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Towne Bank Analyst Ratings

Benzinga ·  Aug 11, 2023 22:19
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
08/11/2023 7.4% Hovde Group → $27 Initiates Coverage On → Market Perform
05/08/2023 -0.56% Keefe, Bruyette & Woods $28 → $25 Maintains Market Perform
05/03/2023 11.38% Raymond James $34 → $28 Maintains Outperform
05/01/2023 11.38% Piper Sandler $31 → $28 Maintains Overweight
04/06/2023 11.38% Keefe, Bruyette & Woods $32 → $28 Maintains Market Perform
02/03/2021 11.38% Piper Sandler $25 → $28 Upgrades Neutral → Overweight
10/29/2020 -20.45% Piper Sandler $19 → $20 Maintains Neutral
01/07/2020 11.38% Stephens & Co. → $28 Initiates Coverage On → Equal-Weight
07/16/2019 7.4% Piper Sandler → $27 Initiates Coverage On → Neutral
10/26/2018 23.31% Raymond James $35 → $31 Maintains Outperform

What is the target price for Towne Bank (TOWN)?

The latest price target for Towne Bank (NASDAQ: TOWN) was reported by Hovde Group on August 11, 2023. The analyst firm set a price target for $27.00 expecting TOWN to rise to within 12 months (a possible 7.40% upside). 5 analyst firms have reported ratings in the last year.

What is the most recent analyst rating for Towne Bank (TOWN)?

The latest analyst rating for Towne Bank (NASDAQ: TOWN) was provided by Hovde Group, and Towne Bank initiated their market perform rating.

When is the next analyst rating going to be posted or updated for Towne Bank (TOWN)?

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Towne Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Towne Bank was filed on August 11, 2023 so you should expect the next rating to be made available sometime around August 11, 2024.

Is the Analyst Rating Towne Bank (TOWN) correct?

While ratings are subjective and will change, the latest Towne Bank (TOWN) rating was a initiated with a price target of $0.00 to $27.00. The current price Towne Bank (TOWN) is trading at is $25.14, which is within the analyst's predicted range.

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