A number of firms have modified their ratings and price targets on shares of Two River Bancorp (NASDAQ: TRCB) recently:

  • 9/7/2017 – Two River Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. 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. “
  • 9/6/2017 – Two River Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/29/2017 – Two River Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. 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. “
  • 8/26/2017 – Two River Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/23/2017 – Two River Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. 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. “
  • 7/28/2017 – Two River Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. 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. “

Two River Bancorp (NASDAQ TRCB) traded up 2.82% during mid-day trading on Monday, reaching $18.24. 10,938 shares of the company traded hands. The company has a market capitalization of $152.98 million, a P/E ratio of 17.22 and a beta of 0.62. Two River Bancorp has a 52-week low of $10.30 and a 52-week high of $18.90. The stock has a 50 day moving average price of $17.99 and a 200-day moving average price of $17.76.

Two River Bancorp (NASDAQ:TRCB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $9.12 million. Two River Bancorp had a return on equity of 8.86% and a net margin of 21.67%. Analysts expect that Two River Bancorp will post $0.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Friday, August 11th were given a $0.045 dividend. This is a boost from Two River Bancorp’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, August 9th. Two River Bancorp’s dividend payout ratio (DPR) is 16.98%.

In other news, Director Andrew A. Vitale bought 2,000 shares of Two River Bancorp stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $18.21 per share, with a total value of $36,420.00. Following the completion of the transaction, the director now directly owns 19,391 shares in the company, valued at $353,110.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.48% of the stock is owned by company insiders.

Two River Bancorp is the holding company for Two River Community Bank (the Bank). The Company acts as an independent community financial services provider. The Company’s segment is community banking operations. The Bank is a state-chartered commercial bank. The Bank offers a range of banking services, including demand, savings and time deposits, and commercial loans, residential loans 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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