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

TowneBank

29/07/2021 15:38

* Towne Bank  TOWN.OQ  reported quarterly adjusted earnings of
77 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
69 cents per share.
* Revenue rose 2.9% to $167.32 million from a year ago; 
analysts expected $167.46 million. 
* Towne Bank's reported EPS for the quarter was 77 cents​.
* The mean earnings estimate of analysts had risen by about 5.4%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Towne Bank shares had fallen by 1.0% this quarter and
gained 28.2% so far this year.
* The company reported quarterly net income of $55.8 million.
* Wall Street's median 12-month price target for Towne Bank is
$34.00 
* 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 July 29 at 02:38 p.m.  ​All
figures in US dollars unless otherwise stated