TowneBank Company Profile (NASDAQ:TOWN)

About TowneBank

TowneBank logoTowneBank 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: $33.05
  • 50 Day Moving Average: $32.48
  • 200 Day Moving Average: $28.01
  • 52-Week Range: $16.90 - $34.55
  • Trailing P/E Ratio: 28.01
  • Foreward P/E Ratio: 16.95
  • P/E Growth: 0.00
  • Market Cap: $2.04B
  • Outstanding Shares: 61,799,000
  • Beta: 0.98
Profitability:
  • Net Margins: 16.41%
Additional Links:
Companies Related to TowneBank:

Analyst Ratings

Consensus Ratings for TowneBank (NASDAQ:TOWN) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $24.00 (27.38% downside)

Analysts' Ratings History for TowneBank (NASDAQ:TOWN)
Show:
DateFirmActionRatingPrice TargetDetails
11/29/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
7/29/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$22.00 -> $24.00View Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for TowneBank (NASDAQ:TOWN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
7/28/2016Q2$0.35$0.36ViewN/AView Earnings Details
4/28/2016Q1$0.29$0.35ViewN/AView Earnings Details
1/29/2016Q4$0.30$0.24ViewN/AView Earnings Details
10/23/2015Q3$0.32$0.34$72.20 millionViewN/AView Earnings Details
7/21/2015Q2$0.35ViewN/AView Earnings Details
10/23/2014Q314$0.34ViewN/AView Earnings Details
7/23/2014Q214$0.33ViewN/AView Earnings Details
4/24/2014Q114$0.31ViewN/AView Earnings Details
2/4/2014Q4$0.27ViewN/AView Earnings Details
10/25/2013Q313$0.28ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TowneBank (NASDAQ:TOWN)
Current Year EPS Consensus Estimate: $1.65 EPS
Next Year EPS Consensus Estimate: $1.95 EPS
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:1.57%
Payout Ratio:44.44% (Based on Trailing 12 Months of Earnings)
31.52% (Based on Current Year Consensus EPS Estimate)
26.67% (Based on Next Year Consensus EPS Estimate)

