$0.44 EPS Expected for TowneBank (TOWN); Triangle Capital (TCAP) Shorts Increased By 30.39%

April 16, 2018 - By Winifred Garcia

Triangle Capital Corporation (NYSE:TCAP) Logo

Triangle Capital Corporation (NYSE:TCAP) had an increase of 30.39% in short interest. TCAP’s SI was 1.18 million shares in April as released by FINRA. Its up 30.39% from 904,700 shares previously. With 519,500 avg volume, 2 days are for Triangle Capital Corporation (NYSE:TCAP)’s short sellers to cover TCAP’s short positions. The SI to Triangle Capital Corporation’s float is 2.58%. It closed at $11.72 lastly. It is down 40.39% since April 16, 2017 and is downtrending. It has underperformed by 51.94% the S&P500.

Analysts expect TowneBank (NASDAQ:TOWN) to report $0.44 EPS on April, 26.They anticipate $0.09 EPS change or 25.71% from last quarter’s $0.35 EPS. TOWN’s profit would be $31.71M giving it 16.25 P/E if the $0.44 EPS is correct. After having $0.37 EPS previously, TowneBank’s analysts see 18.92% EPS growth. The stock decreased 1.04% or $0.3 during the last trading session, reaching $28.6. About 63,901 shares traded. TowneBank (NASDAQ:TOWN) has declined 9.71% since April 16, 2017 and is downtrending. It has underperformed by 21.26% the S&P500.

Among 6 analysts covering Towne Bank (NASDAQ:TOWN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Towne Bank had 21 analyst reports since August 24, 2015 according to SRatingsIntel. On Monday, August 24 the stock rating was initiated by Bruyette & Woods” with “Mkt Perform”. The stock of TowneBank (NASDAQ:TOWN) has “Hold” rating given on Thursday, February 1 by Sandler O’Neill. The stock of TowneBank (NASDAQ:TOWN) has “Hold” rating given on Tuesday, October 31 by Piper Jaffray. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, January 25. The stock of TowneBank (NASDAQ:TOWN) has “Hold” rating given on Tuesday, January 2 by Brean Capital. The firm earned “Hold” rating on Friday, January 26 by Brean Capital. Brean Capital maintained the shares of TOWN in report on Thursday, April 5 with “Hold” rating. As per Monday, February 5, the company rating was maintained by Brean Capital. The firm has “Hold” rating given on Tuesday, November 29 by Sandler O’Neill. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods.

TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company has market cap of $2.06 billion. The firm operates in three divisions: Banking, Realty, and Insurance. It has a 20.28 P/E ratio. It accepts various deposits products, including demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts.

Triangle Capital Corporation is a business development firm specializing in private equity and mezzanine investments. The company has market cap of $562.85 million. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It currently has negative earnings. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others.

Triangle Capital Corporation (NYSE:TCAP) Institutional Positions Chart

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