In a report released yesterday, Blair Brantley from Brean Capital reiterated a Hold rating on Towne Bank (TOWN). The company’s shares closed yesterday at $25.76.
According to TipRanks.com, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.8% and a 19.3% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Patriot National Bancorp Inc, and Union Bankshares Corporation.
Currently, the analyst consensus on Towne Bank is a Hold with an average price target of $30, representing a 16.5% upside. In a report issued on January 7, Raymond James also downgraded the stock to Hold.
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The company has a one-year high of $33.85 and a one-year low of $22.88. Currently, Towne Bank has an average volume of 131K.
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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.
