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


In a report issued on September 28, Blair Brantley from Brean Capital reiterated a Hold rating on Towne Bank (NASDAQ: TOWN). The company’s shares opened today at $30.95.

According to TipRanks.com, Brantley is a 3-star analyst with an average return of 2.0% and a 48.2% 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.

The word on The Street in general, suggests a Hold analyst consensus rating for Towne Bank with a $34 average price target.

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The company has a one-year high of $35.30 and a one-year low of $27.85. Currently, Towne Bank has an average volume of 106.2K.

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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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