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 Daily Premium 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. $31.44 +0.20 (+0.64%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$30.87▼$31.7650-Day Range$29.33▼$32.7452-Week Range$26.18▼$33.42Volume240,042 shsAverage Volume170,605 shsMarket Capitalization$2.29 billionP/E Ratio12.09Dividend Yield2.93%Price TargetN/A ProfileChartCompetitorsDividendEarningsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media TowneBank MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy1.25% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.45Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.2.10 out of 5 starsFinance Sector511th out of 854 stocksState Commercial Banks Industry110th out of 178 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for TowneBank. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.25% of the float of TowneBank has been sold short.Short Interest Ratio / Days to CoverTowneBank has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in TowneBank has recently decreased by 6.66%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldTowneBank pays a meaningful dividend of 2.93%, 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%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TOWN. Previous Next 1.9 News and Social Media Coverage News SentimentTowneBank has a news sentiment score of 0.45. 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 2 news articles for TowneBank this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added TowneBank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 Price to Earnings Ratio vs. the MarketThe P/E ratio of TowneBank is 12.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.54.Price to Earnings Ratio vs. SectorThe P/E ratio of TowneBank is 12.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 183.20.Price to Book Value per Share RatioTowneBank has a P/B Ratio of 1.19. 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 HeadlinesJanuary 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 MergerFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 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 EarningsFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.October 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 yearsSeptember 6, 2022 | nasdaq.comUBS Group (UBS) and Wealthfront Terminate Merger Agreement - NasdaqSeptember 3, 2022 | bizjournals.comTBJ Plus: Cary lauded for safety; Wake real estate prices fall; Pricey game in Boone - The Business JournalsAugust 26, 2022 | seekingalpha.comTowneBank: Strengthening Its Position With Farmers Bank AcquisitionAugust 26, 2022 | globenewswire.comTowneBank Names Chief Executive Officer Successor - GlobeNewswireAugust 26, 2022 | finance.yahoo.comTowneBank Names Chief Executive Officer SuccessorAugust 26, 2022 | seekingalpha.comTowneBank lays down CEO succession planAugust 24, 2022 | nasdaq.comUBS Agrees to Divest Its Feeder Fund Platform to iCapital - NasdaqAugust 24, 2022 | nasdaq.comTruist (TFC) Buys Zaloni Assets, Extends Data Management Skills - NasdaqSee 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 Last Earnings10/28/2021Ex-Dividend for 1/12 Dividend12/29/2022Dividend Payable1/12/2023Today2/05/2023Next 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 Ratio12.09 Forward P/E RatioN/A 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 / Sales3.08 Cash Flow$3.52 per share Price / Cash Flow8.94 Book Value$26.38 per share Price / Book1.19Miscellaneous Outstanding Shares72,750,000Free Float66,824,000Market Cap$2.29 billion OptionableOptionable Beta0.98 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 CompetitorsBannerNASDAQ:BANRHeartland Financial USANASDAQ:HTLFColumbia Banking SystemNASDAQ:COLBRenasantNASDAQ:RNSTEnterprise Financial ServicesNASDAQ:EFSCView All CompetitorsInsiders & InstitutionsCuri Wealth Management LLCBought 6,500 shares on 2/3/2023Ownership: 0.009%SG Americas Securities LLCSold 920 shares on 2/2/2023Ownership: 0.024%O Brien Greene & Co. IncSold 32,084 shares on 2/2/2023Ownership: 0.022%Bailard Inc.Sold 12,692 shares on 2/2/2023Ownership: 0.013%ProShare Advisors LLCBought 1,242 shares on 2/2/2023Ownership: 0.012%View All Institutional Transactions TOWN Stock - Frequently Asked Questions How have TOWN shares performed in 2023? TowneBank's stock was trading at $30.84 at the start of the year. Since then, TOWN shares have increased by 1.9% and is now trading at $31.44. View the best growth stocks for 2023 here. 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) posted its quarterly earnings data on Thursday, October, 28th. The bank reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 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 Monday, November 28th. Investors of record on Friday, December 30th will be given a dividend of $0.23 per share on Thursday, January 12th. This represents a $0.92 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, December 29th. Read our dividend analysis for TOWN. 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 2.93%. 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%. 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 a variety of institutional and retail investors. Top institutional investors include DAVENPORT & Co LLC (0.69%), New York State Common Retirement Fund (0.18%), Seizert Capital Partners LLC (0.16%), State of New Jersey Common Pension Fund D (0.10%), Strs Ohio (0.04%) and Arbor Investment Advisors LLC (0.02%). 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 $31.44. How much money does TowneBank make? TowneBank (NASDAQ:TOWN) has a market capitalization of $2.29 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 2/5/2023 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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