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
- Symbol: NASDAQ:TOWN
- CUSIP: 89214P10
- Web: www.townebankonline.com
- Market Cap: $1.83 billion
- Outstanding Shares: 61,878,000
- 50 Day Moving Avg: $31.46
- 200 Day Moving Avg: $31.96
- 52 Week Range: $20.10 - $34.55
Sales & Book Value:
- Trailing P/E Ratio: 24.87
- Foreward P/E Ratio: 14.73
- P/E Growth: 0.00
- Annual Revenue: $392.36 million
- Price / Sales: 4.67
- Book Value: $17.61 per share
- Price / Book: 1.68
- Annual Dividend: $0.52
- Dividend Yield: 1.8%
- Average Volume: 174,445 shs.
- Beta: 0.98
- Short Ratio: 8.12
Frequently Asked Questions for TowneBank (NASDAQ:TOWN)
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 announced a quarterly dividend on Thursday, May 25th. Stockholders of record on Friday, June 30th will be given a dividend of $0.14 per share on Wednesday, July 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, June 28th. This is an increase from TowneBank's previous quarterly dividend of $0.13. View TowneBank's Dividend History.
How were TowneBank's earnings last quarter?
TowneBank (NASDAQ:TOWN) released its earnings results on Thursday, April, 27th. The company reported $0.35 EPS for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.02. The firm earned $105.17 million during the quarter, compared to analyst estimates of $107.55 million. View TowneBank's Earnings History.
When will TowneBank make its next earnings announcement?
Where is TowneBank's stock going? Where will TowneBank's stock price be in 2017?
3 brokers have issued 12-month target prices for TowneBank's stock. Their forecasts range from $24.00 to $31.00. On average, they anticipate TowneBank's stock price to reach $27.50 in the next twelve months. View Analyst Ratings for TowneBank.
Who are some of TowneBank's key competitors?
Some companies that are related to TowneBank include BankUnited (BKU), South State (SSB), Eagle Bancorp (EGBN), United Community Banks (UCBI), Banner (BANR), BNC Bancorp (BNCN), WesBanco (WSBC), Ameris Bancorp (ABCB), Union Bankshares Corp (UBSH), WSFS Financial (WSFS), City Holding Company (CHCO), Southside Bancshares (SBSI), Sandy Spring Bancorp (SASR), Seacoast Banking Co. of Florida (SBCF), Guaranty Bancorp (GBNK), First Bancorp (FBNC), Bryn Mawr Bank Corp. (BMTC) and Access National (ANCX).
Who owns TowneBank stock?
TowneBank's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.03%), BlackRock Inc. (5.72%), Dimensional Fund Advisors LP (2.76%), FMR LLC (2.25%), State Street Corp (1.71%) and Renaissance Technologies LLC (1.14%). View Institutional Ownership Trends for TowneBank.
Who sold TowneBank stock? Who is selling TowneBank stock?
TowneBank's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp DE, State Board of Administration of Florida Retirement System, Wells Fargo & Company MN, Wilbanks Smith & Thomas Asset Management LLC and Ameriprise Financial Inc.. View Insider Buying and Selling for TowneBank.
Who bought TowneBank stock? Who is buying TowneBank stock?
TowneBank's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Raymond James Financial Services Advisors Inc., Renaissance Technologies LLC, Signature Financial Management Inc., AQR Capital Management LLC and First Trust Advisors LP. View Insider Buying and Selling for TowneBank.
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 $29.60.
Earnings History for TowneBank (NASDAQ:TOWN)Earnings History by Quarter for TowneBank (NASDAQ:TOWN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017|| || || || || || || || |
|4/27/2017||Q1 2017||$0.37||$0.35||$107.55 million||$105.17 million||View||N/A|
|10/22/2015||Q3||$0.32||$0.34||$72.20 million||$75.97 million||View||N/A|
Earnings Estimates for TowneBank (NASDAQ:TOWN)
Current Year EPS Consensus Estimate: $1.61 EPS
Next Year EPS Consensus Estimate: $2.01 EPS
Current Dividend Information for TowneBank (NASDAQ:TOWN)
|Payout Ratio:||44.44% (Trailing 12 Months of Earnings) |
32.30% (Based on This Year's Estimates)
25.87% (Based on Next Year's Estimates)
Dividend History by Quarter for TowneBank (NASDAQ:TOWN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for TowneBank (NASDAQ:TOWN)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for TowneBank (NASDAQ:TOWN)
Latest Headlines for TowneBank (NASDAQ:TOWN)
TowneBank (TOWN) Chart for Friday, May, 26, 2017