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

TRCB has been the subject of a number of recent research reports. Boenning Scattergood cut Two Rivers Bancorp from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Monday, August 12th. Zacks Investment Research downgraded Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, ValuEngine raised Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Two Rivers Bancorp in the 3rd quarter valued at approximately $38,000. Vanguard Group Inc. increased its stake in Two Rivers Bancorp by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 239,578 shares of the financial services provider’s stock valued at $3,441,000 after purchasing an additional 600 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Two Rivers Bancorp by 270.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,446 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,785 shares in the last quarter. BlackRock Inc. increased its stake in Two Rivers Bancorp by 14.5% in the 2nd quarter. BlackRock Inc. now owns 40,110 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 5,084 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Two Rivers Bancorp by 26.8% in the 2nd quarter. Renaissance Technologies LLC now owns 99,387 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 21,000 shares in the last quarter. 24.35% of the stock is owned by hedge funds and other institutional investors.

Shares of TRCB stock traded up $0.05 during trading hours on Friday, reaching $21.05. 1,800 shares of the company’s stock were exchanged, compared to its average volume of 16,306. The company has a market cap of $184.77 million, a P/E ratio of 16.07 and a beta of 0.29. The company’s 50 day moving average is $20.78 and its two-hundred day moving average is $17.26. Two Rivers Bancorp has a 1 year low of $11.54 and a 1 year high of $21.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.03.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 5th. Two Rivers Bancorp’s dividend payout ratio (DPR) is 21.37%.

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.

Recommended Story: Monthly Dividend Stocks Can Provide Solid Income

Receive News & Ratings for Two Rivers Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Rivers Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.