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NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

$24.66
-0.96 (-3.75 %)
(As of 02/28/2020 01:03 AM ET)
Today's Range
$24.66
Now: $24.66
$25.93
50-Day Range
$24.66
MA: $27.41
$28.03
52-Week Range
$23.71
Now: $24.66
$29.02
Volume153,703 shs
Average Volume98,752 shs
Market Capitalization$1.79 billion
P/E Ratio12.78
Dividend Yield2.81%
Beta1.09
TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. 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, and negotiable order of withdrawal accounts. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$673.41 million
Cash Flow$2.30 per share
Book Value$21.35 per share

Profitability

Net Income$138.78 million

Miscellaneous

Employees2,410
Market Cap$1.79 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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TowneBank (NASDAQ:TOWN) Frequently Asked Questions

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 Wednesday, November 27th. Stockholders of record on Monday, December 30th will be given a dividend of $0.18 per share on Friday, January 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, December 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its quarterly earnings data on Thursday, January, 23rd. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The bank had revenue of $139.67 million for the quarter, compared to analysts' expectations of $139.19 million. TowneBank had a net margin of 20.61% and a return on equity of 8.69%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

2 equities research analysts have issued 1-year target prices for TowneBank's stock. Their forecasts range from $27.00 to $28.00. On average, they anticipate TowneBank's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for TowneBank.

What is the consensus analysts' recommendation for TowneBank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TowneBank.

Has TowneBank been receiving favorable news coverage?

News articles about TOWN stock have trended extremely negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TowneBank earned a news impact score of -4.2 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for TowneBank.

Are investors shorting TowneBank?

TowneBank saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 484,100 shares, an increase of 10.8% from the January 15th total of 436,800 shares. Based on an average trading volume of 120,500 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.7% of the company's shares are short sold. View TowneBank's Current Options Chain.

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), Goodyear Tire & Rubber (GT), IQIYI (IQ), NVIDIA (NVDA), Southern (SO), Weyerhaeuser (WY), Enterprise Products Partners (EPD) and Main Street Capital (MAIN).

Who are TowneBank's key executives?

TowneBank's management team includes the folowing people:
  • Mr. G. Robert Aston Jr., Exec. Chairman (Age 74)
  • Mr. J. Morgan Davis, Pres, CEO & Director (Age 68)
  • Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 56)
  • Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 49)
  • Mr. Kevin L. Fly, Sr. EVP & Chief Accounting Officer (Age 53)

Who are TowneBank's major shareholders?

TowneBank's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (1.87%), Goldman Sachs Group Inc. (1.73%), Renaissance Technologies LLC (1.70%), Geode Capital Management LLC (1.23%), Bank of New York Mellon Corp (0.68%) and Chartwell Investment Partners LLC (0.58%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of America Corp DE, Equitable Trust Co., Raymond James Financial Services Advisors Inc., Acadian Asset Management LLC, California Public Employees Retirement System, Salomon & Ludwin LLC and John W. Rosenthal Capital Management Inc..

Which institutional investors are buying TowneBank stock?

TOWN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Renaissance Technologies LLC, Goldman Sachs Group Inc., PBMares Wealth Management LLC, Captrust Financial Advisors, State Street Corp, UBS Group AG and Barclays PLC.

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 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 $24.66.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.79 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 2,410 workers across the globe.View Additional Information About TowneBank.

What is TowneBank's official website?

The official website for TowneBank is http://www.townebank.com/.

How can I contact TowneBank?

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


MarketBeat Community Rating for TowneBank (NASDAQ TOWN)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  187 (Thanks for Voting!)
Underperform Votes:  253 (Thanks for Voting!)
Total Votes:  440
MarketBeat's community ratings are surveys of what our community members think about TowneBank and other stocks. Vote "Outperform" if you believe TOWN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOWN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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