TowneBank (TOWN) Earns Media Sentiment Score of 0.05

Media coverage about TowneBank (NASDAQ:TOWN) has been trending somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TowneBank earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.8307086695707 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

TowneBank (TOWN) opened at $32.65 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market cap of $2,042.09, a price-to-earnings ratio of 21.59 and a beta of 0.98. TowneBank has a 52-week low of $28.55 and a 52-week high of $35.30.

TowneBank (NASDAQ:TOWN) last posted its earnings results on Thursday, October 26th. The bank reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The company had revenue of $115.34 million during the quarter, compared to analysts’ expectations of $118.96 million. TowneBank had a net margin of 19.55% and a return on equity of 8.49%. research analysts predict that TowneBank will post 1.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, December 28th. TowneBank’s dividend payout ratio (DPR) is 36.84%.

A number of equities research analysts have issued reports on the stock. Brean Capital assumed coverage on shares of TowneBank in a report on Friday, December 1st. They set a “hold” rating on the stock. Piper Jaffray Companies reiterated a “neutral” rating and set a $32.00 target price on shares of TowneBank in a report on Thursday, October 5th. BidaskClub lowered shares of TowneBank from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of TowneBank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th.

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TowneBank Company Profile

TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance.

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