TowneBank (TOWN) Earns Media Impact Rating of 0.13

News coverage about TowneBank (NASDAQ:TOWN) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of 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 nearest to one being the most favorable. TowneBank earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.1898326776461 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

TOWN has been the topic of a number of recent research reports. Brean Capital reaffirmed a “hold” rating on shares of TowneBank in a research report on Thursday, April 5th. Zacks Investment Research lowered shares of TowneBank from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Piper Jaffray reaffirmed a “hold” rating and set a $35.00 price target on shares of TowneBank in a research report on Tuesday, January 9th. BidaskClub lowered shares of TowneBank from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $35.00 price target on shares of TowneBank in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.25.

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NASDAQ:TOWN opened at $28.60 on Monday. TowneBank has a 52 week low of $27.85 and a 52 week high of $35.30. The stock has a market cap of $2,082.54, a P/E ratio of 18.33 and a beta of 1.00.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Thursday, March 29th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, March 28th. TowneBank’s dividend payout ratio is currently 35.90%.

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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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