Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TowneBank (TOWN) Stock Price

Media stories about TowneBank (NASDAQ:TOWN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TowneBank earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.2783991088275 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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NASDAQ:TOWN opened at $28.60 on Friday. The firm has a market cap of $2,060.92, a PE ratio of 18.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. TowneBank has a fifty-two week low of $28.10 and a fifty-two week high of $35.30.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, March 28th. TowneBank’s dividend payout ratio is presently 35.90%.

TOWN has been the subject of several research reports. BidaskClub lowered TowneBank from a “sell” rating to a “strong sell” rating in a research note on Friday, January 26th. Sandler O’Neill reissued a “hold” rating and set a $32.00 price objective on shares of TowneBank in a research note on Tuesday, February 6th. Zacks Investment Research raised TowneBank from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Brean Capital reissued a “hold” rating on shares of TowneBank in a research note on Monday, February 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 price objective on shares of TowneBank in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price 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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