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NASDAQ:TOWN

TowneBank Stock Forecast, Price & News

$25.09
-0.64 (-2.49 %)
(As of 01/25/2021 12:32 PM ET)
Add
Compare
Today's Range
$24.49
Now: $25.09
$25.14
50-Day Range
$22.69
MA: $24.03
$26.03
52-Week Range
$15.03
Now: $25.09
$28.20
Volume8,815 shs
Average Volume176,229 shs
Market Capitalization$1.82 billion
P/E Ratio13.86
Dividend Yield2.80%
Beta1.17
TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, 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, such as 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 offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.
TowneBank logo

MarketRank

Overall MarketRank

1.54 out of 5 stars

Finance Sector

635th out of 1,933 stocks

State Commercial Banks Industry

139th out of 309 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:TOWN
CUSIP89214P10
CIKN/A
Phone757-638-7500
Employees2,446
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$673.41 million
Cash Flow$2.35 per share
Book Value$22.77 per share

Profitability

Net Income$138.78 million

Miscellaneous

Market Cap$1.82 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$25.09
-0.64 (-2.49 %)
(As of 01/25/2021 12:32 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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TowneBank (NASDAQ:TOWN) Frequently Asked Questions

How has TowneBank's stock price been impacted by Coronavirus (COVID-19)?

TowneBank's stock was trading at $20.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TOWN shares have increased by 21.9% and is now trading at $25.03.
View which stocks have been most impacted by COVID-19
.

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 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TowneBank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TOWN, but not buy additional shares or sell existing shares.
View analyst ratings for TowneBank
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than TowneBank?

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

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.

When is TowneBank's next earnings date?

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

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.02. The bank had revenue of $192.14 million for the quarter, compared to analyst estimates of $158.52 million. TowneBank had a trailing twelve-month return on equity of 7.74% and a net margin of 18.05%.
View TowneBank's earnings history
.

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

TowneBank declared a quarterly dividend on Wednesday, December 2nd. Investors of record on Wednesday, December 30th will be paid a dividend of $0.18 per share on Monday, January 11th. This represents a $0.72 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, December 29th.
View TowneBank's dividend history
.

Is TowneBank a good dividend stock?

TowneBank pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.80%. TowneBank does not yet have a strock track record of dividend growth. The dividend payout ratio of TowneBank is 37.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TowneBank will have a dividend payout ratio of 43.64% 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 analysts have issued 1 year price objectives for TowneBank's shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate TowneBank's stock price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 20.1%.
View analysts' price targets for TowneBank
or view Wall Street analyst' top-rated stocks.

Who are some of TowneBank's key competitors?

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).

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • Mr. G. Robert Aston Jr., Exec. Chairman (Age 75, Pay $1.06M)
  • Mr. J. Morgan Davis, Pres, CEO & Director (Age 69, Pay $885.98k)
  • Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 50, Pay $568.26k)
  • Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 57, Pay $669.5k)
  • Mr. William I. Foster III, Pres of Central Virginia & the Carolinas (Age 64, Pay $626.52k)
  • Mr. Kevin L. Fly, Sr. EVP & Chief Accounting Officer (Age 54)
  • Mr. George P. Whitley, Chief Legal Officer & Sr. EVP of Virginia Bus. (Age 67)
  • Mr. Scott V. Williams, Exec. VP and Director of Marketing & Member Experience
  • Mr. R. Lee Clark, Sr. EVP & Chief HR Officer
  • Mr. Thomas L. Hasty III, CRP, Sr. Exec. VP of Regulatory Management (Age 64)

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 variety of institutional and retail investors. Top institutional investors include Denali Advisors LLC (0.23%), DAVENPORT & Co LLC (0.15%), Weather Gauge Advisory LLC (0.05%) and BCS Wealth Management (0.03%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Weather Gauge Advisory LLC.

Which institutional investors are buying TowneBank stock?

TOWN stock was bought by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, BCS Wealth Management, and Denali Advisors 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.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $25.03.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.82 billion and generates $673.41 million in revenue each year. The bank earns $138.78 million in net income (profit) each year or $1.93 on an earnings per share basis. TowneBank employs 2,446 workers across the globe.

What is TowneBank's official website?

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

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 1/25/2021 by MarketBeat.com Staff

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