TowneBank - TOWN Stock Forecast, Price & News

TowneBank's stock was trading at $30.84 at the start of the year. Since then, TOWN stock has increased by 1.8% and is now trading at $31.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our TOWN earnings forecast.

TowneBank (NASDAQ:TOWN) released its earnings results on Thursday, October, 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The bank earned $170.08 million during the quarter, compared to analyst estimates of $161.02 million. TowneBank had a trailing twelve-month return on equity of 10.19% and a net margin of 25.42%.

TowneBank announced a quarterly dividend on Monday, November 28th. Investors of record on Friday, December 30th will be paid a dividend of $0.23 per share on Thursday, January 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for TOWN.

TowneBank (NASDAQ:TOWN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.93%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOWN.

12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among the company's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D), Noble (NE), Altria Group (MO), Southern (SO), Weyerhaeuser (WY), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).

TowneBank trades on the NASDAQ under the ticker symbol "TOWN."

TowneBank's stock is owned by a number of retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.69%), New York State Common Retirement Fund (0.18%), Seizert Capital Partners LLC (0.16%), State of New Jersey Common Pension Fund D (0.10%), Strs Ohio (0.04%) and Jackson Creek Investment Advisors LLC (0.04%).

Shares of TOWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TOWN stock can currently be purchased for approximately $31.40.

TowneBank (NASDAQ:TOWN) has a market capitalization of $2.28 billion and generates $743.51 million in revenue each year. The bank earns $188.99 million in net income (profit) each year or $2.60 on an earnings per share basis.

The company employs 2,617 workers across the globe.

TowneBank's mailing address is 5716 High Street West, Portsmouth VA, 23703. The official website for the company is www.townebank.com. The bank can be reached via phone at (757) 638-7500, via email at william.littreal@townebank.net, or via fax at 215-832-1055.