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

TowneBank

29/04/2021 21:00

* Towne Bank  TOWN.OQ  reported quarterly adjusted earnings of
95 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
64 cents per share.
* Revenue rose 32.5% to $182.51 million from a year ago​; 
analysts expected $164.84 million.
* Towne Bank's reported EPS for the quarter was 95 cents​.
* The mean earnings estimate of analysts had risen by
about 29.6% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Towne Bank shares had fallen by 0.2% this quarter and
gained 29.2% so far this year.
* The company reported quarterly net income of $69 million.
* Wall Street's median 12-month price target for Towne Bank is
$33.00 
* 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 April 29 at 08:00 p.m. GMT.
​All figures in US Dollars.​