Towne Bank (TOWN) Gets a Hold Rating from Brean Capital


Brean Capital analyst Blair Brantley reiterated a Hold rating on Towne Bank (TOWN) on March 15. The company’s shares opened today at $26.54.

According to TipRanks.com, Brantley is a 1-star analyst with an average return of -2.0% and a 32.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Union Bankshares Corporation, and Community Bankers Trust Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Towne Bank.

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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 offers full range of banking and related financial services. 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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