NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $26.75 as of 9:32 a.m. ET, 31.3% above Monday's closing price of $20.37. Volume is at 71,573, 2.7 times the daily average of 26,700.
Tower has a market cap of $243.1 million and is part of the
industry. Shares are down 7.6% year to date as of the close of trading on Monday.
Tower Bancorp, Inc. operates as the holding company for Graystone Tower Bank that provides a range of financial products and services to consumers, businesses, and not-for-profit customers. The company primarily engages in generating deposits and originating loans.
TheStreet Ratings rates Tower as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
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