Towne Bank (NASDAQ:TOWN) Sellers Decreased By 0.61% Their Shorts As Of Jun 27, 2018

June 27, 2018 - By Alice Reed

TowneBank (NASDAQ:TOWN) Corporate Logo

Change of 0.61% for Towne Bank (NASDAQ:TOWN)’s short interest was recorded. In June was published TOWN’s total 683,300 short interest by FINRA. The 687,500 previous shares are down with 0.61%. Towne Bank (NASDAQ:TOWN) has 122,700 shares average volume. It’ll cost 6 days for TOWN to recover its former position. 1.24% is Towne Bank float short.

At traded at $33.3 lastly.It’s uptrending since June 27, 2017 and is 7.60% down. TOWN underperformed by 4.97% the S&P 500.

TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals.The company has $2.38 billion market cap. The firm operates in three divisions: Banking, Realty, and Insurance.The P/E ratio is 23.53. It accepts various deposits products, including demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.

TowneBank (NASDAQ:TOWN) Ratings Coverage

In total 5 analysts cover Towne Bank (NASDAQ:TOWN). “Buy” rating has 1, “Sell” are 0, while 4 are “Hold”. (NASDAQ:TOWN) has 20% bullish analysts. With $34.0 highest and $33.0 lowest PT, Towne Bank has $33 average PT or -0.90% below the current ($33.3) price. 16 are the (NASDAQ:TOWN)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. The company rating was maintained by Brean Capital on Thursday, May 3. On Friday, February 2 the firm earned “Hold” rating by Brean Capital. On Monday, February 5 the firm earned “Hold” rating by Brean Capital. On Monday, April 16 Brean Capital maintained TowneBank (NASDAQ:TOWN) with “Hold” rating. On Monday, April 23 the firm has “Hold” rating by Brean Capital given. On Friday, May 11 Brean Capital maintained the shares of TOWN in report with “Hold” rating. On Tuesday, January 30 Piper Jaffray maintained TowneBank (NASDAQ:TOWN) with “Hold” rating. On Thursday, April 26 the firm has “Outperform” rating by Raymond James given. On Thursday, January 25 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, January 2 the rating was maintained by Brean Capital with “Hold”.

TowneBank (NASDAQ:TOWN) Analyst Ratings Chart

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