Towne Bank has a consensus price target of $30 based on the ratings of 5 analysts. The high is $40 issued by Keefe, Bruyette & Woods on October 2, 2024. The low is $23 issued by Stephens & Co. on September 13, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Keefe, Bruyette & Woods, and Raymond James on October 2, 2024, July 29, 2024, and January 5, 2024, respectively. With an average price target of $35.67 between Keefe, Bruyette & Woods, Keefe, Bruyette & Woods, and Raymond James, there's an implied -4.30% downside for Towne Bank from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Towne Bank (NASDAQ:TOWN) was reported by Keefe, Bruyette & Woods on October 2, 2024. The analyst firm set a price target for $40.00 expecting TOWN to rise to within 12 months (a possible 7.32% upside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Towne Bank (NASDAQ:TOWN) was provided by Keefe, Bruyette & Woods, and Towne Bank upgraded their outperform rating.
The last upgrade for Towne Bank happened on October 2, 2024 when Keefe, Bruyette & Woods raised their price target to $40. Keefe, Bruyette & Woods previously had a market perform for Towne Bank.
There is no last downgrade for Towne Bank.
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 October 2, 2024 so you should expect the next rating to be made available sometime around October 2, 2025.
While ratings are subjective and will change, the latest Towne Bank (TOWN) rating was a upgraded with a price target of $35.00 to $40.00. The current price Towne Bank (TOWN) is trading at is $37.27, which is within the analyst’s predicted range.
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