Trade Report: The Two River Bancorp (TRCB) to Post FY2016 Earnings of $0.97 Per Share, FIG Partners Forecasts

The Two River Bancorp (TRCB) to Post FY2016 Earnings of $0.97 Per Share, FIG Partners Forecasts

Two River Bancorp (NASDAQ:TRCB) – Investment analysts at FIG Partners upped their FY2016 earnings per share estimates for shares of Two River Bancorp in a report issued on Wednesday. FIG Partners analyst D. Bishop now forecasts that the firm will post earnings per share of $0.97 for the year, up from their previous estimate of $0.87. FIG Partners also issued estimates for Two River Bancorp’s Q4 2016 earnings at $0.22 EPS.

Two River Bancorp (NASDAQ:TRCB) last announced its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Two River Bancorp had a return on equity of 8.26% and a net margin of 20.05%.

Separately, Zacks Investment Research cut Two River Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.

Shares of Two River Bancorp (NASDAQ:TRCB) opened at 11.89 on Monday. Two River Bancorp has a one year low of $8.75 and a one year high of $11.95. The company’s 50-day moving average price is $11.66 and its 200 day moving average price is $10.97. The company has a market cap of $94.29 million, a P/E ratio of 13.99 and a beta of 0.31.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 9th will be paid a $0.04 dividend. The ex-dividend date is Monday, November 7th. This represents a $0.16 annualized dividend and a yield of 1.35%. This is a boost from Two River Bancorp’s previous quarterly dividend of $0.04. Two River Bancorp’s dividend payout ratio is 16.67%.

In related news, Director Joseph Fx Osullivan bought 2,500 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $11.39 per share, with a total value of $28,475.00. Following the transaction, the director now owns 75,019 shares of the company’s stock, valued at $854,466.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.79% of the stock is owned by corporate insiders.

Two River Bancorp Company Profile

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