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: Financials
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:TOWN
  • CUSIP: 89214P10
  • Web: https://townebank.com/
Capitalization:
  • Market Cap: $2.13 billion
  • Outstanding Shares: 61,921,000
Average Prices:
  • 50 Day Moving Avg: $32.31
  • 200 Day Moving Avg: $31.29
  • 52 Week Range: $24.25 - $35.05
P/E:
  • Trailing P/E Ratio: 23.90
  • Foreward P/E Ratio: 17.64
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $428.48 million
  • Price / Sales: 4.97
  • Book Value: $17.94 per share
  • Price / Book: 1.92
Dividend:
  • Annual Dividend: $0.56
  • Dividend Yield: 1.6%
Profitability:
  • Net Margins: 23.34%
  • Return on Equity: 9.56%
  • Return on Assets: 1.35%
Debt:
  • Debt-to-Equity Ratio: 0.47%
  • Current Ratio: 1.02%
  • Quick Ratio: 0.96%
Misc:
  • Average Volume: 145,039 shs.
  • Beta: 0.99
  • Short Ratio: 8.52
 

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 declared a quarterly dividend on Tuesday, August 29th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.14 per share on Thursday, October 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 28th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its earnings results on Thursday, April, 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.02. The business earned $105.17 million during the quarter, compared to analyst estimates of $107.55 million. TowneBank had a return on equity of 9.56% and a net margin of 23.34%. View TowneBank's Earnings History.

When will TowneBank make its next earnings announcement?

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

Where is TowneBank's stock going? Where will TowneBank's stock price be in 2017?

2 brokers have issued 12-month price objectives for TowneBank's stock. Their predictions range from $32.00 to $32.00. On average, they expect TowneBank's stock price to reach $32.00 in the next twelve months. View Analyst Ratings for TowneBank.

Who are some of TowneBank's key competitors?

Who are TowneBank's key executives?

TowneBank's management team includes the folowing people:

  • J Morgan Davis, President, Chief Banking Officer, Director
  • G Robert Aston Jr., Chairman of the Board, Chief Executive Officer
  • Thomas C. Broyles, Vice Chairman of the Board
  • Clyde E. McFarland Jr., Chief Financial Officer, Senior Executive Vice President
  • Jacqueline B. Amato, Chairman and Chief Executive Officer of TowneBank Mortgage, Director
  • William I. Foster III, President, TowneBank of Virginia Beach, Director
  • William T. Morrison, Director of Town Bank, Chairman and Chief Executive Officer of TowneBank Mortgage and Realty Group, a Division of TowneBank
  • W. Jeffrey Dyckman, President of Towne Business Strategy
  • William B. Littreal, Chief Operating Officer, Executive Vice President
  • Una Starr Oliver, Chief Human Resource Officer, Executive Vice President, Chief Marketing Officer

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.

What is TowneBank's stock price today?

One share of TowneBank stock can currently be purchased for approximately $34.40.


MarketBeat Community Rating for TowneBank (NASDAQ TOWN)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  51 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  130
MarketBeat's community ratings are surveys of what our community members think about TowneBank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TowneBank (NASDAQ:TOWN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $32.00 (6.98% downside)
Consensus Price Target History for TowneBank (NASDAQ:TOWN)
Price Target History for TowneBank (NASDAQ:TOWN)
Analysts' Ratings History for TowneBank (NASDAQ:TOWN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/5/2017Piper Jaffray CompaniesReiterated RatingNeutral -> Neutral$32.00N/AView 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 10/18/2015 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
10/25/2017$0.45N/AView Earnings Details
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: $1.55 EPS
Next Year EPS Consensus Estimate: $1.95 EPS

