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Russia accused of 'kidnapping' head of Ukraine nuclear plant
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Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
The Safest Option in Trades! (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
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Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
The Safest Option in Trades! (Ad)pixel
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
The Safest Option in Trades! (Ad)pixel
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
The Safest Option in Trades! (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
The Safest Option in Trades! (Ad)pixel
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
The Safest Option in Trades! (Ad)pixel
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
The Safest Option in Trades! (Ad)pixel
Russia blindfolds, detains Ukraine nuclear plant chief
NIH to fund unproven ALS drugs under patient-backed law
NASDAQ:TOWN

TowneBank - TOWN Stock Forecast, Price & News

$26.83
-0.33 (-1.22%)
(As of 09/30/2022 12:00 AM ET)
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Compare
Today's Range
$26.81
$27.48
50-Day Range
$26.83
$31.18
52-Week Range
$26.18
$34.79
Volume
161,343 shs
Average Volume
130,813 shs
Market Capitalization
$1.95 billion
P/E Ratio
10.69
Dividend Yield
3.39%
Price Target
N/A
TOWN stock logo

About TowneBank (NASDAQ:TOWN) Stock

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.

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TOWN Stock News Headlines

TowneBank Names Chief Executive Officer Successor
TowneBank lays down CEO succession plan
TOWN Breaks Above 3% Yield Territory - Nasdaq
TowneBank brings on new leader for Charlotte market
TowneBank Reports Second Quarter 2022 Earnings
See More Headlines
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TOWN Company Calendar

Ex-Dividend for 7/12 Dividend
6/29/2022
Dividend Payable
7/12/2022
Last Earnings
7/28/2022
Ex-Dividend for 10/14 Dividend
9/29/2022
Today
10/01/2022
Dividend Payable
10/14/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Employees
2,617
Year Founded
N/A

Profitability

Net Income
$215.38 million
Pretax Margin
33.43%

Debt

Sales & Book Value

Annual Sales
$721.41 million
Cash Flow
$3.48 per share
Book Value
$26.38 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.95 billion
Optionable
Optionable
Beta
0.98

Key Executives

  • Mr. G. Robert Aston Jr. (Age 77)
    Exec. Chairman
    Comp: $1.45M
  • Mr. J. Morgan Davis (Age 71)
    CEO & Director
    Comp: $1.39M
  • Mr. Brad E. Schwartz CPA (Age 59)
    Pres, COO & Director
    Comp: $972.17k
  • Mr. William B. Littreal (Age 52)
    Sr. EVP, CFO & Director of Investor Relations
    Comp: $843.28k
  • Mr. William I. Foster III (Age 66)
    Pres of Central Virginia & the Carolinas and Director
    Comp: $651.85k
  • Mr. Kevin L. Fly (Age 56)
    Sr. EVP & Chief Accounting Officer
  • Mr. Denys J. Diaz (Age 55)
    Chief Information Officer
  • Mr. George P. Whitley (Age 69)
    Sr. EVP & Chief Legal Officer
  • Mr. Scott V. Williams
    Exec. VP and Director of Marketing & Member Experience
  • Mr. R. Lee Clark
    Sr. EVP & Chief HR Officer













TOWN Stock - Frequently Asked Questions

How have TOWN shares performed in 2022?

TowneBank's stock was trading at $31.59 at the beginning of 2022. Since then, TOWN stock has decreased by 15.1% and is now trading at $26.83.
View the best growth stocks for 2022 here
.

When is TowneBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TOWN earnings forecast
.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its earnings results on Thursday, July, 28th. The bank reported $0.64 EPS for the quarter. The bank earned $166.98 million during the quarter. TowneBank had a net margin of 26.07% and a trailing twelve-month return on equity of 9.66%.

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

TowneBank declared a quarterly dividend on Wednesday, August 24th. Investors of record on Friday, September 30th will be paid a dividend of $0.23 per share on Friday, October 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for TOWN
.

Is TowneBank a good dividend stock?

TowneBank (NASDAQ:TOWN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.39%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOWN.

What is J. Morgan Davis' approval rating as TowneBank's CEO?

12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among the company's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TowneBank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D), Noble (NE), Altria Group (MO), Southern (SO), Weyerhaeuser (WY), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).

What is TowneBank's stock symbol?

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

How do I buy shares of TowneBank?

Shares of TOWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $26.83.

How much money does TowneBank make?

TowneBank (NASDAQ:TOWN) has a market capitalization of $1.95 billion and generates $721.41 million in revenue each year. The bank earns $215.38 million in net income (profit) each year or $2.51 on an earnings per share basis.

How many employees does TowneBank have?

The company employs 2,617 workers across the globe.

How can I contact TowneBank?

TowneBank's mailing address is 5716 High Street West, Portsmouth VA, 23703. The official website for the company is www.townebank.com. The bank can be reached via phone at (757) 638-7500, via email at william.littreal@townebank.net, or via fax at 215-832-1055.

This page (NASDAQ:TOWN) was last updated on 10/2/2022 by MarketBeat.com Staff

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