NASDAQ:TOWN TowneBank (TOWN) Stock Forecast, Price & News $23.53 +0.29 (+1.25%) (As of 11:20 AM ET) Add Compare Share Share Today's Range$23.06▼$23.6350-Day Range$21.47▼$27.4252-Week Range$21.22▼$33.42Volume25,326 shsAverage Volume211,063 shsMarket Capitalization$1.71 billionP/E Ratio9.45Dividend Yield3.91%Price Target$28.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainShort InterestSocial Media TowneBank MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside20.5% Upside$28.00 Price TargetShort InterestBearish1.42% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.07Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-2.93%From $2.39 to $2.32 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.2.44 out of 5 starsFinance Sector471st out of 901 stocksState Commercial Banks Industry137th out of 192 stocks 2.3 Analyst's Opinion Consensus RatingTowneBank has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.00, TowneBank has a forecasted upside of 20.5% from its current price of $23.24.Amount of Analyst CoverageTowneBank has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.42% 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 4.3.Change versus previous monthShort interest in TowneBank has recently increased by 8.44%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipTowneBank is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTowneBank has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of TowneBank is 36.95%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TowneBank will have a dividend payout ratio of 39.66% 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 3.4 News and Social Media Coverage News SentimentTowneBank has a news sentiment score of 1.07. 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 is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for TowneBank this week, compared to 2 articles on an average week.Search Interest1 people have searched for TOWN on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added TowneBank to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for TowneBank are expected to decrease by -2.93% in the coming year, from $2.39 to $2.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TowneBank is 9.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.09.Price to Earnings Ratio vs. SectorThe P/E ratio of TowneBank is 9.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.95.Price to Book Value per Share RatioTowneBank has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued 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 HeadlinesMay 29, 2023 | msn.comFree and affordable things for families to do in the Triad this summer!May 28, 2023 | finance.yahoo.comTowneBank (NASDAQ:TOWN) Will Pay A Larger Dividend Than Last Year At $0.25June 1, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 19, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Receives New Coverage from Analysts at StockNews.comMay 17, 2023 | msn.comHampton University to build premium seating area at Armstrong Stadium with $1 million pledge from TowneBankMay 5, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Price Target Cut to $28.00May 4, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) PT Lowered to $28.00 at Piper SandlerMay 1, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Cut to Sell at StockNews.comJune 1, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.April 27, 2023 | finance.yahoo.comTowneBank Reports First Quarter 2023 EarningsApril 27, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Reaches New 12-Month Low at $24.10April 19, 2023 | finance.yahoo.comInstitutional owners may take dramatic actions as TowneBank's (NASDAQ:TOWN) recent 4.3% drop adds to one-year lossesApril 15, 2023 | nasdaq.comTowneBank is OversoldApril 14, 2023 | msn.comNew EMS station being built in Southern Shores as Dare overhauls facilitiesApril 12, 2023 | bizjournals.comChapel Hill developers prep new condos, million-dollar estatesApril 12, 2023 | bizjournals.comRaleigh's development pipeline shrinks as CRE investors forced to hit pauseApril 9, 2023 | americanbankingnews.comKeefe, Bruyette & Woods Trims TowneBank (NASDAQ:TOWN) Target Price to $28.00March 31, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Shares Down 2.3% March 30, 2023 | americanbankingnews.comTowneBank (NASDAQ:TOWN) Sees Large Growth in Short InterestMarch 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 SnapshotFebruary 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 MergerSee More Headlines TOWN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TOWN Company Calendar Ex-Dividend for 4/12 Dividend3/29/2023Dividend Payable4/12/2023Last Earnings4/27/2023Today6/01/2023Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Next Earnings (Estimated)7/27/2023Fiscal 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) 638-7500Fax215-832-1055Employees2,766Year FoundedN/APrice Target and Rating Average Stock Price Forecast$28.00 High Stock Price Forecast$28.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+20.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.49 Trailing P/E Ratio9.33 Forward P/E Ratio9.72 P/E GrowthN/ANet Income$188.99 million Net Margins22.91% Pretax Margin28.70% Return on Equity10.04% Return on Assets1.17% Debt Debt-to-Equity Ratio0.25 Current Ratio0.90 Quick Ratio0.88 Sales & Book Value Annual Sales$743.51 million Price / Sales2.27 Cash Flow$3.09 per share Price / Cash Flow7.51 Book Value$27.35 per share Price / Book0.85Miscellaneous Outstanding Shares72,750,000Free Float66,824,000Market Cap$1.69 billion OptionableOptionable Beta0.95 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 CompetitorsCVB FinancialNASDAQ:CVBFSeacoast Banking Co. of FloridaNASDAQ:SBCFBank of HawaiiNYSE:BOHBannerNASDAQ:BANREnterprise Financial ServicesNASDAQ:EFSCView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 532 shares on 5/26/2023Ownership: 0.011%Ameriprise Financial Inc.Sold 16,129 shares on 5/22/2023Ownership: 0.663%JPMorgan Chase & Co.Bought 221,545 shares on 5/18/2023Ownership: 0.478%New York State Common Retirement FundSold 35,697 shares on 5/18/2023Ownership: 0.129%Steward Partners Investment Advisory LLCSold 556 shares on 5/16/2023Ownership: 0.012%View All Institutional Transactions TOWN Stock - Frequently Asked Questions Should I buy or sell TowneBank stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TOWN shares. View TOWN analyst ratings or view top-rated stocks. What is TowneBank's stock price forecast for 2023? 3 analysts have issued twelve-month price objectives for TowneBank's stock. Their TOWN share price forecasts range from $28.00 to $28.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View analysts price targets for TOWN or view top-rated stocks among Wall Street analysts. How have TOWN shares performed in 2023? TowneBank's stock was trading at $30.84 at the beginning of 2023. Since then, TOWN stock has decreased by 24.6% and is now trading at $23.24. 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, July 27th 2023. View our TOWN earnings forecast. How were TowneBank's earnings last quarter? TowneBank (NASDAQ:TOWN) announced its quarterly earnings results on Thursday, April, 27th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by $0.05. The bank earned $224.16 million during the quarter, compared to analysts' expectations of $188.79 million. TowneBank had a net margin of 22.91% and a trailing twelve-month return on equity of 10.04%. How often does TowneBank pay dividends? What is the dividend yield for TowneBank? TowneBank declared a quarterly dividend on Wednesday, May 24th. Investors of record on Friday, June 30th will be given a dividend of $0.25 per share on Friday, July 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, June 29th. This is an increase from the stock's previous quarterly dividend of $0.23. 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), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA), Timothy Plan US Small Cap Core ETF (TPSC), WisdomTree U.S. SmallCap Fund (EES) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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 3.85%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWN will have a dividend payout ratio of 39.66% 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.82%), Dimensional Fund Advisors LP (4.98%), Nuance Investments LLC (2.50%), State Street Corp (2.44%), American Century Companies Inc. (2.09%) and Geode Capital Management LLC (1.89%). 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 $23.24. How much money does TowneBank make? TowneBank (NASDAQ:TOWN) has a market capitalization of $1.69 billion and generates $743.51 million in revenue each year. The bank earns $188.99 million in net income (profit) each year or $2.49 on an earnings per share basis. How many employees does TowneBank have? The company employs 2,766 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 6/1/2023 by MarketBeat.com Staff 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. 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