Dividends

Current Dividend Information for TowneBank (NASDAQ:TOWN)
Most Recent Dividend:10/12/2017
Annual Dividend:$0.56
Dividend Yield:1.63%
Payout Ratio:38.10% (Trailing 12 Months of Earnings)
36.13% (Based on This Year's Estimates)
28.72% (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
8/29/2017quarterly$0.141.84%9/28/20179/29/201710/12/2017
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
finance.yahoo.com logoETFs with exposure to TowneBank : October 16, 2017
finance.yahoo.com - October 17 at 8:14 AM
finance.yahoo.com logoTowneBank : TOWN-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 12, 2017
finance.yahoo.com - October 13 at 9:22 AM
bizjournals.com logoFirst Citizens CEO Frank Holding talks bank's growth story
www.bizjournals.com - October 11 at 4:03 PM
marketwatch.com logoTowneBank (US: TOWN) to Ring The Nasdaq Stock Market Opening Bell
www.marketwatch.com - October 10 at 7:37 AM
finance.yahoo.com logoETFs with exposure to TowneBank : October 5, 2017
finance.yahoo.com - October 6 at 11:36 AM
americanbankingnews.com logoTowne Bank (TOWN) Rating Reiterated by Piper Jaffray Companies
www.americanbankingnews.com - October 5 at 5:34 PM
finance.yahoo.com logoETFs with exposure to TowneBank : September 25, 2017
finance.yahoo.com - October 3 at 1:45 PM
americanbankingnews.com logoReviewing Towne Bank (TOWN) and Eagle Bancorp Montana (EBMT)
www.americanbankingnews.com - September 30 at 4:20 PM
americanbankingnews.com logoReviewing Towne Bank (TOWN) & The Competition
www.americanbankingnews.com - September 18 at 10:30 PM
finance.yahoo.com logoIs It The Right Time To Buy TowneBank (TOWN)?
finance.yahoo.com - September 16 at 9:44 AM
finance.yahoo.com logoETFs with exposure to TowneBank : September 14, 2017
finance.yahoo.com - September 14 at 11:31 AM
finance.yahoo.com logoTowneBank :TOWN-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017
finance.yahoo.com - September 13 at 10:16 AM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : September 12, 2017
finance.yahoo.com - September 12 at 11:11 AM
americanbankingnews.com logoCritical Analysis: Baylake (BYLK) versus Towne Bank (TOWN)
www.americanbankingnews.com - September 1 at 12:20 PM
americanbankingnews.com logoTowne Bank (TOWN) Declares Quarterly Dividend of $0.14
www.americanbankingnews.com - August 29 at 6:26 PM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : August 29, 2017
finance.yahoo.com - August 29 at 3:33 PM
forbes.com logoWells Fargo's Attempt At Redemption: Scandal-Plagued Lender Names Former Fed Official As Chair
www.forbes.com - August 17 at 8:30 AM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : August 14, 2017
finance.yahoo.com - August 15 at 7:48 AM
bizjournals.com logoTwo eastern N.C. banks to merge into $400M institution
www.bizjournals.com - August 2 at 7:56 AM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : July 31, 2017
finance.yahoo.com - August 1 at 6:59 AM
finance.yahoo.com logoTowneBank – Value Analysis (NASDAQ:TOWN) : July 31, 2017
finance.yahoo.com - August 1 at 6:59 AM
finance.yahoo.com logoTowneBank Reports Record Second Quarter Earnings
finance.yahoo.com - July 28 at 8:56 AM
finance.yahoo.com logoETFs with exposure to TowneBank : July 25, 2017
finance.yahoo.com - July 26 at 9:03 AM
americanbankingnews.com logoTowne Bank (TOWN) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - July 19 at 12:28 PM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bearish Manner : TOWN-US : July 17, 2017
finance.yahoo.com - July 18 at 9:08 AM
finance.yahoo.com logoTowneBank Announces Completion of Subordinated Notes Offering
finance.yahoo.com - July 18 at 9:08 AM
finance.yahoo.com logoETFs with exposure to TowneBank : July 14, 2017
finance.yahoo.com - July 14 at 9:23 PM
bizjournals.com logoCFOs celebrate success at 2017 CFO of the Year Awards
www.bizjournals.com - July 14 at 4:12 PM
finance.yahoo.com logoTowneBank Announces Pricing of $250 Million of 4.50% Subordinated Notes
finance.yahoo.com - July 13 at 10:37 AM
finance.yahoo.com logoTowneBank Announces Public Offering of Subordinated Notes
finance.yahoo.com - July 11 at 8:37 AM
finance.yahoo.com logoTowneBank breached its 50 day moving average in a Bullish Manner : TOWN-US : June 30, 2017
finance.yahoo.com - July 1 at 8:20 AM
bizjournals.com logoCEO of N.C. Bankers Association talks recent M&A activity
www.bizjournals.com - June 3 at 1:32 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
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
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
feeds.benzinga.com logoTowneBank Announces Quarterly Cash Dividend and Annual Shareholder Meeting Date
feeds.benzinga.com - February 22 at 2:51 PM

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Chart

TowneBank (TOWN) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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