Keefe, Bruyette & Woods upgrades TowneBank to "Outperform" with a $40 price target and 25% upside potential. Keefe, Bruyette & Woods actualiza TowneBank a "Outperform" con un objetivo de precio de $40 y un potencial del 25% al alza.

TowneBank (NASDAQ:TOWN) has been upgraded to "Outperform" from "Market Perform" by Keefe, Bruyette & Woods, with a new price target of $40, indicating a potential 25.08% upside. TowneBank (NASDAQ:TOWN) ha sido actualizado a "Outperform" de "Market Perform" por Keefe, Bruyette & Woods, con un nuevo objetivo de precio de $40, lo que indica un potencial 25,08% de alza. The bank reported Q2 earnings of $0.57 EPS, exceeding estimates by $0.09, despite a 3.6% revenue decline year-over-year. El banco reportó ganancias de Q2 de $0.57 EPS, superando las estimaciones en $0.09, a pesar de una disminución de ingresos del 3,6% año tras año. Several institutional investors have adjusted their holdings in TowneBank, reflecting growing confidence in its future performance. Varios inversores institucionales han ajustado sus participaciones en TowneBank, lo que refleja una creciente confianza en sus futuros resultados.