Zacks: Analysts Expect Two Rivers Bancorp (TRCB) Will Post Earnings of $0.33 Per Share
Equities research analysts predict that Two Rivers Bancorp (NASDAQ:TRCB) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Two Rivers Bancorp’s earnings. Two Rivers Bancorp reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.
On average, analysts expect that Two Rivers Bancorp will report full-year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.35. For the next financial year, analysts forecast that the business will post earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Two Rivers Bancorp.
Two Rivers Bancorp (NASDAQ:TRCB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 10.05%. The business had revenue of $10.50 million for the quarter, compared to the consensus estimate of $10.53 million.
Shares of TRCB opened at $14.98 on Thursday. Two Rivers Bancorp has a twelve month low of $11.54 and a twelve month high of $19.90. The firm has a market capitalization of $130.05 million, a PE ratio of 11.44 and a beta of 0.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.28.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 10th will be paid a $0.07 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.28 annualized dividend and a dividend yield of 1.87%. This is an increase from Two Rivers Bancorp’s previous quarterly dividend of $0.06. Two Rivers Bancorp’s dividend payout ratio is currently 21.37%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in Two Rivers Bancorp by 6.8% in the 4th quarter. Acadian Asset Management LLC now owns 29,973 shares of the financial services provider’s stock worth $458,000 after buying an additional 1,907 shares during the period. Dimensional Fund Advisors LP increased its stake in Two Rivers Bancorp by 35.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 110,456 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 28,749 shares during the period. Cerity Partners LLC increased its stake in Two Rivers Bancorp by 4.1% in the 4th quarter. Cerity Partners LLC now owns 128,126 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 5,000 shares during the period. Vanguard Group Inc increased its stake in Two Rivers Bancorp by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 236,637 shares of the financial services provider’s stock worth $4,103,000 after buying an additional 900 shares during the period. Finally, Advisor Group Inc. increased its stake in Two Rivers Bancorp by 521.6% in the 4th quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,643 shares during the period. 22.98% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also: Initial Public Offering (IPO)
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