In a report released yesterday, Blair Brantley from Brean Capital reiterated a Hold rating on Towne Bank (NASDAQ: TOWN). The company’s shares opened today at $32.85.
According to TipRanks.com, Brantley is a 4-star analyst with an average return of 10.3% and a 81.4% 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.
See today’s analyst top recommended stocks >>
Based on Towne Bank’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $24.71 million. In comparison, last year the company had a net profit of $21.97 million.
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.
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.
