Brokers Set Expectations for Two River Bancorp’s FY2017 Earnings (TRCB)

Two River Bancorp (NASDAQ:TRCB) – Analysts at FIG Partners lifted their FY2017 earnings estimates for shares of Two River Bancorp in a research report issued on Wednesday. FIG Partners analyst D. Bishop now expects that the financial services provider will post earnings of $0.95 per share for the year, up from their prior forecast of $0.93.

Separately, Zacks Investment Research raised 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 research note on Friday.

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Two River Bancorp (TRCB) opened at 18.35 on Friday. The stock’s 50 day moving average price is $17.95 and its 200 day moving average price is $17.17. The firm has a market capitalization of $153.15 million, a P/E ratio of 18.01 and a beta of 0.62. Two River Bancorp has a 12 month low of $10.30 and a 12 month high of $18.90.

Two River Bancorp (NASDAQ:TRCB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $9.50 million during the quarter, compared to the consensus estimate of $9.12 million. Two River Bancorp had a return on equity of 8.95% and a net margin of 21.67%.

Hedge funds have recently modified their holdings of the company. Spark Investment Management LLC boosted its stake in shares of Two River Bancorp by 55.2% in the second quarter. Spark Investment Management LLC now owns 16,300 shares of the financial services provider’s stock valued at $303,000 after buying an additional 5,800 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Two River Bancorp during the first quarter valued at $265,000. Bank of America Corp DE boosted its stake in shares of Two River Bancorp by 5.0% in the first quarter. Bank of America Corp DE now owns 11,479 shares of the financial services provider’s stock valued at $203,000 after buying an additional 546 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Two River Bancorp during the first quarter valued at $173,000. Finally, Royce & Associates LP purchased a new stake in shares of Two River Bancorp during the first quarter valued at $1,325,000. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.98%. This is a boost from Two River Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, August 9th. Two River Bancorp’s dividend payout ratio is currently 15.09%.

Two River Bancorp Company Profile

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.

Earnings History and Estimates for Two River Bancorp (NASDAQ:TRCB)

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