Towne Bank (TOWN) Earning Somewhat Critical News Coverage, Report Finds
News headlines about Towne Bank (NASDAQ:TOWN) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Towne Bank earned a news impact score of -0.09 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.5817391208591 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have recently weighed in on TOWN shares. Zacks Investment Research raised shares of Towne Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Piper Jaffray Companies set a $34.00 target price on shares of Towne Bank and gave the company a “hold” rating in a research note on Tuesday, October 31st.
Towne Bank (TOWN) traded up $0.50 during midday trading on Wednesday, hitting $33.65. 104,800 shares of the stock were exchanged, compared to its average volume of 150,893. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2,074.26, a PE ratio of 21.95 and a beta of 1.00. Towne Bank has a 12-month low of $28.55 and a 12-month high of $35.30.
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Towne Bank Company Profile
TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance.
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