Towne Bank reports results for the quarter ended in December - Earnings Summary

TowneBank

27/01/2022 15:24

* Towne Bank  TOWN.OQ  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
61 cents per share.
    * Revenue fell 6.6% to $160.42 million from a year ago; 
analysts
expected $159.62 million. 
    * Towne Bank's reported EPS for the quarter was 55 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Towne Bank shares had risen by 1.9% this quarter.
    * The company reported quarterly net income of $40.18
million.
    * Wall Street's median 12-month price target for Towne Bank
is
$35.50 
    * 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." 

This summary was machine generated January 27 at 03:24 p.m.
 ​All figures in US dollars unless otherwise stated