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

TowneBank

29/04/2022 11:11

* Towne Bank  TOWN.OQ  reported quarterly adjusted earnings
of 63
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
58 cents per share.
    * Revenue fell 9.4% to $165.41 million from a year ago; 
analysts
expected $161.81 million. 
    * Towne Bank's reported EPS for the quarter was 63 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Towne Bank shares had fallen by 5.1% this quarter and
lost 10.0%
so far this year.
    * The company reported quarterly net income of $45.59
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 April 29 at 10:11 a.m.  ​All
figures in US dollars unless otherwise stated