In a report released today, Erik Zwick from Boenning & Scattergood maintained a Hold rating on Two River Bancorp (TRCB). The company’s shares opened today at $15.90.
Zwick said:
“We are complimentary of Two River’s 1) steady and lower-risk growth strategy, 2) relationship-focused, community banking model, and 3) strong management team. We believe the stock is appropriately valued today with shares trading at a premium to peers relative to P/E (2019E 12.2x vs. 11.4x peers) and in-line with peers relative to P/TBV (1.44x vs. 1.46x peers).”
According to TipRanks.com, Zwick is a 1-star analyst with an average return of -2.3% and a 41.9% success rate. Zwick covers the Financial sector, focusing on stocks such as Bankwell Financial Group, Community Bank System, and Oceanfirst Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Two River Bancorp.
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Two River Bancorp’s market cap is currently $137.3M and has a P/E ratio of 16.40. The company has a Price to Book ratio of 1.21.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRCB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Two River Bancorp operates as a bank holding company. It engages in the business of commercial and retail banking.
