Brean Capital Keeps a Hold Rating on Towne Bank (TOWN)


Brean Capital analyst Blair Brantley reiterated a Hold rating on Towne Bank (NASDAQ: TOWN) today. The company’s shares opened today at $32.95.

According to TipRanks.com, Brantley is a 3-star analyst with an average return of 4.7% and a 62.7% success rate. Brantley covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Carolina Financial Corporation, and Patriot National Bancorp Inc.

Towne Bank has an analyst consensus of Hold, with a price target consensus of $34.33.

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Towne Bank’s market cap is currently $2.37B and has a P/E ratio of 22.16. The company has a Price to Book ratio of 1.62.

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TowneBank provides retail and commercial banking services to the individuals and small & medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers.

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