TowneBank Company Profile (NASDAQ:TOWN)

Analyst Ratings

Consensus Ratings for TowneBank (NASDAQ:TOWN) (?)
Ratings Breakdown: 1 Hold Rating(s)
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $20.00 (12.32% downside)

Analysts' Ratings History for TowneBank (NASDAQ:TOWN)
Show:
DateFirmActionRatingPrice TargetActions
2/3/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$22.00 -> $20.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/26/2014 forward)

Earnings

Earnings History for TowneBank (NASDAQ:TOWN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/25/2016        
4/28/2016Q1$0.29$0.35ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2016Q4$0.30$0.24ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/23/2015Q3$0.32$0.34$72.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015Q2$0.35ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/23/2014Q314$0.34ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/23/2014Q214$0.33ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/24/2014Q114$0.31ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/4/2014Q4$0.27ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/25/2013Q313$0.28ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TowneBank (NASDAQ:TOWN)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20161$0.36$0.36$0.36
Q4 20161$0.34$0.34$0.34
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for TowneBank (NASDAQ:TOWN)
Annual Dividend:$0.52
Dividend Yield:2.28%
Payout Ratio:40.63% (Based on Trailing 12 Months of Earnings)

Dividend History for TowneBank (NASDAQ:TOWN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
5/19/2016Quarterly$0.136/28/20166/30/20167/12/2016Tweet This Announcement  Share This Announcement on StockTwits
2/25/2016Quarterly$0.123/28/20163/30/20164/12/2016Tweet This Announcement  Share This Announcement on StockTwits
11/27/2015Quarterly$0.1212/28/201512/30/20151/12/2016Tweet This Announcement  Share This Announcement on StockTwits
8/26/2015$0.129/28/20159/30/201510/9/2015Tweet This Announcement  Share This Announcement on StockTwits
5/21/2015quarterly$0.123%6/26/20156/30/20157/10/2015Tweet This Announcement  Share This Announcement on StockTwits
3/2/2015quarterly$0.112.83%3/26/20153/30/20154/10/2015Tweet This Announcement  Share This Announcement on StockTwits
12/2/2014quarterly$0.112.96%12/26/201412/30/20141/12/2015Tweet This Announcement  Share This Announcement on StockTwits
8/28/2014quarterly$0.113%9/24/20149/26/201410/10/2014Tweet This Announcement  Share This Announcement on StockTwits
5/21/2014quarterly$0.112.84%6/25/20146/27/20147/11/2014Tweet This Announcement  Share This Announcement on StockTwits
2/26/2014quarterly$0.102.69%3/26/20143/28/20144/11/2014Tweet This Announcement  Share This Announcement on StockTwits
11/27/2013quarterly$0.102.63%12/27/201312/31/20131/10/2014Tweet This Announcement  Share This Announcement on StockTwits
8/29/2013quarterly$0.102.79%9/25/20139/27/201310/11/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for TowneBank (NASDAQ:TOWN)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for TowneBank (NASDAQ:TOWN)
DateHeadline
07/24/16 06:20 PMPortsmouth woman diagnosed with ALS in April tackles her bucket list by jumping out of a plane
07/21/16 07:13 PMTwist of fate: Woman who raised money to fight ALS now has disease
07/20/16 09:45 AMLocal investors acquire City Center for $64 million
07/20/16 09:45 AMTwo easy wins and a tough loss for Daredevils
07/15/16 05:50 PMLocal group investing $64 million into City Center at Oyster Point
07/09/16 09:49 AMPeople changes | Paul D. Camp Community College picks president
07/07/16 06:55 PMTwo Civil War Trail interpretive markers to be dedicated in Newport News
07/05/16 02:00 PMValue Portfolio Performs Well Amid Brexit Turmoil -
07/01/16 06:52 PMTowne, Monarch complete merger
07/01/16 07:32 AMTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : July 1, 2016 -
06/29/16 06:47 PMOBX Daredevils take both contests last week
06/29/16 06:47 PMTOWNEBANK : ex-dividend day
06/29/16 06:47 PMDollar Bank merges with Bank @lantec, throws $7.4 billion hat in regional banking ring
06/28/16 06:45 PMExpert column: Associations are conduits for collaboration
06/28/16 06:45 PMRegional bank opens renovated branch in the West End
06/28/16 06:45 PMTowneBank : Completes Merger With Monarch Financial Holdings, Inc.
06/27/16 08:00 AMTowneBank Completes Merger With Monarch Financial Holdings, Inc. - [GlobeNewswire] - SUFFOLK, Va., June 27, 2016-- Hampton Roads based TowneBank announced that, at the close of business on June 24, 2016, it completed the previously announced merger with Monarch Financial Holdings, Inc. ...
06/23/16 09:26 AMTowneBank : STOCKHOLDERS APPROVE TOWNEBANK MERGER WITH MONARCH FINANCIAL HOLDINGS, INC. AND MONARCH BANK
06/23/16 09:26 AMTowneBank-Monarch merger expected to close Friday
06/22/16 06:47 PMLEAD Historic Triangle Class of 2017
06/22/16 06:47 PMBanking & Finance Roundup: PNC declares Hampton Roads "experiment" a success
06/22/16 06:47 PMDaredevils take two out of three
06/21/16 06:20 PMStockholders Approve TowneBank Merger With Monarch Bank and Monarch Financial Holdings, Inc.
06/20/16 07:27 AMTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : June 20, 2016 -
06/17/16 09:31 AMTowneBank promotes three
06/16/16 07:02 PMBeth’s bucket list: ALS advocate now diagnosed with deadly disease
