The current average analyst rating on the shares is buy, with 2 strong buy or buy ratings, 2 hold ratings and no sell or strong sell ratings.
The median 12-month price target is $39.00, about 8.1% above the July 22 closing price of $36.09.
The stock recently traded at 11 times next 12-month earnings, versus a P/E of 9 three months ago.
Outlook and strategic priorities
Company expects net interest income to be impacted by $6.56 million accretion income in the remainder of 2026.
TowneBank said it remains focused on expanding its insurance business through organic growth and acquisitions, and highlighted strategic growth initiatives in the Carolinas as a priority.
Q2 results boosted by asset sale
TowneBank said second-quarter revenue more than doubled and beat analyst expectations, while adjusted earnings per share slightly missed consensus.
The results were boosted by a $198.55 million gain from the sale of its Resort Property Management segment.
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