TowneBank (TOWN)
NASDAQ: TOWN · IEX Real-Time Price · USD
27.51
+0.50 (1.85%)
Jul 2, 2024, 4:00 PM EDT - Market closed
TowneBank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for TowneBank stock have an average target of 27.33, with a low estimate of 23 and a high estimate of 32. The average target predicts a decrease of -0.65% from the current stock price of 27.51.
Analyst Consensus: Hold
* Price targets were last updated on Jan 5, 2024.
Analyst Ratings
The average analyst rating for TowneBank stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $28 → $32 | Buy | Maintains | $28 → $32 | +16.32% | Jan 5, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Initiates $23 | Hold | Initiates | $23 | -16.39% | Sep 13, 2023 |
| Hovde Group | Hovde Group | Hold Initiates $27 | Hold | Initiates | $27 | -1.85% | Aug 11, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $28 → $25 | Hold | Maintains | $28 → $25 | -9.12% | May 8, 2023 |
| Raymond James | Raymond James | Buy Maintains $34 → $28 | Buy | Maintains | $34 → $28 | +1.78% | May 3, 2023 |
Financial Forecast
Revenue This Year
710.39M
from 941.58M
Decreased by -24.55%
Revenue Next Year
788.08M
from 710.39M
Increased by 10.94%
EPS This Year
2.07
from 2.06
Increased by 0.51%
EPS Next Year
2.52
from 2.07
Increased by 21.87%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 738.7M | 827.5M |
| Avg | 710.4M | 788.1M |
| Low | 678.6M | 742.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -21.5% | 16.5% |
| Avg | -24.6% | 10.9% |
| Low | -27.9% | 4.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.21 | 2.84 |
| Avg | 2.07 | 2.52 |
| Low | 1.91 | 2.25 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 7.0% | 36.9% |
| Avg | 0.5% | 21.9% |
| Low | -7.2% | 8.9% |
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.