News headlines about TowneBank (NASDAQ:TOWN) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TowneBank earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.4200961971455 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of TowneBank (NASDAQ:TOWN) traded up $0.55 during trading on Friday, hitting $29.05. The stock had a trading volume of 189,814 shares, compared to its average volume of 193,869. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market cap of $2,053.72, a price-to-earnings ratio of 20.60 and a beta of 0.98. TowneBank has a 12-month low of $28.35 and a 12-month high of $35.30.

TowneBank (NASDAQ:TOWN) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $109.14 million for the quarter, compared to analyst estimates of $108.16 million. TowneBank had a return on equity of 8.73% and a net margin of 17.77%. analysts expect that TowneBank will post 1.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. TowneBank’s dividend payout ratio (DPR) is presently 39.72%.

A number of brokerages have weighed in on TOWN. Brean Capital restated a “hold” rating on shares of TowneBank in a research note on Monday, February 5th. BidaskClub lowered TowneBank from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Sandler O’Neill reiterated a “hold” rating and set a $32.00 price objective on shares of TowneBank in a research report on Tuesday. Zacks Investment Research upgraded TowneBank from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price objective on shares of TowneBank in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.25.

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About TowneBank

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.

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