S&P 500   4,471.37
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
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NASDAQ:TOWN

TowneBank Stock Forecast, Price & News

$31.90
+0.03 (+0.09 %)
(As of 10/15/2021 12:00 AM ET)
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Today's Range
$31.85
$32.41
50-Day Range
$28.46
$32.00
52-Week Range
$17.32
$33.25
Volume148,849 shs
Average Volume157,682 shs
Market Capitalization$2.32 billion
P/E Ratio11.04
Dividend Yield2.51%
Beta1.15
30 days | 90 days | 365 days | Advanced Chart
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TowneBank logo

About TowneBank

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Employees
2,490
Year Founded
N/A

Sales & Book Value

Annual Sales
$744.35 million
Cash Flow
$2.71 per share
Book Value
$24.56 per share

Profitability

Net Income
$145.54 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$2.32 billion
Next Earnings Date
10/28/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

1.99 out of 5 stars

Finance Sector

638th out of 1,333 stocks

State Commercial Banks Industry

136th out of 232 stocks

Analyst Opinion: 1.5Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












TowneBank (NASDAQ:TOWN) Frequently Asked Questions

Is TowneBank a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TowneBank stock.
View analyst ratings for TowneBank
or view top-rated stocks.

What stocks does MarketBeat like better than TowneBank?

Wall Street analysts have given TowneBank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TowneBank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting TowneBank?

TowneBank saw a decline in short interest in September. As of September 30th, there was short interest totaling 403,600 shares, a decline of 17.7% from the September 15th total of 490,600 shares. Based on an average daily volume of 142,800 shares, the short-interest ratio is currently 2.8 days. Approximately 0.6% of the shares of the company are short sold.
View TowneBank's Short Interest
.

When is TowneBank's next earnings date?

TowneBank is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for TowneBank
.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) released its quarterly earnings data on Thursday, July, 29th. The bank reported $0.77 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.11. The bank had revenue of $167.32 million for the quarter, compared to analyst estimates of $166.97 million. TowneBank had a net margin of 27.16% and a trailing twelve-month return on equity of 11.74%.
View TowneBank's earnings history
.

How has TowneBank's stock been impacted by COVID-19?

TowneBank's stock was trading at $20.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TOWN stock has increased by 55.3% and is now trading at $31.90.
View which stocks have been most impacted by COVID-19
.

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

TowneBank announced a quarterly dividend on Thursday, August 26th. Investors of record on Thursday, September 30th will be paid a dividend of $0.20 per share on Tuesday, October 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, September 29th.
View TowneBank's dividend history
.

Is TowneBank a good dividend stock?

TowneBank pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.51%. TowneBank does not yet have a strong track record of dividend growth. The dividend payout ratio of TowneBank is 39.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TowneBank will have a dividend payout ratio of 36.87% next year. This indicates that TowneBank will be able to sustain or increase its dividend.
View TowneBank's dividend history.

What price target have analysts set for TOWN?

1 Wall Street analysts have issued 1-year target prices for TowneBank's stock. Their forecasts range from $28.00 to $28.00. On average, they anticipate TowneBank's share price to reach $28.00 in the next twelve months. This suggests that the stock has a possible downside of 12.2%.
View analysts' price targets for TowneBank
or view top-rated stocks among Wall Street analysts.

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • J. Morgan Davis, Chief Executive Officer & Director
  • Brad E. Schwartz, President, Chief Operating Officer & Director
  • William B. Littreal, CFO, Chief Strategy & Investor Relations Officer
  • Keith D. Horton, Chief Facilities Officer & Senior Executive VP
  • Philip M. Rudisill, Chief Credit Officer & Senior Executive VP

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

12 employees have rated TowneBank CEO J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among TowneBank'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), The Southern (SO), Weyerhaeuser (WY), The 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."

Who are TowneBank's major shareholders?

TowneBank's stock is owned by a number of institutional and retail investors. Top institutional investors include DAVENPORT & Co LLC (0.57%) and Denali Advisors LLC (0.19%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC.

Which major investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC.

How do I buy shares of TowneBank?

Shares of TOWN 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 $31.90.

How much money does TowneBank make?

TowneBank has a market capitalization of $2.32 billion and generates $744.35 million in revenue each year. The bank earns $145.54 million in net income (profit) each year or $2.01 on an earnings per share basis.

How many employees does TowneBank have?

TowneBank employs 2,490 workers across the globe.

What is TowneBank's official website?

The official website for TowneBank is www.townebank.com.

Where are TowneBank's headquarters?

TowneBank is headquartered at 5716 High Street West, Portsmouth VA, 23703.

How can I contact TowneBank?

TowneBank's mailing address is 5716 High Street West, Portsmouth VA, 23703. The bank can be reached via phone at (757) 638-7500 or via email at [email protected].


This page was last updated on 10/16/2021 by MarketBeat.com Staff

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