NASDAQ:TOWN - TowneBank Stock Price, Price Target & More

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

TowneBank announced a quarterly dividend on Thursday, May 24th. Stockholders of record on Friday, June 29th will be given a dividend of $0.16 per share on Tuesday, July 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from TowneBank's previous quarterly dividend of $0.14. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) issued its earnings results on Wednesday, April, 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.01. The bank earned $126.28 million during the quarter, compared to the consensus estimate of $122.39 million. TowneBank had a net margin of 17.38% and a return on equity of 8.81%. View TowneBank's Earnings History.

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for TowneBank.

5 analysts have issued 1-year price targets for TowneBank's stock. Their forecasts range from $32.00 to $35.00. On average, they anticipate TowneBank's share price to reach $34.00 in the next twelve months. View Analyst Ratings for TowneBank.

Some companies that are related to TowneBank include Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Popular (BPOP), Associated Banc (ASB), Texas Capital Bancshares (TCBI), IBERIABANK (IBKC), Hancock (HBHC), First Hawaiian Bank (FHB), Chemical Financial (CHFC) and Investors Bank (ISBC).

Headlines about TOWN stock have been trending positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TowneBank earned a media sentiment score of 0.36 on Accern's scale. They also assigned news articles about the bank an impact score of 45.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

TowneBank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.63%), Dimensional Fund Advisors LP (3.18%), Northern Trust Corp (1.05%), The Manufacturers Life Insurance Company (0.65%), Schwab Charles Investment Management Inc. (0.45%) and Banc Funds Co. LLC (0.22%). View Institutional Ownership Trends for TowneBank.

TOWN stock was sold by a variety of institutional investors in the last quarter, including LPL Financial LLC, Opus Capital Group LLC, Palladium Partners LLC, Teacher Retirement System of Texas, UBS Group AG, BNP Paribas Arbitrage SA and JPMorgan Chase & Co.. View Insider Buying and Selling for TowneBank.

TOWN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Banc Funds Co. LLC, Mendon Capital Advisors Corp, BB&T Securities LLC, Northern Trust Corp, Aldebaran Financial Inc. and Millennium Management LLC. View Insider Buying and Selling for 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.

One share of TOWN stock can currently be purchased for approximately $33.05.

TowneBank has a market capitalization of $2.43 billion and generates $493.23 million in revenue each year. The bank earns $87.66 million in net income (profit) each year or $1.56 on an earnings per share basis. TowneBank employs 2,313 workers across the globe.

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]