Two River Bancorp Declares Quarterly Dividend of $0.05 (TRCB)

Two River Bancorp (NASDAQ:TRCB) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.045 per share by the financial services provider on Wednesday, November 29th. This represents a $0.18 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, November 7th.

Shares of Two River Bancorp (NASDAQ:TRCB) opened at $17.94 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $152.82, a P/E ratio of 18.33 and a beta of 0.65. Two River Bancorp has a 52-week low of $12.11 and a 52-week high of $20.75.

Two River Bancorp (NASDAQ:TRCB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Two River Bancorp had a return on equity of 8.38% and a net margin of 20.45%. The business had revenue of $9.87 million during the quarter, compared to the consensus estimate of $9.62 million. sell-side analysts expect that Two River Bancorp will post 0.97 earnings per share for the current fiscal year.

In other news, Director Robert E. Gregory sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $19.49, for a total value of $194,900.00. Following the sale, the director now directly owns 181,035 shares in the company, valued at $3,528,372.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.48% of the company’s stock.

An institutional investor recently bought a new position in Two River Bancorp stock. California State Teachers Retirement System bought a new stake in Two River Bancorp (NASDAQ:TRCB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,800 shares of the financial services provider’s stock, valued at approximately $238,000. California State Teachers Retirement System owned about 0.15% of Two River Bancorp at the end of the most recent quarter. Institutional investors own 22.86% of the company’s stock.

Separately, Zacks Investment Research raised Two River Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Saturday, October 28th.

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About Two River Bancorp

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.

Dividend History for Two River Bancorp (NASDAQ:TRCB)

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