Towne Bank expected to post earnings of 63  cents a share - Earnings Preview

TowneBank

25/07/2022 16:14

* Towne Bank  TOWN.OQ   TOWN.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 27
(estimated). 
    * The Portsmouth Virginia-based  company is expected to
report  a
0.3% increase in revenue to $167.9 million from $167.32 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Towne Bank is for
earnings of 63 cents per share. For the same quarter last year,
the company reported earnings of 77 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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
$34​, above​ its last closing price of $28.25. ​​​

This summary was machine generated July 25 at 15:14 GMT.  All
figures in US dollars  unless otherwise stated