TowneBank (NASDAQ:TOWN) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research note issued on Tuesday, The Fly reports.
TowneBank (NASDAQ:TOWN) opened at 31.30 on Tuesday. TowneBank has a 12-month low of $16.50 and a 12-month high of $32.15. The stock has a 50 day moving average of $26.68 and a 200-day moving average of $23.70. The company has a market cap of $1.93 billion, a PE ratio of 28.12 and a beta of 0.88.
TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance.