Media stories about Two Rivers Bancorp (NASDAQ:TRCB) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Two Rivers Bancorp earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.8411036141414 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Two Rivers Bancorp (NASDAQ TRCB) traded up $0.37 during trading on Wednesday, reaching $18.10. 2,948 shares of the company traded hands, compared to its average volume of 9,597. The stock has a market cap of $151.02, a price-to-earnings ratio of 18.97 and a beta of 0.53. Two Rivers Bancorp has a one year low of $15.71 and a one year high of $20.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38.
Two Rivers Bancorp (NASDAQ:TRCB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $9.87 million during the quarter, compared to analysts’ expectations of $9.71 million. Two Rivers Bancorp had a return on equity of 7.79% and a net margin of 14.88%. analysts predict that Two Rivers Bancorp will post 1.27 EPS for the current fiscal year.
Two Rivers Bancorp announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to repurchase $2.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Several research firms have recently commented on TRCB. FIG Partners reaffirmed an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Two Rivers Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Saturday, December 30th. Finally, ValuEngine lowered shares of Two Rivers Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
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About Two Rivers 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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