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TowneBank (TOWN) Is Down -7.47% in 2022 With Lots of Room to Run

TowneBank (NASDAQ: TOWN) is -7.47% lower on its value in year-to-date trading and has touched a low of $26.18 and a high of $34.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TOWN stock was last observed hovering at around $28.94 in the last trading session, with the day’s gains setting it 0.29%.

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Currently trading at $29.23, the stock is 5.14% and 3.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 1.00% at the moment leaves the stock -3.78% off its SMA200. TOWN registered -1.75% loss for a year compared to 6-month loss of -10.25%.

The stock witnessed a 4.06% gain in the last 1 month and extending the period to 3 months gives it a 4.28%, and is 2.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 2.35% over the month.

TowneBank (TOWN) has around 2617 employees, a market worth around $2.14B and $439.50M in sales. Current P/E ratio is 11.05 and Fwd P/E is 10.37. Profit margin for the company is 51.30%. Distance from 52-week low is 11.65% and -15.98% from its 52-week high. The company has generated returns on investments over the last 12 months (17.00%).

TowneBank is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 47.70% this year.

TowneBank (TOWN) Top Institutional Holders

The shares outstanding are 72.53M, and float is at 66.94M with Short Float at 1.57%.

TowneBank (TOWN): Who are the competitors?

The company’s main competitors (and peers) include Bank of the James Financial Group Inc. (BOTJ) that is trading -18.46% down over the past 12 months and First Community Bankshares Inc. (FCBC) that is 11.10% higher over the same period. Old Point Financial Corporation (OPOF) is 4.53% up on the 1-year trading charts.

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