Brean Capital analyst Blair Brantley reiterated a Hold rating on Towne Bank (TOWN) today. The company’s shares opened today at $25.40.
According to TipRanks.com, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 25.0% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Community Bankers Trust Corp, and Patriot National Bancorp Inc.
Towne Bank has an analyst consensus of Hold, with a price target consensus of $30.
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Based on Towne Bank’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $35.99 million. In comparison, last year the company had a net profit of $12.33 million.
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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.
