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TowneBank resumed with an Outperform at Raymond James
The Fly

TowneBank resumed with an Outperform at Raymond James

Raymond James analyst Steve Moss resumed coverage of TowneBank with an Outperform rating and $34 price target. In a difficult rate environment, the bank has a number of attributes that should serve it well including a liquid balance sheet, strong core deposit base, capital base, and high fee income, which should support continued strong profitability and its premium valuation, the analyst tells investors in a research note.

Published first on TheFly

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