06/16/16 11:20 AMFind out who's running for Virginia Beach mayor and City Council
06/16/16 11:20 AMNew Market Research Report: TowneBank (TOWN) : Company Profile and SWOT Analysis
06/12/16 06:57 PMWas LA Pride festival targeted?
06/09/16 09:57 AMMan records himself robbing a bank and posts video on Instagram
06/09/16 09:57 AMPGA lines up more local sponsors for CCV event
06/06/16 07:01 PMMan who posted Va. Beach bank robbery on Instagram gets 2 years in prison
06/06/16 07:01 PMInstagram bank robber sentenced to nearly 3 years in jail
06/06/16 07:01 PMTowneBank : Man who robbed Virginia Beach bank and posted demand note online is sentenced to nearly 3 years in prison
06/04/16 10:01 AMMore than money: Bob Aston and Brad Schwartz on the TowneBank-Monarch Bank merger
06/03/16 09:53 AM"R.K" Kowalewitch wants to run against Virginia Beach Mayor Will Sessoms - again
05/31/16 07:16 PMPeninsula consumers win with banking competition - Old Point is seizing the opportunity to attract more business and individual customers with recent disruptions in the market — most recently with Suffolk-based TowneBank's announced acquisition of Chesapeake-based Monarch Bank, which will result in some ...
05/31/16 07:16 PMFormer MLB star Cuddyer to inaugurate new Daredevils season - That Monday June 6 game, at TowneBank OBX Park in Kill Devil Hills, begins at 7:05. Gates open at 6:00. There will be a brief meet-and-greet opportunity for the fans to meet Cuddyer and get an autograph or picture with the former MLB slugger. Concessions ...
05/27/16 08:38 AMHard Hat Happy Hour: It’s a sellout - Special thanks to the sponsors of the series, including presenting sponsor Sands Anderson, Keiter, TowneBank, Timmons Group, Safe Harbor Title, S.B. Cox and Postbellum.
05/26/16 12:38 PMTowneBank(NASDAQ:TOWN) Declares Dividend of $0.1300. - Trade Calls - TowneBank(NASDAQ:TOWN) Declares Dividend of $0.1300.Trade CallsTowneBank (NASDAQ:TOWN) had declared a cash dividend of $0.1300 on May 18, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed on Jun 30, 2016. At May 18, 2016 share price, the yield comes out to be ...
05/03/16 11:27 AMTowneBank :TOWN-US: Earnings Analysis: Q1, 2016 By the Numbers -
04/28/16 03:14 PMTowneBank posts 1Q profit -
04/28/16 07:31 AMTowneBank Reports Record First Quarter Earnings - [at noodls] - SUFFOLK, Va., April 28, 2016 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (the 'Bank') (NASDAQ:TOWN) reported record earnings of $17.82 million for the quarter ended March 31, 2016, a 22.57% increase, ...
03/14/16 07:19 AMTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : March 14, 2016 -
02/26/16 12:48 PMBanking and finance roundup: Chartway announces new board; Old Point releases 2015 results - She also has been a member of the board since 2006, including a term as chairman from 2010 to 2013. TowneBank has promoted John Garrett to assistant vice president. Garrett is a commercial portfolio manager based in Norfolk. Garrett has been with TowneBank ...
02/24/16 01:39 PMTowneBank Announces Quarterly Cash Dividend and Annual Shareholder Meeting Date - [GlobeNewswire] - SUFFOLK, Va., Feb. 24, 2016-- Hampton Roads based TowneBank announced today that its Board of Directors on February 24, 2016 declared its first-quarter shareholder cash dividend of $0.12 per common share ...
02/07/16 01:36 PMBarron's Picks And Pans: Kinder Morgan, Gilead Sciences And More - Though they have been ailing along with other biotech stocks, these two could rally over the next year. David Englander's "TowneBank and Seacoast: Small Banks With Big Potential" makes the case that the stocks of TowneBank (NASDAQ: TOWN) and Seacoast ...
02/07/16 01:36 PMBanking and finance region roundup: Before they get hitched, TowneBank and Monarch post record numbers - TowneBank reported record earnings for 2015. Earnings for 2015 were $62.38 million, which represents a 47.93 percent increase over last year’s $47.13 million. According to Chairman and CEO G. Robert Aston Jr., TowneBank has announced record annual ...
02/07/16 01:36 PMTowneBank and Seacoast: Small Banks With Big Potential - Worries over slowing growth and a prolonged period of low interest rates have hit bank stocks hard recently. The KBW Regional Banking index, a standout in a rough 2015, is down 11% this year. While investor concerns about the banking environment aren’t ...
02/04/16 11:03 AMTowne Bank (TOWN) is Oversold: Can It Recover? -

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About TowneBank

TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides property and casualty insurance, as well as employee and group benefits. The Bank provides checking accounts, cards, savings, money markets and certificate of deposits (CDs), mobile banking, financial management software, private banking and switch kit. The Bank also offers auto loans, home equity loans, construction loans, lot loans, recreational vehicles, mortgage loans, land acquisition loans, construction loans, development Loans, and personal loans and lines of credit.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Mid-Atlantic Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: TOWN
  • CUSIP: 89214P10
Key Metrics:
  • Previous Close: $22.81
  • 50 Day Moving Average: $22.10
  • 200 Day Moving Average: $20.07
  • P/E Ratio: 17.86
  • P/E Growth: 0.00
  • Market Cap: $1.17B
  • Beta: 0.91
Additional Links:
TowneBank (NASDAQ:TOWN) Chart for Tuesday, July, 26, 2016