TowneBank Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for TowneBank stock have an average target of 36, with a low estimate of 32 and a high estimate of 40. The average target predicts an increase of 4.90% from the current stock price of 34.32.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$32	$36	$40	$40
Change	-6.76%	+4.90%	+16.55%	+16.55%

* Price targets were last updated on Oct 2, 2024.

Analyst Ratings

The average analyst rating for TowneBank stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	2	2	2
Hold	3	3	3	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $35 → $40	Hold → Buy	Upgrades	$35 → $40	+16.55%	Oct 2, 2024
Catherine Mealor Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $30 → $35	Hold	Maintains	$30 → $35	+1.98%	Jul 29, 2024
Steve Moss Raymond James	Raymond James	Buy Maintains $28 → $32	Buy	Maintains	$28 → $32	-6.76%	Jan 5, 2024
Russell Gunther Stephens & Co.	Stephens & Co.	Hold Initiates $23	Hold	Initiates	$23	-32.98%	Sep 13, 2023
David Bishop Hovde Group	Hovde Group	Hold Initiates $27	Hold	Initiates	$27	-21.33%	Aug 11, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

703.42M

Revenue Next Year

800.59M

from 703.42M

13.81%

from 703.42M

EPS This Year

2.16

from 2.06

4.84%

from 2.06

EPS Next Year

2.61

from 2.16

20.71%

from 2.16

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	703.42M	800.59M	889.03M
Revenue Growth	5.81%	7.68%	16.74%	-2.86%	-0.25%	-	13.81%	11.05%
EPS	1.92	2.01	2.97	2.60	2.06	2.16	2.61	3.26
EPS Growth	2.13%	4.69%	47.76%	-12.46%	-20.80%	4.84%	20.71%	25.24%
Forward PE	-	-	-	-	-	15.90	13.17	10.51
No. Analysts	-	-	-	-	-	6	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	728.7M	846.5M	934.9M
Avg	703.4M	800.6M	889.0M
Low	671.1M	749.9M	810.8M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	20.3%	16.8%
Avg	-	13.8%	11.0%
Low	-	6.6%	1.3%

EPS Forecast

EPS	2024	2025	2026
High	2.27	2.78	3.62
Avg	2.16	2.61	3.26
Low	2.02	2.30	2.94

EPS Growth

EPS Growth	2024	2025	2026
High	10.1%	28.9%	39.0%
Avg	4.8%	20.7%	25.2%
Low	-2.0%	6.7%	12.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.