Two River Bancorp (TRCB) Director Andrew A. Vitale Buys 2,000 Shares

Two River Bancorp (NASDAQ:TRCB) Director Andrew A. Vitale purchased 2,000 shares of Two River Bancorp stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $18.21 per share, for a total transaction of $36,420.00. Following the completion of the transaction, the director now directly owns 19,391 shares in the company, valued at approximately $353,110.11. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Two River Bancorp (NASDAQ TRCB) traded up 0.17% during midday trading on Friday, reaching $17.36. The company’s stock had a trading volume of 15,641 shares. The stock has a 50 day moving average of $17.97 and a 200 day moving average of $17.56. Two River Bancorp has a 52 week low of $10.81 and a 52 week high of $18.90. The firm has a market capitalization of $145.60 million, a PE ratio of 16.39 and a beta of 0.61.

Two River Bancorp (NASDAQ:TRCB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Two River Bancorp had a return on equity of 8.86% and a net margin of 21.67%. The firm had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $9.12 million. On average, equities research analysts predict that Two River Bancorp will post $0.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Friday, August 11th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 1.04%. This is a boost from Two River Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, August 9th. Two River Bancorp’s dividend payout ratio (DPR) is currently 16.98%.

WARNING: This piece was posted by Rincon Hill News and is the property of of Rincon Hill News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://rinconhillneighbors.org/2017/08/19/two-river-bancorp-trcb-director-andrew-a-vitale-buys-2000-shares-updated-updated.html.

Separately, Zacks Investment Research raised Two River Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, July 28th.

A number of large investors have recently added to or reduced their stakes in TRCB. New York State Common Retirement Fund acquired a new stake in Two River Bancorp during the second quarter worth $143,000. Segantii Capital Management Ltd acquired a new stake in Two River Bancorp during the first quarter worth $173,000. Nordea Investment Management AB purchased a new position in shares of Two River Bancorp during the first quarter worth approximately $177,000. Spark Investment Management LLC raised its position in shares of Two River Bancorp by 5.0% in the first quarter. Spark Investment Management LLC now owns 10,500 shares of the financial services provider’s stock worth $185,000 after buying an additional 500 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Two River Bancorp by 5.0% in the first quarter. Bank of America Corp DE now owns 11,479 shares of the financial services provider’s stock worth $203,000 after buying an additional 546 shares during the last quarter. 17.47% of the stock is owned by hedge funds and other institutional investors.

Two River Bancorp Company Profile

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.

Receive News & Ratings for Two River Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two River Bancorp and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.