NasdaqGM:TRCB

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Risks

  • Two River Bancorp has significant price volatility in the past 3 months.
  • Two River Bancorp is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Two River Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

NasdaqGM:TRCB

-1.8%

US Banks

-1.6%

US Market


1 Year Return

8.6%

NasdaqGM:TRCB

-16.1%

US Banks

-3.0%

US Market

TRCB outperformed the Banks industry which returned -16.1% over the past year.

TRCB outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

TRCBIndustryMarket
7 Day-1.5%-1.8%-1.6%
30 Day31.1%-10.6%-5.8%
90 Day27.0%-5.0%0.2%
1 Year10.4%8.6%-13.7%-16.1%-0.8%-3.0%
3 Year77.4%70.7%37.9%28.5%38.0%29.1%
5 Year154.4%138.0%49.4%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Two River Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Two River Bancorp undervalued based on future cash flows and its price relative to the stock market?

13.68x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Two River Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Two River Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Two River Bancorp is overvalued based on earnings compared to the US Banks industry average.

Two River Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Two River Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Two River Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Two River Bancorp expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Two River Bancorp's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).

Two River Bancorp's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Two River Bancorp's revenue growth is positive but not above the United States of America market average.

Two River Bancorp's earnings growth is positive but not above the United States of America market average.

Two River Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Two River Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Two River Bancorp performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Two River Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Two River Bancorp's 1-year earnings growth exceeds its 5-year average (48.3% vs 13.7%)

Two River Bancorp's earnings growth has exceeded the US Banks industry average in the past year (48.3% vs 33.1%).


Return on Equity

Two River Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Two River Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Two River Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Two River Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Two River Bancorp has an acceptable proportion of non-loan assets held.

Two River Bancorp has a sufficient allowance for bad loans.

Two River Bancorp's liabilities are made up of primarily low risk sources of funding.

Two River Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Two River Bancorp are broadly funded by customer deposits.

Two River Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Two River Bancorp's current dividend yield, its reliability and sustainability?

1.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Two River Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Two River Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Whilst dividend payments have been stable, Two River Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but Two River Bancorp only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Two River Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.9yrs

Average management tenure


CEO

Bill Moss (62yo)

9.6yrs

Tenure

US$714,629

Compensation

Mr. William D. Moss, also known as Bill, serves as Chairman of the Board of Two River Bancorp and Two River Community Bank since October 17, 2018. Mr. Moss has been Chief Executive Officer and President at ...


CEO Compensation Analysis

Bill's remuneration is lower than average for companies of similar size in United States of America.

Bill's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.9yrs

Average Tenure

59yo

Average Age

The average tenure for the Two River Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.3yrs

Average Tenure

64.5yo

Average Age

The average tenure for the Two River Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Two River Bancorp individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$1,48810 Jun 19
Alan Turner
EntityIndividual
Role
Other Key Executive
Executive VP & Senior Loan Officer of Two River Community Bank
Shares102
Max PriceUS$14.59
BuyUS$4,46123 May 19
Alan Turner
EntityIndividual
Role
Other Key Executive
Executive VP & Senior Loan Officer of Two River Community Bank
Shares300
Max PriceUS$14.87
BuyUS$4,30916 May 19
Robert Grossman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares289
Max PriceUS$14.91
BuyUS$18,46802 May 19
Charles Butrico
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,200
Max PriceUS$15.39
BuyUS$15,50030 Apr 19
John Perri
EntityIndividual
Role
Vice Chairman
Co-Vice Chairman of the Board & Co-Lead Independent Director
Shares1,000
Max PriceUS$15.50
BuyUS$15,59026 Apr 19
Andrew Vitale
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.59
BuyUS$15,19528 Nov 18
Robert Grossman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.20
BuyUS$15,15019 Nov 18
Charles Butrico
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.15
BuyUS$31,63030 Oct 18
Charles Butrico
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$15.85
BuyUS$31,90026 Oct 18
William Moss
EntityIndividual
Role
Chief Executive Officer
President
Shares2,000
Max PriceUS$15.95
BuyUS$10,33206 Sep 18
William Statter
EntityIndividual
Shares600
Max PriceUS$17.22

Ownership Breakdown


Management Team

  • Rich Abrahamian (59yo)

    Executive VP & CFO

    • Tenure: 9.3yrs
    • Compensation: US$394.19k
  • Robin Zager (69yo)

    Corporate Secretary & Director

    • Tenure: 10.3yrs
    • Compensation: US$55.11k
  • Alan Turner (55yo)

    Executive VP & Senior Loan Officer of Two River Community Bank

    • Tenure: 12.6yrs
    • Compensation: US$348.35k
  • Bill Moss (62yo)

    President

    • Tenure: 9.6yrs
    • Compensation: US$714.63k
  • William Winans

    Senior Vice President and Managing Director of Northern Region

    • Tenure: 2.5yrs
  • Anthony Mero (49yo)

    COO & Executive VP of Two River Community Bank

    • Tenure: 5.9yrs
  • Scott Keller

    Senior Vice President of Residential Mortgage Division

    • Tenure: 4.8yrs
  • Adam Cadmus

    Assistant VP & Marketing Director of Two River Commuity Bank

    • Tenure: 0.0yrs
  • Rosann Zulauf

    Chief Retail Officer and SVP

    • Tenure: 2.8yrs
  • Michael Stocko

    Assistant Controller

    • Tenure: 0.0yrs

Board Members

  • Dan Vitale (61yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$43.01k
  • Joseph F. O'Sullivan (65yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$57.80k
  • Robin Zager (69yo)

    Corporate Secretary & Director

    • Tenure: 10.3yrs
    • Compensation: US$55.11k
  • William LaMorte (70yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$57.17k
  • Bill Moss (62yo)

    President

    • Tenure: 9.6yrs
    • Compensation: US$714.63k
  • Robert Grossman (72yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$42.38k
  • John Perri (70yo)

    Co-Vice Chairman of the Board & Co-Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: US$64.20k
  • Robert Gregory (62yo)

    Director

    • Tenure: 12.9yrs
    • Compensation: US$42.30k
  • Jim Bollerman (64yo)

    Co-Vice Chairmen of the Board & Co-Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: US$52.08k
  • Charles Butrico (59yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$44.17k

Company Information

Two River Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Two River Bancorp
  • Ticker: TRCB
  • Exchange: NasdaqGM
  • Founded: 2000
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$161.110m
  • Shares outstanding: 8.62m
  • Website: https://www.tworiver.bank

Number of Employees


Location

  • Two River Bancorp
  • 766 Shrewsbury Avenue
  • Tinton Falls
  • New Jersey
  • 7724
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRCBNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDApr 2006

Biography

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, professiona ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:04
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.