$11.01 Million in Sales Expected for Two Rivers Bancorp (NASDAQ:TRCB) This Quarter
Equities analysts expect that Two Rivers Bancorp (NASDAQ:TRCB) will post sales of $11.01 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Two Rivers Bancorp’s earnings. The lowest sales estimate is $10.80 million and the highest is $11.22 million. Two Rivers Bancorp reported sales of $10.46 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Two Rivers Bancorp will report full year sales of $43.36 million for the current financial year, with estimates ranging from $42.80 million to $43.92 million. For the next financial year, analysts anticipate that the business will post sales of $46.69 million, with estimates ranging from $45.30 million to $48.07 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Two Rivers Bancorp.
Two Rivers Bancorp (NASDAQ:TRCB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Two Rivers Bancorp had a return on equity of 9.95% and a net margin of 22.19%. The firm had revenue of $10.66 million for the quarter, compared to the consensus estimate of $11.08 million.
NASDAQ:TRCB traded up $0.51 on Friday, hitting $20.25. The stock had a trading volume of 11,122 shares, compared to its average volume of 33,451. The business’s 50-day simple moving average is $17.38 and its two-hundred day simple moving average is $15.74. The stock has a market cap of $171.12 million, a price-to-earnings ratio of 15.46 and a beta of 0.30. Two Rivers Bancorp has a 52-week low of $11.54 and a 52-week high of $20.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.29.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 8th. Two Rivers Bancorp’s payout ratio is 21.37%.
Several large investors have recently bought and sold shares of TRCB. Acadian Asset Management LLC increased its stake in shares of Two Rivers Bancorp by 10.2% in the first quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 3,046 shares in the last quarter. Context BH Capital Management LP purchased a new position in shares of Two Rivers Bancorp during the 1st quarter valued at $333,000. Wells Fargo & Company MN boosted its holdings in Two Rivers Bancorp by 21.8% in the 2nd quarter. Wells Fargo & Company MN now owns 9,457 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,695 shares during the period. Renaissance Technologies LLC boosted its holdings 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 worth $1,427,000 after buying an additional 21,000 shares during the period. Finally, 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 worth $576,000 after buying an additional 5,084 shares in the last quarter. Hedge funds and other institutional investors own 24.71% of the company’s stock.
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.
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