Dividend History for TowneBank (NASDAQ:TOWN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/25/2016Quarterly$0.1312/28/201612/30/20161/12/2017
8/25/2016Quarterly$0.139/28/20169/30/201610/12/2016
5/19/2016Quarterly$0.136/28/20166/30/20167/12/2016
2/25/2016Quarterly$0.123/28/20163/30/20164/12/2016
11/27/2015Quarterly$0.1212/28/201512/30/20151/12/2016
8/26/2015$0.129/28/20159/30/201510/9/2015
5/21/2015quarterly$0.123%6/26/20156/30/20157/10/2015
3/2/2015quarterly$0.112.83%3/26/20153/30/20154/10/2015
12/2/2014quarterly$0.112.96%12/26/201412/30/20141/12/2015
8/28/2014quarterly$0.113%9/24/20149/26/201410/10/2014
5/21/2014quarterly$0.112.84%6/25/20146/27/20147/11/2014
2/26/2014quarterly$0.102.69%3/26/20143/28/20144/11/2014
11/27/2013quarterly$0.102.63%12/27/201312/31/20131/10/2014
8/29/2013quarterly$0.102.79%9/25/20139/27/201310/11/2013
(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
News Icon2017 Health Care Heroes | Senior Services of Southeastern Virginia, innovations in health care (NASDAQ:TOWN)
pilotonline.com - February 16 at 8:09 PM
capitalcube.com logoTowneBank : TOWN-US: Dividend Analysis : December 30th, 2016 (record date) : By the numbers : February 16, 2017 (NASDAQ:TOWN)
www.capitalcube.com - February 16 at 8:09 PM
News IconPeople Express loan documents heighten state concerns (NASDAQ:TOWN)
www.dailypress.com - February 14 at 6:36 AM
News IconMASSIE, RICHARD MURRAY (NASDAQ:TOWN)
www.richmond.com - February 11 at 5:52 AM
News IconHoen promoted at TowneBank (NASDAQ:TOWN)
www.suffolknewsherald.com - February 11 at 5:52 AM
News IconDancing with the Williamsburg Stars unveils 2017 competitors (NASDAQ:TOWN)
wydaily.com - February 9 at 6:13 AM
News IconPeninsula Airport Commission: $1,300 to see People Express records (NASDAQ:TOWN)
www.dailypress.com - February 9 at 6:13 AM
News IconEditorial: Stop taking us for a ride (NASDAQ:TOWN)
www.dailypress.com - February 5 at 2:47 AM
capitalcube.com logoETFs with exposure to TowneBank : February 2, 2017 (NASDAQ:TOWN)
www.capitalcube.com - February 3 at 6:18 AM
News IconEditorial: Taxpayer-funded safety net for People Express will lead to closer scrutiny for airport commission (NASDAQ:TOWN)
www.dailypress.com - February 2 at 6:08 AM
News IconChanges in Outer Banks Marathon will enable more to participate (NASDAQ:TOWN)
www.obsentinel.com - February 1 at 6:59 AM
capitalcube.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : January 31, 2017 (NASDAQ:TOWN)
www.capitalcube.com - February 1 at 6:59 AM
capitalcube.com logoTowneBank :TOWN-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NASDAQ:TOWN)
www.capitalcube.com - February 1 at 6:59 AM
News IconTowneBank promotes pair to presidencies (NASDAQ:TOWN)
pilotonline.com - January 31 at 5:28 AM
capitalcube.com logoTowneBank :TOWN-US: Earnings Analysis: Q4, 2016 By the Numbers : January 30, 2017 (NASDAQ:TOWN)
www.capitalcube.com - January 31 at 5:28 AM
News IconState officials say airport violated 30-year-old policy in guaranteeing loan for People Express (NASDAQ:TOWN)
www.dailypress.com - January 30 at 10:56 AM
News IconPeople Express bills mount higher (NASDAQ:TOWN)
www.dailypress.com - January 29 at 10:59 PM
4-traders.com logoTowneBank : People Express bills mount higher (NASDAQ:TOWN)
www.4-traders.com - January 29 at 10:59 PM
4-traders.com logoTowneBank : State cuts funding to airport in response to People Express loan (NASDAQ:TOWN)
www.4-traders.com - January 28 at 7:06 AM
News IconOfficial: Funds cut from Peninsula Airport Commission for unauthorized use (NASDAQ:TOWN)
wavy.com - January 28 at 7:06 AM
News IconState funding suspended for Newport News/Williamsburg airport after funds misused (NASDAQ:TOWN)
wtkr.com - January 28 at 7:06 AM
News IconState cuts funding to airport in response to People Express loan (NASDAQ:TOWN)
www.dailypress.com - January 28 at 7:06 AM
News IconTowneBank customers deposited $6 billion with the bank in 2016 (NASDAQ:TOWN)
pilotonline.com - January 28 at 7:06 AM
finance.yahoo.com logoTowneBank Reports Full Year and Fourth Quarter Financial Results for 2016 (NASDAQ:TOWN)
finance.yahoo.com - January 27 at 6:17 AM
finance.yahoo.com logo8:36 am Towne Bank reports Q4 EPS in line with estimates (NASDAQ:TOWN)
finance.yahoo.com - January 27 at 6:17 AM
News IconLocal builders pick up stalled Henrico homes (NASDAQ:TOWN)
richmondbizsense.com - January 25 at 7:29 AM
