S&P 500   4,356.45
DOW   34,297.73
QQQ   345.11
S&P 500   4,356.45
DOW   34,297.73
QQQ   345.11
S&P 500   4,356.45
DOW   34,297.73
QQQ   345.11
S&P 500   4,356.45
DOW   34,297.73
QQQ   345.11

TowneBank Stock Forecast, Price & News

-0.03 (-0.09%)
(As of 01/25/2022 04:00 PM ET)
Today's Range
50-Day Range
52-Week Range
202,515 shs
Average Volume
266,276 shs
Market Capitalization
$2.37 billion
P/E Ratio
Dividend Yield
30 days | 90 days | 365 days | Advanced Chart
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TowneBank logo

About TowneBank

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.


TowneBank Announces Quarterly Cash Dividend - GlobeNewswire
November 24, 2021 |  globenewswire.com
What Kind Of Investors Own Most Of TowneBank (NASDAQ:TOWN)?
November 23, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

State commercial banks
Regional Banks
Current Symbol
Year Founded

Sales & Book Value

Annual Sales
$744.35 million
Cash Flow
$2.35 per share
Book Value
$24.56 per share


Net Income
$145.54 million
Pretax Margin




Free Float
Market Cap
$2.37 billion

Company Calendar

Last Earnings
Ex-Dividend for 1/12 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End


Overall MarketRank

2.32 out of 5 stars

Finance Sector

434th out of 1,356 stocks

State Commercial Banks Industry

83rd out of 235 stocks

Analyst Opinion: 1.5Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

TowneBank (NASDAQ:TOWN) Frequently Asked Questions

Is TowneBank a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TowneBank stock.
View analyst ratings for TowneBank
or view top-rated stocks.

How has TowneBank's stock been impacted by Coronavirus (COVID-19)?

TowneBank's stock was trading at $20.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOWN shares have increased by 58.6% and is now trading at $32.57.
View which stocks have been most impacted by COVID-19

Are investors shorting TowneBank?

TowneBank saw a decrease in short interest in December. As of December 31st, there was short interest totaling 179,800 shares, a decrease of 39.2% from the December 15th total of 295,800 shares. Based on an average daily volume of 172,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.
View TowneBank's Short Interest

When is TowneBank's next earnings date?

TowneBank is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for TowneBank

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) released its quarterly 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 12.52% and a net margin of 30.46%.
View TowneBank's earnings history

How often does TowneBank pay dividends? What is the dividend yield for TowneBank?

TowneBank announced a quarterly dividend on Friday, November 26th. Stockholders of record on Thursday, December 30th will be given a dividend of $0.20 per share on Wednesday, January 12th. This represents a $0.80 annualized dividend and a yield of 2.46%. The ex-dividend date is Wednesday, December 29th.
View TowneBank's dividend history

Is TowneBank a good dividend stock?

TowneBank pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.45%. TowneBank 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 of TowneBank is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TowneBank will have a dividend payout ratio of 35.71% next year. This indicates that TowneBank will be able to sustain or increase its dividend.
View TowneBank's dividend history.

What price target have analysts set for TOWN?

1 brokers have issued 1-year price targets for TowneBank's stock. Their forecasts range from $28.00 to $28.00. On average, they expect TowneBank's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 14.0%.
View analysts' price targets for TowneBank
or view top-rated stocks among Wall Street analysts.

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • J. Morgan Davis, Chief Executive Officer & Director
  • Brad E. Schwartz, President, Chief Operating Officer & Director
  • William B. Littreal, CFO, Chief Strategy & Investor Relations Officer
  • Keith D. Horton, Chief Facilities Officer & Senior Executive VP
  • Philip M. Rudisill, Chief Credit Officer & Senior Executive VP

What is J. Morgan Davis' approval rating as TowneBank's CEO?

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

What other stocks do shareholders of TowneBank own?

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).

What is TowneBank's stock symbol?

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

Who are TowneBank's major shareholders?

TowneBank's stock is owned by many different retail and institutional investors. Top institutional investors include Strs Ohio (0.05%), Compton Wealth Advisory Group LLC (0.01%) and Russell Investments Group Ltd. (0.01%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd..

Which institutional investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Compton Wealth Advisory Group LLC, and Strs Ohio.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $32.57.

How much money does TowneBank make?

TowneBank has a market capitalization of $2.37 billion and generates $744.35 million in revenue each year. The bank earns $145.54 million in net income (profit) each year or $3.10 on an earnings per share basis.

How many employees does TowneBank have?

TowneBank employs 2,490 workers across the globe.

What is TowneBank's official website?

The official website for TowneBank is www.townebank.com.

Where are TowneBank's headquarters?

TowneBank is headquartered at 5716 High Street West, Portsmouth VA, 23703.

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, via email at [email protected], or via fax at 215-832-1055.

This page was last updated on 1/26/2022 by MarketBeat.com Staff


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