TowneBank (TOWN)
NASDAQ: TOWN · IEX Real-Time Price · USD
27.38
+0.38 (1.41%)
At close: Apr 22, 2024, 4:00 PM
27.33
-0.05 (-0.19%)
After-hours: Apr 22, 2024, 4:20 PM EDT
TowneBank Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for TowneBank stock have an average target of 27, with a low estimate of 23 and a high estimate of 32. The average target predicts a decrease of -1.39% from the current stock price of 27.38.
Analyst Consensus: Hold
* Price targets were last updated on Jan 5, 2024.
Analyst Ratings
The average analyst rating for TowneBank stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $28 → $32 | Buy | Maintains | $28 → $32 | +16.87% | Jan 5, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Initiates $23 | Hold | Initiates | $23 | -16.00% | Sep 13, 2023 |
| Hovde Group | Hovde Group | Hold Initiates $27 | Hold | Initiates | $27 | -1.39% | Aug 11, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $28 → $25 | Hold | Maintains | $28 → $25 | -8.69% | May 8, 2023 |
| Raymond James | Raymond James | Buy Maintains $34 → $28 | Buy | Maintains | $34 → $28 | +2.26% | May 3, 2023 |
Financial Forecast
Revenue This Year
718.37M
from 941.58M
Decreased by -23.71%
Revenue Next Year
785.91M
from 718.37M
Increased by 9.40%
EPS This Year
2.14
from 2.06
Increased by 4.08%
EPS Next Year
2.54
from 2.14
Increased by 18.27%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 741.4M | 817.1M |
| Avg | 718.4M | 785.9M |
| Low | 687.7M | 751.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -21.3% | 13.7% |
| Avg | -23.7% | 9.4% |
| Low | -27.0% | 4.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.27 | 2.73 |
| Avg | 2.14 | 2.54 |
| Low | 2.01 | 2.30 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 10.1% | 27.3% |
| Avg | 4.1% | 18.3% |
| Low | -2.5% | 7.4% |
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.