NASDAQ:TOWN - TowneBank Stock Price, News & Analysis

$26.70
+0.75 (+2.89 %)
(As of 08/19/2019 06:18 AM ET)
Today's Range
$26.07
Now: $26.70
$26.78
50-Day Range
$26.08
MA: $27.27
$28.43
52-Week Range
$22.88
Now: $26.70
$33.20
Volume144,100 shs
Average Volume134,052 shs
Market Capitalization$1.92 billion
P/E Ratio13.48
Dividend Yield2.77%
Beta1.07
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$2.4814 per share
Book Value$21.35 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$1.92 billion
Next Earnings Date10/24/2019 (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 Thursday, May 23rd. Investors of record on Friday, June 28th will be given a dividend of $0.18 per share on Wednesday, July 10th. This represents a $0.72 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from TowneBank's previous quarterly dividend of $0.16. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) issued its earnings results on Thursday, July, 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.04. The bank earned $144.54 million during the quarter, compared to analysts' expectations of $140.67 million. TowneBank had a net margin of 21.63% and a return on equity of 9.16%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

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

What price target have analysts set for TOWN?

2 brokerages have issued 12 month price objectives for TowneBank's stock. Their forecasts range from $27.00 to $31.00. On average, they anticipate TowneBank's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 8.6% 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?

Press coverage about TOWN stock has trended negative on Monday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TowneBank earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for TowneBank.

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), IQIYI (IQ), CVS Health (CVS), Altria Group (MO), Weyerhaeuser (WY), Booking (BKNG) and CoStar Group (CSGP).

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 number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.94%), Price T Rowe Associates Inc. MD (7.71%), BlackRock Inc. (6.82%), Northern Trust Corp (1.75%), Renaissance Technologies LLC (1.55%) and Reliance Trust Co. (1.14%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, Vanguard Group Inc., River Oaks Capital LLC, Parametric Portfolio Associates LLC, Victory Capital Management Inc., Wilbanks Smith & Thomas Asset Management LLC and Bank of New York Mellon Corp.

Which institutional investors are buying TowneBank stock?

TOWN stock was bought by a variety of institutional investors in the last quarter, including Nuance Investments LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, DAVENPORT & Co LLC, Russell Investments Group Ltd., BlackRock Inc., Royal Bank of Canada and First Trust Advisors LP.

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 $26.70.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.92 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 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:  2.1 out of 5 (star star)
Outperform Votes:  166 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  389
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 8/19/2019 by MarketBeat.com Staff

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