NASDAQ:TOWN - TowneBank Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$27.76 +0.87 (+3.24 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$27.76
Today's Range$26.7475 - $27.82
52-Week Range$22.88 - $33.85
Volume168,408 shs
Average Volume101,581 shs
Market Capitalization$2.00 billion
P/E Ratio14.02
Dividend Yield2.38%
Beta1.1
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, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate construction and acquisition loans. In addition, it provides other services, such as safe deposit boxes, cash management services, travelers' checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; asset management and commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 28, 2018, it operated 40 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia.

Receive TOWN News and Ratings via Email

Sign-up to receive the latest news and ratings for TOWN and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$613.42 million
Cash Flow$1.7704 per share
Book Value$15.85 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,313
Market Cap$2.00 billion
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 announced a quarterly dividend on Thursday, November 29th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.16 per share on Friday, January 11th. This represents a $0.64 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, 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, 24th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.04. The bank earned $131.42 million during the quarter, compared to analyst estimates of $141.34 million. TowneBank had a return on equity of 9.76% and a net margin of 21.81%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

2 equities research analysts have issued twelve-month price objectives for TowneBank's shares. Their predictions range from $31.00 to $34.00. On average, they anticipate TowneBank's stock price to reach $32.50 in the next year. This suggests a possible upside of 17.1% 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?

News coverage about TOWN stock has been trending neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. 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 coverage optimism score of 0.2 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of TowneBank's key competitors?

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, Exec. VP & Chief Accounting Officer (Age 53)

Who are TowneBank's major shareholders?

TowneBank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.70%), Dimensional Fund Advisors LP (3.48%), Northern Trust Corp (1.72%), Bank of New York Mellon Corp (1.11%), Geode Capital Management LLC (1.10%) and Chartwell Investment Partners LLC (0.63%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Barclays PLC, First Trust Advisors LP, MetLife Investment Advisors LLC, Aldebaran Financial Inc., Chartwell Investment Partners LLC, New York State Common Retirement Fund and Banc Funds Co. LLC.

Which institutional investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Geode Capital Management LLC, Weather Gauge Advisory LLC, Thrivent Financial for Lutherans, Rhumbline Advisers, Metropolitan Life Insurance Co. NY and Wilbanks Smith & Thomas Asset Management LLC.

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 $27.76.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.00 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 2,313 workers across the globe.

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 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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  192 (Vote Underperform)
Total Votes:  347
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 2/16/2019 by MarketBeat.com Staff

Featured Article: Coverage Ratio

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel