TowneBank (NASDAQ:TOWN - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $191.29 million for the quarter.
TowneBank (NASDAQ:TOWN - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. TowneBank had a net margin of 15.77% and a return on equity of 7.77%. On average, analysts expect TowneBank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
TowneBank Stock Up 1.0 %
Shares of NASDAQ TOWN traded up $0.31 during midday trading on Friday, reaching $31.80. 279,521 shares of the company's stock traded hands, compared to its average volume of 258,846. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 14.79 and a beta of 0.79. The stock's 50 day simple moving average is $34.19 and its 200-day simple moving average is $34.64. TowneBank has a one year low of $25.70 and a one year high of $38.28.
TowneBank Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, March 31st. TowneBank's dividend payout ratio (DPR) is currently 46.51%.
Analyst Ratings Changes
Several research firms have commented on TOWN. Hovde Group raised shares of TowneBank from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $39.00 to $38.00 in a research report on Friday, April 4th. Stephens reissued an "equal weight" rating and set a $41.00 target price on shares of TowneBank in a research report on Thursday, January 23rd.
View Our Latest Research Report on TowneBank
TowneBank Company Profile
(
Get Free Report)
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.
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