News IconFirst Person | Buffy Barefoot loves making difference in community through banking (NASDAQ:TOWN)
pilotonline.com - January 22 at 1:03 AM
capitalcube.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : January 18, 2017 (NASDAQ:TOWN)
www.capitalcube.com - January 19 at 5:28 AM
News IconTowneBank names four regional executives (NASDAQ:TOWN)
www.virginiabusiness.com - January 13 at 1:54 AM
News IconTowneBank employees pitch in for Surfing for Autism (NASDAQ:TOWN)
outerbanksvoice.com - January 10 at 2:28 AM
News IconGeorge Whitley joins TowneBank family (NASDAQ:TOWN)
pilotonline.com - January 7 at 6:06 AM
News IconVirginia RAD Deal Closes Financing (NASDAQ:TOWN)
www.housingfinance.com - January 5 at 7:11 AM
News IconGraphic graffiti painted on side of gym in Ghent (NASDAQ:TOWN)
www.13newsnow.com - January 5 at 7:11 AM
News IconRichmond lawyer joins TowneBank to help navigate regulatory waters as bank grows (NASDAQ:TOWN)
www.richmond.com - January 4 at 7:12 AM
News IconTowneBank names chief legal officer (NASDAQ:TOWN)
www.virginiabusiness.com - January 4 at 7:12 AM
News IconLongtime Richmond banking lawyer jumps in-house (NASDAQ:TOWN)
richmondbizsense.com - January 4 at 7:12 AM
News IconCowboys Uncorked Lassos Support for Dream Catchers (NASDAQ:TOWN)
www.vagazette.com - December 30 at 1:16 AM
News Icon2016 Banking Recap: M&A steals the show (NASDAQ:TOWN)
richmondbizsense.com - December 28 at 8:47 AM
nasdaq.com logoEx-Dividend Reminder: TowneBank, Apple Hospitality REIT and Umpqua Holdings (NASDAQ:TOWN)
www.nasdaq.com - December 28 at 8:47 AM
News IconMcManus is chamber Volunteer of the Year (NASDAQ:TOWN)
www.obsentinel.com - December 21 at 2:11 AM
News Icon2016 top stories | 9. Banks (NASDAQ:TOWN)
pilotonline.com - December 20 at 4:05 PM
News IconThe ‘Trump bump’: Local bank stocks feel the post-election love (NASDAQ:TOWN)
richmondbizsense.com - December 19 at 9:02 AM
News IconHampton University Professor Serves as Judge for State Wide Small Business Start Up Competition (NASDAQ:TOWN)
news.hamptonu.edu - December 18 at 3:10 AM
News IconAll those toys you donated for Christmas? Thanks, and here's where they're going (NASDAQ:TOWN)
pilotonline.com - December 18 at 3:09 AM
News IconDee McManus honored as Chamber Volunteer of the Year (NASDAQ:TOWN)
outerbanksvoice.com - December 16 at 6:01 AM
capitalcube.com logoETFs with exposure to TowneBank : December 14, 2016 (NASDAQ:TOWN)
www.capitalcube.com - December 15 at 6:46 AM
News IconShould You Buy TowneBank (TOWN)? (NASDAQ:TOWN)
feedproxy.google.com - December 14 at 9:51 AM
News Icon4 millennials share how they are making a mark in Hampton Roads (NASDAQ:TOWN)
pilotonline.com - December 7 at 8:06 PM
News IconFour millennials share how they are making a mark in Hampton Roads (NASDAQ:TOWN)
pilotonline.com - December 6 at 7:50 PM
thestreet.com logoHow to Manage This Portfolio: Don't (NASDAQ:TOWN)
realmoney.thestreet.com - December 5 at 3:34 PM

Social

What is TowneBank's stock symbol?

TowneBank trades on the NASDAQ under the ticker symbol "TOWN."

How often does TowneBank pay dividends? What is the dividend yield for TowneBank?

TowneBank declared a quarterly dividend on Friday, November 25th. Shareholders of record on Friday, December 30th will be given a dividend of $0.13 per share on Thursday, January 12th. This represents a $0.52 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, December 28th.

Where is TowneBank's stock going? Where will TowneBank's stock price be in 2017?

2 analysts have issued 12 month target prices for TowneBank's stock. Their forecasts range from $24.00 to $24.00. On average, they expect TowneBank's share price to reach $24.00 in the next twelve months.

When will TowneBank announce their earnings?

TowneBank is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

How do I buy TowneBank stock?

Shares of TowneBank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of TowneBank stock cost?

One share of TowneBank stock can currently be purchased for approximately $33.05.

TowneBank (NASDAQ:TOWN) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for TowneBank (NASDAQ:TOWN)

Earnings History Chart

Earnings by Quarter for TowneBank (NASDAQ:TOWN)

Dividend History Chart

Dividend Payments by Quarter for TowneBank (NASDAQ:TOWN)

Last Updated on 2/20/2017 by MarketBeat.com Staff