TowneBank (TOWN) Receiving Somewhat Favorable Press Coverage, Report Shows

News headlines about TowneBank (NASDAQ:TOWN) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TowneBank earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.1607941314137 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of TOWN stock traded down $0.05 on Thursday, hitting $28.60. The stock had a trading volume of 210,011 shares, compared to its average volume of 194,384. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market capitalization of $2,042.91, a P/E ratio of 20.28 and a beta of 1.02. TowneBank has a one year low of $28.10 and a one year high of $35.30.

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TowneBank (NASDAQ:TOWN) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $109.14 million during the quarter, compared to the consensus estimate of $108.16 million. TowneBank had a return on equity of 8.73% and a net margin of 17.77%. analysts anticipate that TowneBank will post 1.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. TowneBank’s payout ratio is currently 39.72%.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded TowneBank from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded TowneBank from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 22nd. Brean Capital reiterated a “hold” rating on shares of TowneBank in a research report on Tuesday, January 2nd. Sandler O’Neill reiterated a “hold” rating and set a $32.00 target price on shares of TowneBank in a research report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 target price on shares of TowneBank in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.25.

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TowneBank Company Profile

TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.

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