Two River Bancorp (TRCB) Getting Somewhat Positive Media Coverage, Analysis Shows
Media headlines about Two River Bancorp (NASDAQ:TRCB) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Two River Bancorp earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.8269924524661 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, Zacks Investment Research upgraded shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, August 23rd.
Two River Bancorp (NASDAQ:TRCB) traded up $0.02 during trading hours on Wednesday, hitting $18.40. 6,700 shares of the company’s stock traded hands, compared to its average volume of 21,360. Two River Bancorp has a 12-month low of $13.26 and a 12-month high of $20.75. The firm has a market capitalization of $154.17, a P/E ratio of 18.49 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 8th will be paid a $0.045 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.18 annualized dividend and a dividend yield of 0.98%. Two River Bancorp’s dividend payout ratio (DPR) is presently 17.90%.
In related news, Director Robert E. Gregory sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. Following the transaction, the director now directly owns 181,035 shares in the company, valued at $3,528,372.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.48% of the company’s stock.
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About Two River Bancorp
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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