TowneBank Company Profile (NASDAQ:TOWN)

About TowneBank (NASDAQ:TOWN)

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
  • Symbol: NASDAQ:TOWN
  • CUSIP: 89214P10
  • Web: www.townebankonline.com
Capitalization:
  • Market Cap: $1.83 billion
  • Outstanding Shares: 61,878,000
Average Prices:
  • 50 Day Moving Avg: $31.46
  • 200 Day Moving Avg: $31.96
  • 52 Week Range: $20.10 - $34.55
P/E:
  • Trailing P/E Ratio: 24.87
  • Foreward P/E Ratio: 14.73
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $392.36 million
  • Price / Sales: 4.67
  • Book Value: $17.61 per share
  • Price / Book: 1.68
Dividend:
  • Annual Dividend: $0.52
  • Dividend Yield: 1.8%
Profitability:
  • Net Margins: 16.41%
Misc:
  • 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?

TowneBank is scheduled to release their next quarterly earnings announcement on Wednesday, July, 26th 2017. View Earnings Estimates for TowneBank.

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?

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.

Analyst Ratings

Consensus Ratings for TowneBank (NASDAQ:TOWN) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $27.50 (7.09% downside)

Analysts' Ratings History for TowneBank (NASDAQ:TOWN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/31/2017Piper Jaffray CompaniesInitiated CoverageNeutral -> Neutral$31.00HighView Rating Details
11/29/2016Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
7/29/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$22.00 -> $24.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for TowneBank (NASDAQ:TOWN)
Earnings by Quarter for TowneBank (NASDAQ:TOWN)
Earnings History by Quarter for TowneBank (NASDAQ:TOWN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/26/2017        
4/27/2017Q1 2017$0.37$0.35$107.55 million$105.17 millionViewN/AView Earnings Details
7/28/2016Q2$0.35$0.36$84.25 millionViewN/AView Earnings Details
4/28/2016Q1$0.29$0.35$78.75 millionViewN/AView Earnings Details
1/29/2016Q4$0.30$0.24$71.41 millionViewN/AView Earnings Details
10/22/2015Q3$0.32$0.34$72.20 million$75.97 millionViewN/AView Earnings Details
7/24/2015Q2$0.35$77.97 millionViewN/AView Earnings Details
10/23/2014Q314$0.34$63.18 millionViewN/AView Earnings Details
7/23/2014Q214$0.33$61.88 millionViewN/AView Earnings Details
4/24/2014Q114$0.31($57.92) millionViewN/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: $1.61 EPS
Next Year EPS Consensus Estimate: $2.01 EPS

Dividends

Current Dividend Information for TowneBank (NASDAQ:TOWN)
Next Dividend:7/12/2017
Annual Dividend:$0.52
Dividend Yield:1.76%
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 Payments by Quarter for TowneBank (NASDAQ:TOWN)

Dividend History by Quarter for TowneBank (NASDAQ:TOWN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/25/2017quarterly$0.141.89%6/28/20176/30/20177/12/2017
2/23/2017quarterly$0.131.56%3/28/20173/30/20174/12/2017
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

