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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CIKN/A
Phone757-638-7500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$613.42 million
Profitability
Miscellaneous
Employees2,410
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable
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 Thursday, May 23rd. Stockholders of record on Friday, June 28th will be paid a dividend of $0.18 per share on Wednesday, July 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from TowneBank's previous quarterly dividend of $0.16. View TowneBank's Dividend History.
How were TowneBank's earnings last quarter?
TowneBank (NASDAQ:TOWN) posted its earnings results on Thursday, April, 25th. The bank reported $0.44 EPS for the quarter, missing the Zacks' consensus estimate of $0.49 by $0.05. The bank had revenue of $133.85 million for the quarter, compared to analyst estimates of $138.13 million. TowneBank had a net margin of 22.24% and a return on equity of 9.31%. View TowneBank's Earnings History.
When is TowneBank's next earnings date?
What price target have analysts set for TOWN?
2 analysts have issued 12-month price objectives for TowneBank's shares. Their predictions range from $31.00 to $34.00. On average, they anticipate TowneBank's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 21.1% 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?
Headlines about TOWN stock have trended somewhat positive on Sunday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of 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 five, with scores nearest to five being the most favorable. TowneBank earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for TowneBank.
Who are some of TowneBank's key competitors?
Some companies that are related to TowneBank include Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Wintrust Financial (WTFC), IBERIABANK (IBKC), Bank Ozk (OZK), United Bankshares (UBSI), First Hawaiian (FHB), Glacier Bancorp (GBCI), Associated Banc (ASB) and Bank of Hawaii (BOH).
What other stocks do shareholders of TowneBank own?
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.78%), Dimensional Fund Advisors LP (3.63%), Northern Trust Corp (1.71%), Goldman Sachs Group Inc. (1.57%), Renaissance Technologies LLC (1.50%) and Geode Capital Management LLC (1.18%).
Which major investors are selling TowneBank stock?
TOWN stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, IndexIQ Advisors LLC, Opus Capital Group LLC, First Trust Advisors LP, Federated Investors Inc. PA, BlueMountain Capital Management LLC, Wilbanks Smith & Thomas Asset Management LLC and Chartwell Investment Partners LLC.
Which major investors are buying TowneBank stock?
TOWN stock was acquired by a variety of institutional investors in the last quarter, including Reliance Trust Co., Dimensional Fund Advisors LP, Geode Capital Management LLC, Renaissance Technologies LLC, BlackRock Inc., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC and Goldman Sachs Group Inc..
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, Scottrade, Fidelity and Charles Schwab.
What is TowneBank's stock price today?
One share of TOWN stock can currently be purchased for approximately $26.83.
How big of a company is TowneBank?
TowneBank has a market capitalization of $1.93 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?
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]
MarketBeat Community Rating for TowneBank (NASDAQ TOWN)
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.
