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: $23.48
  • 50 Day Moving Average: $22.97
  • 200 Day Moving Average: $20.69
  • Trailing P/E Ratio: 22.32
  • Foreward P/E Ratio: 14.23
  • P/E Growth: 0.00
  • Market Cap: $1.45B
  • Outstanding Shares: 61,690,000
  • Beta: 0.91
Additional Links:
Companies Related to TowneBank:

Analyst Ratings

Consensus Ratings for TowneBank (NASDAQ:TOWN) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $24.00 (2.21% upside)

Analysts' Ratings History for TowneBank (NASDAQ:TOWN)
Show:
DateFirmActionRatingPrice TargetDetails
7/29/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$22.00 -> $24.00View Rating Details
(Data available from 8/24/2014 forward)

Earnings

Earnings History for TowneBank (NASDAQ:TOWN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/20/2016        
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: $1.18 EPS
Next Year EPS Consensus Estimate: $1.65 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:2.21%
Payout Ratio:49.52% (Based on Trailing 12 Months of Earnings)
44.07% (Based on Current Year Consensus EPS Estimate)
31.52% (Based on Next Year Consensus EPS Estimate)

Dividend History for TowneBank (NASDAQ:TOWN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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
publicnow.com logoTowneBank Announces Quarterly Cash Dividend (NASDAQ:TOWN)
www.publicnow.com - August 24 at 7:36 PM
News IconThe 2016 Richmond Power List: The Economy (NASDAQ:TOWN)
www.styleweekly.com - August 24 at 10:53 AM
News IconVirginia Beach Mayor Will Sessoms to kick-off reelection campaign (NASDAQ:TOWN)
wavy.com - August 24 at 10:53 AM
News IconTowneBank unlocks new downtown HQ (NASDAQ:TOWN)
richmondbizsense.com - August 23 at 12:24 PM
News IconRenovations inbound for West Main (NASDAQ:TOWN)
richmondbizsense.com - August 22 at 9:35 AM
News IconTowneBank moves regional headquarters to downtown Richmond (NASDAQ:TOWN)
www.richmond.com - August 21 at 6:52 PM
News IconTowneBank to sponsor OBX Seafood Festival (NASDAQ:TOWN)
www.obsentinel.com - August 17 at 10:49 AM
tradecalls.org logoKeefe Bruyette & Woods Maintains TowneBank to Market Perform with Price Target $24.00 (NASDAQ:TOWN)
www.tradecalls.org - August 9 at 8:12 PM
News IconVirginia to get nearly $7 million in funds for affordable housing (NASDAQ:TOWN)
www.virginiabusiness.com - August 9 at 11:14 AM
News IconPortsmouth Arts & Cultural Center celebrates First Friday with a free concert (NASDAQ:TOWN)
www.13newsnow.com - August 7 at 7:25 PM
capitalcube.com logoTowneBank :TOWN-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:TOWN)
www.capitalcube.com - August 5 at 8:04 PM
News IconBoat races, Lyle Lovett concert and beer festivals | Top 10 things to do this weekend (NASDAQ:TOWN)
www.dailypress.com - August 5 at 10:55 AM
News IconNational Mead Day now relevant here (NASDAQ:TOWN)
www.vagazette.com - August 3 at 11:09 AM
News IconDaredevils continue to roll (NASDAQ:TOWN)
www.obsentinel.com - August 3 at 11:09 AM
News IconD.C. nonprofit expands into Henrico (NASDAQ:TOWN)
richmondbizsense.com - July 29 at 8:06 PM
News IconOpportunities and drawbacks (NASDAQ:TOWN)
www.virginiabusiness.com - July 29 at 8:06 PM
reuters.com logoBRIEF-Townebank Q2 earnings per share $0.12 (NASDAQ:TOWN)
www.reuters.com - July 29 at 8:06 PM
seekingalpha.com logoTowneBank: A Debt-Free Cash Cow On Sale (NASDAQ:TOWN)
seekingalpha.com - July 29 at 8:06 PM
sg.finance.yahoo.com logoTowneBank posts 2Q profit (NASDAQ:TOWN)
sg.finance.yahoo.com - July 28 at 1:17 PM
publicnow.com logoTowneBank Reports Second Quarter Earnings (NASDAQ:TOWN)
www.publicnow.com - July 28 at 9:18 AM
News IconHigher Achievement ribbon cutting at Wilder Middle School on Tuesday (NASDAQ:TOWN)
rvanews.com - July 27 at 10:59 AM
