Somewhat Positive News Coverage Somewhat Unlikely to Impact Two River Bancorp (TRCB) Stock Price

Media headlines about Two River Bancorp (NASDAQ:TRCB) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Two River Bancorp earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.0921019774142 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Two River Bancorp (TRCB) opened at $18.25 on Friday. The stock has a market cap of $154.34, a P/E ratio of 19.21 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Two River Bancorp has a 52 week low of $13.58 and a 52 week high of $20.75.

Two River Bancorp (NASDAQ:TRCB) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $9.87 million for the quarter, compared to analysts’ expectations of $9.62 million. Two River Bancorp had a net margin of 20.45% and a return on equity of 8.29%. research analysts expect that Two River Bancorp will post 0.97 earnings per share for the current fiscal year.

Two River Bancorp declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Two River Bancorp from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, September 19th. ValuEngine cut shares of Two River Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.

In other news, Director Robert E. Gregory sold 10,000 shares of Two River Bancorp stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. Following the transaction, the director now directly owns 181,035 shares of the company’s stock, valued at $3,528,372.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.48% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Two River Bancorp (NASDAQ:TRCB)

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