, traveler’s checks, automated teller machines, direct deposit, telephone and internet banking. Two River Bancorp, formerly known as Community Partners Bancorp, is headquartered in Tinton Falls, NJ. “
Shares of Two River Bancorp (NASDAQ:TRCB) traded up 1.78% on Wednesday, reaching $11.75. The company’s stock had a trading volume of 416 shares. The firm has a 50 day moving average of $11.55 and a 200 day moving average of $10.63. Two River Bancorp has a 52-week low of $8.75 and a 52-week high of $11.91. The company has a market cap of $93.18 million, a PE ratio of 13.82 and a beta of 0.35.
Two River Bancorp (NASDAQ:TRCB) last issued its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Two River Bancorp had a return on equity of 7.31% and a net margin of 18.41%. Analysts predict that Two River Bancorp will post $0.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Friday, August 12th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, August 10th. Two River Bancorp’s dividend payout ratio (DPR) is currently 19.05%.
In related news, Director Joseph Fx Osullivan purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average cost of $11.39 per share, for a total transaction of $28,475.00. Following the completion of the purchase, the director now owns 75,019 shares in the company, valued at approximately $854,466.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.79% of the stock is owned by corporate insiders.
Two River Bancorp Company Profile
Two River Bancorp is a holding company for Two River Community Bank (the Bank). Two River Community Bank is a state-chartered community bank that offers a range of banking services, including demand, savings and time deposits and commercial, residential 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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