TowneBank Stock Forecast, Price & News

TowneBank (NASDAQ:TOWN) Frequently Asked Questions

Is TowneBank a buy right now?

1 Wall Street 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 research analysts is that investors should "buy" TowneBank stock.
View analyst ratings for TowneBank or view top-rated stocks.

How has TowneBank's stock price 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 stock has increased by 48.3% and is now trading at $30.46.
View which stocks have been most impacted by COVID-19.

Are investors shorting TowneBank?

TowneBank saw a decline in short interest in October. As of October 29th, there was short interest totaling 348,600 shares, a decline of 19.7% from the October 14th total of 434,000 shares. Based on an average daily volume of 155,500 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the company's shares 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) posted its quarterly earnings data on Thursday, October, 28th. The bank reported $0.69 EPS for the quarter, topping the Zacks' consensus estimate of $0.65 by $0.04. The bank had revenue of $170.08 million for the quarter, compared to analyst estimates of $161.02 million. TowneBank had a net margin of 30.46% and a trailing twelve-month return on equity of 12.52%.
View TowneBank's earnings history.

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

TowneBank declared a quarterly dividend on Friday, November 26th. Shareholders of record on Thursday, December 30th will be paid a dividend of $0.20 per share on Wednesday, January 12th. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend 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 2.62%. TowneBank does not yet have a strong track record of dividend growth. 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 35.24% 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 brokerages have issued 12 month target prices for TowneBank's shares. Their forecasts range from $28.00 to $28.00. On average, they anticipate TowneBank's share price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 8.1%.
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.

Who are some of TowneBank's key competitors?

Some companies that are related to TowneBank include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Cullen/Frost Bankers (CFR).
View all of TOWN's 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 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 shareholders include BlackRock Inc. (6.37%), Dimensional Fund Advisors LP (4.03%), Goldman Sachs Group Inc. (2.28%), American Century Companies Inc. (2.04%), Geode Capital Management LLC (1.62%) and Renaissance Technologies LLC (1.03%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., American Century Companies Inc., Chartwell Investment Partners LLC, Renaissance Technologies LLC, Hotchkis & Wiley Capital Management LLC, Alliancebernstein L.P., Invesco Ltd., and Denali Advisors LLC.

Which institutional investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Seizert Capital Partners LLC, Dimensional Fund Advisors LP, Millennium Management LLC, Cubist Systematic Strategies LLC, SG Americas Securities LLC, Morgan Stanley, and Guggenheim Capital LLC.

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 $30.46.

How much money does TowneBank make?

TowneBank has a market capitalization of $2.21 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.