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TowneBank Stock Price, Forecast & Analysis (NASDAQ:TOWN)

$28.22
-0.21 (-0.74 %)
(As of 11/14/2019 08:40 AM ET)
Today's Range
$28.11
Now: $28.22
$28.35
50-Day Range
$26.57
MA: $27.84
$28.69
52-Week Range
$22.88
Now: $28.22
$28.94
Volume74,400 shs
Average Volume123,007 shs
Market Capitalization$2.03 billion
P/E Ratio14.25
Dividend Yield2.54%
Beta1.08
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$613.42 million
Cash Flow$2.40 per share
Book Value$21.35 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$2.03 billion
Next Earnings Date1/23/2020 (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 announced a -- dividend on Friday, August 30th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.18 per share on Thursday, October 10th. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its quarterly earnings results on Thursday, October, 24th. The bank reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.01. The bank earned $145.88 million during the quarter, compared to the consensus estimate of $145.37 million. TowneBank had a return on equity of 8.90% and a net margin of 21.05%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

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

What price target have analysts set for TOWN?

3 brokers have issued twelve-month price objectives for TowneBank's shares. Their forecasts range from $27.00 to $27.00. On average, they expect TowneBank's stock price to reach $27.00 in the next year. This suggests that the stock has a possible downside of 4.3%. View Analyst Price Targets for TowneBank.

What is the consensus analysts' recommendation for TowneBank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TowneBank.

Has TowneBank been receiving favorable news coverage?

Media stories about TOWN stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. TowneBank earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for TowneBank.

Are investors shorting TowneBank?

TowneBank saw a decrease in short interest in October. As of October 31st, there was short interest totalling 497,400 shares, a decrease of 11.8% from the September 30th total of 563,800 shares. Based on an average daily trading volume, of 134,600 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.8% of the company's stock 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 Noble (NE), Dominion Energy (D), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), IQIYI (IQ), CVS Health (CVS), Altria Group (MO), Weyerhaeuser (WY), Booking (BKNG) and CoStar Group (CSGP).

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 Reliance Trust Co. (1.14%), Chartwell Investment Partners LLC (0.58%), California Public Employees Retirement System (0.25%), BB&T Securities LLC (0.15%), Rhumbline Advisers (0.15%) and First Trust Advisors LP (0.13%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Salomon & Ludwin LLC, Chartwell Investment Partners LLC, BB&T Securities LLC, SG Americas Securities LLC, Carroll Financial Associates Inc. and Reliance Trust Co..

Which major investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Denali Advisors LLC, Rhumbline Advisers, Envestnet Asset Management Inc. and Russell Investments Group Ltd..

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 $28.22.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.03 billion and generates $613.42 million in revenue each year. The bank earns $133.79 million in net income (profit) each year or $1.98 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:  172 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  406
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 11/14/2019 by MarketBeat.com Staff

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