Short Interest in Two Rivers Bancorp (NASDAQ:TRCB) Grows By 130.0%

Two Rivers Bancorp (NASDAQ:TRCB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 6,900 shares, a growth of 130.0% from the May 30th total of 3,000 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

NASDAQ:TRCB traded down $0.11 on Thursday, reaching $14.49. 14,400 shares of the company’s stock were exchanged, compared to its average volume of 8,202. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.30. The stock has a market cap of $126.74 million, a price-to-earnings ratio of 11.06 and a beta of 0.39. The business has a fifty day simple moving average of $14.54. Two Rivers Bancorp has a 52-week low of $11.54 and a 52-week high of $19.83.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Two Rivers Bancorp had a net margin of 21.98% and a return on equity of 9.94%. The company had revenue of $10.50 million for the quarter, compared to analyst estimates of $10.53 million. As a group, research analysts anticipate that Two Rivers Bancorp will post 1.35 EPS for the current year.

A number of brokerages have issued reports on TRCB. Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 24th. FIG Partners reiterated an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Two Rivers Bancorp by 15.1% during the fourth quarter. BlackRock Inc. now owns 36,459 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 4,793 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Two Rivers Bancorp by 2.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 61,282 shares of the financial services provider’s stock valued at $935,000 after purchasing an additional 1,525 shares during the period. Advisor Group Inc. raised its holdings in shares of Two Rivers Bancorp by 521.6% during the fourth quarter. Advisor Group Inc. now owns 1,958 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,643 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Two Rivers Bancorp by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 121,984 shares of the financial services provider’s stock valued at $1,860,000 after purchasing an additional 11,528 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Two Rivers Bancorp by 10.2% during the first quarter. Acadian Asset Management LLC now owns 33,019 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 3,046 shares during the period. 25.05% of the stock is owned by institutional investors and hedge funds.

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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