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Towne Bank
TOWNNASDAQ
Towne Bank (NASDAQ:TOWN) Stock, Analyst Ratings, Price Targets, Forecasts
Towne Bank has a consensus price target of $27 based on the ratings of 5 analysts. The high is $32 issued by Raymond James on January 5, 2024. The low is $23 issued by Stephens & Co. on September 13, 2023. The 3 most-recent analyst ratings were released by Raymond James, Stephens & Co., and Hovde Group on January 5, 2024, September 13, 2023, and August 11, 2023, respectively. With an average price target of $27.33 between Raymond James, Stephens & Co., and Hovde Group, there's an implied -12.59% downside for Towne Bank from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
Stephens & Co.
Hovde Group
Keefe, Bruyette & Woods
Piper Sandler
1calculated from analyst ratings
Analyst Ratings for Towne Bank
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/05/2024 | Buy Now | 2.33% | Raymond James | Steve Moss | $28 → $32 | Maintains | Outperform | Get Alert |
| 09/13/2023 | Buy Now | -26.45% | Stephens & Co. | Russell Gunther | → $23 | Initiates | → Equal-Weight | Get Alert |
| 08/11/2023 | Buy Now | -13.66% | Hovde Group | David Bishop | → $27 | Initiates | → Market Perform | Get Alert |
| 05/08/2023 | Buy Now | -20.05% | Keefe, Bruyette & Woods | Catherine Mealor | $28 → $25 | Maintains | Market Perform | Get Alert |
| 05/03/2023 | Buy Now | -10.46% | Raymond James | Steve Moss | $34 → $28 | Maintains | Outperform | Get Alert |
| 05/01/2023 | Buy Now | -10.46% | Piper Sandler | Casey Orr Whitman | $31 → $28 | Maintains | Overweight | Get Alert |
| 04/06/2023 | Buy Now | -10.46% | Keefe, Bruyette & Woods | Catherine Mealor | $32 → $28 | Maintains | Market Perform | Get Alert |
FAQ
What is the target price for Towne Bank (TOWN) stock?
The latest price target for Towne Bank (NASDAQ:TOWN) was reported by Raymond James on January 5, 2024. The analyst firm set a price target for $32.00 expecting TOWN to rise to within 12 months (a possible 2.33% upside). 3 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 Raymond James, and Towne Bank maintained their outperform rating.
When was the last upgrade for Towne Bank (TOWN)?
There is no last upgrade for Towne Bank
When was the last downgrade for Towne Bank (TOWN)?
There is no last downgrade for Towne Bank.
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 January 5, 2024 so you should expect the next rating to be made available sometime around January 5, 2025.
Is the Analyst Rating Towne Bank (TOWN) correct?
While ratings are subjective and will change, the latest Towne Bank (TOWN) rating was a maintained with a price target of $28.00 to $32.00. The current price Towne Bank (TOWN) is trading at is $31.27, which is within the analyst’s predicted range.
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