Towne Bank expected to post earnings of 61 cents a share - Earnings Preview

TowneBank

24/01/2022 14:35

* Towne Bank  TOWN.OQ   TOWN.O  is expected to show a fall
in
quarterly revenue when it reports  results on January 26
(estimated). 
    * The Portsmouth Virginia-based  company is expected to
report  a
7.1% decrease in revenue to $159.621 million from $171.85
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Towne Bank is for
earnings of 61 cents per share. For the same quarter last year,
the company reported earnings of 69 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Towne Bank
is
$35.5​, about 10.1% above​ its last closing price of $31.93. ​​​
    * 

This summary was machine generated January 24 at 14:35 GMT.  All
figures in US dollars  unless otherwise stated