News IconInvestment group acquires nine-building portfolio in Newport News (NASDAQ:TOWN)
www.virginiabusiness.com - July 27 at 10:59 AM
News IconWoman diagnosed with ALS receives support (NASDAQ:TOWN)
www.suffolknewsherald.com - July 27 at 10:59 AM
News IconSurging Daredevils take two (NASDAQ:TOWN)
www.obsentinel.com - July 27 at 10:59 AM
News IconVideo: Six-run first pushes Daredevils past Drillers (NASDAQ:TOWN)
outerbanksvoice.com - July 27 at 10:59 AM
News IconPortsmouth woman diagnosed with ALS in April tackles her bucket list by jumping out of a plane (NASDAQ:TOWN)
pilotonline.com - July 24 at 7:20 PM
News IconTwist of fate: Woman who raised money to fight ALS now has disease (NASDAQ:TOWN)
pilotonline.com - July 21 at 8:13 PM
News IconLocal investors acquire City Center for $64 million (NASDAQ:TOWN)
www.virginiabusiness.com - July 20 at 10:45 AM
News IconTwo easy wins and a tough loss for Daredevils (NASDAQ:TOWN)
www.obsentinel.com - July 20 at 10:45 AM
News IconLocal group investing $64 million into City Center at Oyster Point (NASDAQ:TOWN)
wtkr.com - July 15 at 6:50 PM
News IconPeople changes | Paul D. Camp Community College picks president (NASDAQ:TOWN)
pilotonline.com - July 9 at 10:49 AM
News IconTwo Civil War Trail interpretive markers to be dedicated in Newport News (NASDAQ:TOWN)
wtkr.com - July 7 at 7:55 PM
thestreet.com logoValue Portfolio Performs Well Amid Brexit Turmoil (NASDAQ:TOWN)
realmoney.thestreet.com - July 5 at 3:00 PM
News IconTowne, Monarch complete merger (NASDAQ:TOWN)
www.suffolknewsherald.com - July 1 at 7:52 PM
capitalcube.com logoTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : July 1, 2016 (NASDAQ:TOWN)
www.capitalcube.com - July 1 at 8:32 AM
News IconOBX Daredevils take both contests last week (NASDAQ:TOWN)
www.obsentinel.com - June 29 at 7:47 PM
4-traders.com logoTOWNEBANK : ex-dividend day (NASDAQ:TOWN)
www.4-traders.com - June 29 at 7:47 PM
News IconDollar Bank merges with Bank @lantec, throws $7.4 billion hat in regional banking ring (NASDAQ:TOWN)
pilotonline.com - June 29 at 7:47 PM
News IconExpert column: Associations are conduits for collaboration (NASDAQ:TOWN)
pilotonline.com - June 28 at 7:45 PM
News IconRegional bank opens renovated branch in the West End (NASDAQ:TOWN)
richmondbizsense.com - June 28 at 7:45 PM
4-traders.com logoTowneBank : Completes Merger With Monarch Financial Holdings, Inc. (NASDAQ:TOWN)
www.4-traders.com - June 28 at 7:45 PM
finance.yahoo.com logoTowneBank Completes Merger With Monarch Financial Holdings, Inc. (NASDAQ:TOWN)
finance.yahoo.com - June 27 at 9:00 AM
4-traders.com logoTowneBank : STOCKHOLDERS APPROVE TOWNEBANK MERGER WITH MONARCH FINANCIAL HOLDINGS, INC. AND MONARCH BANK (NASDAQ:TOWN)
www.4-traders.com - June 23 at 10:26 AM
News IconTowneBank-Monarch merger expected to close Friday (NASDAQ:TOWN)
www.dailypress.com - June 23 at 10:26 AM
News IconLEAD Historic Triangle Class of 2017 (NASDAQ:TOWN)
www.vagazette.com - June 22 at 7:47 PM
News IconBanking & Finance Roundup: PNC declares Hampton Roads "experiment" a success (NASDAQ:TOWN)
pilotonline.com - June 22 at 7:47 PM
News IconDaredevils take two out of three (NASDAQ:TOWN)
www.obsentinel.com - June 22 at 7:47 PM
finance.yahoo.com logoStockholders Approve TowneBank Merger With Monarch Bank and Monarch Financial Holdings, Inc. (NASDAQ:TOWN)
finance.yahoo.com - June 21 at 7:20 PM
capitalcube.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : June 20, 2016 (NASDAQ:TOWN)
www.capitalcube.com - June 20 at 8:27 AM
News IconTowneBank promotes three (NASDAQ:TOWN)
www.suffolknewsherald.com - June 17 at 10:31 AM

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TowneBank (NASDAQ:TOWN) Chart for Wednesday, August, 24, 2016


Last Updated on 8/24/2016 by MarketBeat.com Staff