Headline Trends for TowneBank (NASDAQ:TOWN)
Latest Headlines for TowneBank (NASDAQ:TOWN)
Source:
DateHeadline
americanbankingnews.com logoTowneBank (TOWN) Increases Dividend to $0.14 Per Share
www.americanbankingnews.com - May 25 at 6:25 PM
finance.yahoo.com logoTowneBank Announces Quarterly Cash Dividend
finance.yahoo.com - May 25 at 5:19 AM
bizjournals.com logoCommunity bankers: Consolidation means market grab opportunities in N.C.
www.bizjournals.com - May 12 at 8:48 PM
marketwatch.com logo10-Q: PARAGON COMMERCIAL CORP
www.marketwatch.com - May 9 at 7:47 PM
americanbankingnews.com logoTowneBank (TOWN) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 5 at 8:32 AM
americanbankingnews.com logoTowneBank (TOWN) Getting Negative News Coverage, AlphaOne Reports
www.americanbankingnews.com - May 2 at 1:42 PM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : May 2, 2017
finance.yahoo.com - May 2 at 8:51 AM
bizjournals.com logoWho stands to gain in TowneBank-Paragon Bank's $323M deal
www.bizjournals.com - April 29 at 10:05 AM
reuters.com logoBRIEF-Townebank Q1 earnings per share $0.35
www.reuters.com - April 28 at 10:59 PM
americanbankingnews.com logoTowneBank (TOWN) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - April 28 at 7:38 PM
americanbankingnews.com logoTowneBank (TOWN) Announces Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - April 28 at 4:50 PM
nasdaq.com logoParagon Commercial Bank Agrees to Be Acquired By TowneBank for $323.7 Mln in All Stock Deal
www.nasdaq.com - April 28 at 2:49 AM
reuters.com logoBRIEF-TowneBank to buy Paragon Commercial Corp and Paragon Commercial Bank
www.reuters.com - April 28 at 2:49 AM
bizjournals.com logoTowneBank CEO discloses details inside the $323M deal to buy Paragon Bank
www.bizjournals.com - April 28 at 2:49 AM
seekingalpha.com logoTowneBank to buy Paragon Commercial
seekingalpha.com - April 27 at 11:25 AM
americanbankingnews.com logoTowneBank (TOWN) Receives News Sentiment Rating of 0.53
www.americanbankingnews.com - April 27 at 10:02 AM
finance.yahoo.com logoTownebank Reports First Quarter Earnings
finance.yahoo.com - April 27 at 9:23 AM
finance.yahoo.com logoTowneBank Expands North Carolina Presence Through the Acquisition of Paragon Commercial Corporation and Paragon Commercial Bank
finance.yahoo.com - April 27 at 9:23 AM
americanbankingnews.com logoTowneBank (TOWN) Receiving Somewhat Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 24 at 6:51 PM
finance.yahoo.com logoPost Earnings Coverage as Synovus Financial's Q1 EPS Surged 29.8%; Outshined Estimates
finance.yahoo.com - April 24 at 10:07 AM
americanbankingnews.com logoTowneBank (TOWN) Earns Daily Coverage Optimism Rating of 0.12
www.americanbankingnews.com - April 21 at 10:52 PM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : April 21, 2017
finance.yahoo.com - April 21 at 11:31 AM
americanbankingnews.com logo Analysts Set $31.00 Price Target for TowneBank (TOWN)
www.americanbankingnews.com - April 19 at 7:53 AM
americanbankingnews.com logoTowneBank (TOWN) Earns News Sentiment Rating of -0.35
www.americanbankingnews.com - April 16 at 10:40 AM
finance.yahoo.com logoTowneBank : TOWN-US: Dividend Analysis : March 30th, 2017 (record date) : By the numbers : April 10, 2017
finance.yahoo.com - April 10 at 7:47 PM
americanbankingnews.com logoTowneBank (TOWN) Sees Large Increase in Short Interest
www.americanbankingnews.com - April 4 at 1:34 PM
finance.yahoo.com logoCoverage initiated on Towne Bank by Piper Jaffray
finance.yahoo.com - April 1 at 6:49 AM
americanbankingnews.com logoPiper Jaffray Companies Initiates Coverage on TowneBank (TOWN)
www.americanbankingnews.com - March 31 at 12:20 PM
americanbankingnews.com logoTowneBank (TOWN) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - March 21 at 12:15 PM
feeds.benzinga.com logoTowneBank Announces Quarterly Cash Dividend and Annual Shareholder Meeting Date
feeds.benzinga.com - February 22 at 2:51 PM
finance.yahoo.com logoTowneBank Reports Full Year and Fourth Quarter Financial Results for 2016
finance.yahoo.com - January 27 at 6:17 AM
finance.yahoo.com logo8:36 am Towne Bank reports Q4 EPS in line with estimates
finance.yahoo.com - January 27 at 6:17 AM

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Chart

TowneBank (TOWN) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff