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NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

$27.94
+0.01 (+0.04 %)
(As of 12/5/2019 01:34 PM ET)
Today's Range
$27.89
Now: $27.94
$28.01
50-Day Range
$27.34
MA: $28.14
$28.69
52-Week Range
$22.88
Now: $27.94
$28.94
Volume1,352 shs
Average Volume121,016 shs
Market Capitalization$2.01 billion
P/E Ratio14.11
Dividend Yield2.60%
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$613.42 million
Cash Flow$2.39 per share
Book Value$21.35 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$2.01 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 quarterly dividend on Wednesday, November 27th. Investors 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 yield of 2.58%. The ex-dividend date is Friday, December 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

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

2 equities research analysts have issued 1 year target prices for TowneBank's stock. 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 3.4%. 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 coverage about TOWN stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media 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 negative five to positive five, with scores nearest to five being the most favorable. TowneBank earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 1.0 out of 10, meaning 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 drop in short interest during the month of November. As of November 15th, there was short interest totalling 497,400 shares, a drop of 11.8% from the October 31st total of 563,800 shares. Based on an average daily volume of 134,600 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.8% of the shares of the stock are sold short. 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), Altria Group (MO), Weyerhaeuser (WY), Intel (INTC), IQIYI (IQ), QUALCOMM (QCOM) and Skyworks Solutions (SWKS).

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 a variety of of retail and institutional investors. Top institutional investors include State Street Corp (1.83%), Reliance Trust Co. (1.14%), Chartwell Investment Partners LLC (0.58%), Millennium Management LLC (0.58%), California Public Employees Retirement System (0.25%) and BB&T Securities LLC (0.15%).

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, State Street Corp, Barclays PLC, BB&T Securities LLC, SG Americas Securities LLC and Carroll Financial Associates Inc..

Which major investors are buying TowneBank stock?

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

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 $27.94.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.01 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:  173 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  409
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 12/5/2019 by MarketBeat.com Staff

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