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

TowneBank

28/10/2021 16:03

* Towne Bank  TOWN.OQ  reported quarterly adjusted earnings of
69 cents​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was
for earnings of 67 cents per share.
* Revenue fell 11.5% to $170.08 million from a year ago; 
analysts expected $161.69 million. 
* Towne Bank's reported EPS for the quarter was 69 cents​.
* The mean earnings estimate of analysts had risen by
about 10.8% 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 fallen by 1.9% this quarter and
gained 29.9% so far this year.
* The company reported quarterly net income of $50.4 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 October 28 at 03:03 p.m.
 ​All figures in US dollars unless otherwise stated