NASDAQ:TOWN TowneBank - TOWN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TowneBank Please log in to your account or sign up in order to add this asset to your watchlist. $26.65 +0.23 (+0.87%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$26.32▼$26.7450-Day Range$26.42▼$31.4452-Week Range$26.01▼$33.42Volume285,269 shsAverage Volume203,125 shsMarket Capitalization$1.94 billionP/E Ratio10.25Dividend Yield3.45%Price TargetN/A ProfileAnalyst RatingsChartCompetitorsDividendEarningsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media TowneBank MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish1.25% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.57Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.11%From $2.71 to $2.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.01 out of 5 starsFinance Sector695th out of 890 stocksState Commercial Banks Industry170th out of 188 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for TowneBank. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.25% of the outstanding shares of TowneBank have been sold short.Short Interest Ratio / Days to CoverTowneBank has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in TowneBank has recently increased by 24.72%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldTowneBank pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTowneBank has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of TowneBank is 35.38%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TowneBank will have a dividend payout ratio of 34.33% next year. This indicates that TowneBank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TOWN. Previous Next 2.5 News and Social Media Coverage News SentimentTowneBank has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for TowneBank this week, compared to 1 article on an average week.MarketBeat Follows2 people have added TowneBank to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TowneBank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.14% of the stock of TowneBank is held by insiders.Percentage Held by Institutions52.75% of the stock of TowneBank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TowneBank are expected to decrease by -1.11% in the coming year, from $2.71 to $2.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TowneBank is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.61.Price to Earnings Ratio vs. SectorThe P/E ratio of TowneBank is 10.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 139.83.Price to Book Value per Share RatioTowneBank has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TowneBank (NASDAQ:TOWN) StockTowneBank 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.Read More Receive TOWN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TowneBank and its competitors with MarketBeat's FREE daily newsletter. Email Address TOWN Stock News HeadlinesMarch 31, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Shares Down 2.3% March 30, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Sees Large Growth in Short InterestMarch 31, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 27, 2023 | americanbankingnews.comTowneBank (TOWN) to Issue Quarterly Dividend of $0.23 on April 12thMarch 14, 2023 | finance.yahoo.comAubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of DirectorsMarch 9, 2023 | finance.yahoo.comInvestors in TowneBank (NASDAQ:TOWN) have made a notable return of 74% over the past three yearsMarch 7, 2023 | finance.yahoo.comTowneBank (TOWN) Stock Historical Prices & Data - Yahoo FinanceFebruary 25, 2023 | finance.yahoo.comTowneBank: Q4 Earnings SnapshotMarch 31, 2023 | UNKNOWN (Ad)The Value Of This Metal Is Going Unnoticed By Wall St.This Stock Could Be Undervalued Considering The Race For Renewable Energy Is Here!February 23, 2023 | msn.comTowneBank declares $0.23 dividendJanuary 26, 2023 | finance.yahoo.comTowneBank Reports Full Year and Fourth Quarter Financial Results for 2022January 17, 2023 | finance.yahoo.comTowneBank Announces Completion of Farmers Bank MergerJanuary 5, 2023 | finance.yahoo.comTowneBank Names Clark as Chief Operating OfficerNovember 23, 2022 | finance.yahoo.comTowneBank Announces Retirement and Transition of President and Chief Operating Officer RolesNovember 18, 2022 | finance.yahoo.comTowne Insurance buys Charlotte-based Lockhart Insurance, growing local presenceNovember 18, 2022 | finance.yahoo.comTowne Insurance Agency buys Charlotte-based Lockhart Insurance, growing local presenceOctober 27, 2022 | finance.yahoo.comTowneBank Reports Third Quarter 2022 EarningsOctober 21, 2022 | finance.yahoo.comTowneBank (NASDAQ:TOWN) is a favorite amongst institutional investors who own 55%October 13, 2022 | benzinga.comTowneBank Promotes Skinner, Davis and Wallace - Towne Bank (NASDAQ:TOWN) - BenzingaOctober 13, 2022 | globenewswire.comTowneBank Promotes Morrison and Miller - GlobeNewswireOctober 13, 2022 | finance.yahoo.comTowneBank Promotes Morrison and MillerOctober 11, 2022 | globenewswire.comTowneBank Promotes Skinner, Davis and Wallace - GlobeNewswireOctober 11, 2022 | finance.yahoo.comTowneBank Promotes Skinner, Davis and WallaceOctober 3, 2022 | globenewswire.comTowneBank Promotes Dawn S. Glynn - GlobeNewswireOctober 3, 2022 | finance.yahoo.comTowneBank Promotes Dawn S. GlynnOctober 2, 2022 | nasdaq.comTowneBank is Now Oversold (TOWN)September 7, 2022 | finance.yahoo.comEarnings grew faster than the 0.2% CAGR delivered to TowneBank (NASDAQ:TOWN) shareholders over the last five yearsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TOWN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TowneBank and its competitors with MarketBeat's FREE daily newsletter. Email Address TOWN Company Calendar Ex-Dividend for 1/12 Dividend12/29/2022Dividend Payable1/12/2023Last Earnings1/26/2023Ex-Dividend for 4/12 Dividend3/29/2023Today3/31/2023Dividend Payable4/12/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:TOWN CUSIP89214P10 CIKN/A Webwww.townebank.com Phone(757) 638-7500Fax215-832-1055Employees2,617Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio10.25 Forward P/E Ratio9.83 P/E GrowthN/ANet Income$188.99 million Net Margins25.42% Pretax Margin32.21% Return on Equity10.19% Return on Assets1.15% Debt Debt-to-Equity Ratio0.02 Current Ratio0.88 Quick Ratio0.87 Sales & Book Value Annual Sales$743.51 million Price / Sales2.61 Cash Flow$3.42 per share Price / Cash Flow7.79 Book Value$26.38 per share Price / Book1.01Miscellaneous Outstanding Shares72,750,000Free Float66,824,000Market Cap$1.94 billion OptionableOptionable Beta0.97 Key ExecutivesWilliam I. FosterChief Executive Officer & DirectorDawn S. GlynnCo-President & Chief Experience OfficerR. Lee ClarkChief Operating OfficerWilliam B. LittrealCFO, Chief Strategy & Investor Relations OfficerKeith D. HortonChief Facilities Officer & Senior Executive VPKey CompetitorsFirst BanCorp.NYSE:FBPSeacoast Banking Co. of FloridaNASDAQ:SBCFBannerNASDAQ:BANRBank of HawaiiNYSE:BOHRenasantNASDAQ:RNSTView All CompetitorsInstitutional OwnershipAldebaran Financial Inc.Sold 2,000 shares on 3/6/2023Ownership: 0.037%Equitable Trust Co.Bought 6,446 shares on 2/21/2023Ownership: 0.059%Ascent Group LLCBought 5,094 shares on 2/17/2023Ownership: 0.023%Chartwell Investment Partners LLCSold 5,272 shares on 2/16/2023Ownership: 0.510%Alliancebernstein L.P.Bought 1,600 shares on 2/16/2023Ownership: 0.122%View All Institutional Transactions TOWN Stock - Frequently Asked Questions Should I buy or sell TowneBank stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TOWN shares. View TOWN analyst ratings or view top-rated stocks. How have TOWN shares performed in 2023? TowneBank's stock was trading at $30.84 at the beginning of the year. Since then, TOWN shares have decreased by 13.6% and is now trading at $26.65. View the best growth stocks for 2023 here. Are investors shorting TowneBank? TowneBank saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 909,100 shares, an increase of 24.7% from the February 28th total of 728,900 shares. Based on an average trading volume of 187,900 shares, the days-to-cover ratio is presently 4.8 days. View TowneBank's Short Interest. When is TowneBank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our TOWN earnings forecast. How were TowneBank's earnings last quarter? TowneBank (NASDAQ:TOWN) announced its earnings results on Thursday, January, 26th. The bank reported $0.65 earnings per share for the quarter. The bank earned $175.31 million during the quarter. TowneBank had a net margin of 25.42% and a trailing twelve-month return on equity of 10.19%. How often does TowneBank pay dividends? What is the dividend yield for TowneBank? TowneBank announced a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Thursday, March 30th will be paid a dividend of $0.23 per share on Wednesday, April 12th. This represents a $0.92 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, March 29th. Read our dividend analysis for TOWN. What ETFs hold TowneBank's stock? ETFs with the largest weight of TowneBank (NASDAQ:TOWN) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), Hartford Multifactor Small Cap ETF (ROSC), Timothy Plan US Small Cap Core ETF (TPSC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and WisdomTree U.S. SmallCap Fund (EES). Is TowneBank a good dividend stock? TowneBank (NASDAQ:TOWN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.36%. 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%. Based on earnings estimates, TOWN will have a dividend payout ratio of 34.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TOWN. What is J. Morgan Davis' approval rating as TowneBank's CEO? 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. 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 institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (5.05%), Dimensional Fund Advisors LP (4.65%), American Century Companies Inc. (1.97%), Nuance Investments LLC (1.76%), Geode Capital Management LLC (1.76%) and Charles Schwab Investment Management Inc. (0.92%). How do I buy shares of TowneBank? 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. Compare Top Brokerages Here. What is TowneBank's stock price today? One share of TOWN stock can currently be purchased for approximately $26.65. How much money does TowneBank make? TowneBank (NASDAQ:TOWN) has a market capitalization of $1.94 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. How many employees does TowneBank have? The company employs 2,617 workers across the globe. How can I contact TowneBank? 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. This page (NASDAQ:TOWN) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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