Towne Bank (TOWN) Given Daily Media Sentiment Score of 0.04

Media headlines about Towne Bank (NASDAQ:TOWN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Towne Bank earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.8138628879453 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have commented on TOWN shares. Brean Capital started coverage on Towne Bank in a research note on Friday, December 1st. They issued a “hold” rating for the company. Piper Jaffray Companies set a $34.00 price objective on Towne Bank and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised Towne Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th.

Shares of Towne Bank (NASDAQ:TOWN) opened at $32.65 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Towne Bank has a one year low of $28.55 and a one year high of $35.30. The company has a market capitalization of $2,048.36, a P/E ratio of 21.66 and a beta of 0.98.

Towne Bank (NASDAQ:TOWN) last posted its earnings results on Thursday, October 26th. The bank reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Towne Bank had a net margin of 19.55% and a return on equity of 8.49%. The company had revenue of $115.34 million during the quarter, compared to the consensus estimate of $118.96 million. equities research analysts expect that Towne Bank will post 1.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. Towne Bank’s dividend payout ratio is presently 36.84%.

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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.

Insider Buying and Selling by Quarter for Towne Bank (NASDAQ:TOWN)

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