Two Rivers Bancorp (TRCB) Issues Earnings Results, Beats Expectations By $0.02 EPS

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Two Rivers Bancorp (NASDAQ:TRCB) issued its earnings results on Tuesday, January 29th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02, Bloomberg Earnings reports. Two Rivers Bancorp had a net margin of 22.40% and a return on equity of 10.18%. The company had revenue of $10.62 million during the quarter, compared to analysts’ expectations of $10.64 million.

TRCB stock opened at $16.27 on Thursday. Two Rivers Bancorp has a 12 month low of $11.54 and a 12 month high of $19.90. The company has a market capitalization of $137.95 million, a PE ratio of 12.42 and a beta of 0.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 6th will be given a $0.055 dividend. The ex-dividend date is Tuesday, February 5th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.35%. Two Rivers Bancorp’s dividend payout ratio (DPR) is currently 16.79%.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Two Rivers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Boenning Scattergood reiterated a “hold” rating on shares of Two Rivers Bancorp in a report on Friday, November 16th. Finally, Zacks Investment Research downgraded shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd.

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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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Earnings History for Two Rivers Bancorp (NASDAQ:TRCB)

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