NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

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

TowneBank declared a quarterly dividend on Wednesday, November 27th. Shareholders of record on Monday, December 30th will be given a dividend of $0.18 per share on Friday, January 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, December 27th. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Thursday, January, 23rd. The bank reported $0.49 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.05. The bank had revenue of $139.67 million for the quarter, compared to the consensus estimate of $139.19 million. TowneBank had a return on equity of 8.69% and a net margin of 20.61%. View TowneBank's Earnings History.

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for TowneBank.

2 brokerages have issued twelve-month target prices for TowneBank's stock. Their forecasts range from $27.00 to $28.00. On average, they expect TowneBank's share price to reach $27.50 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for TowneBank.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TowneBank.

Press coverage about TOWN stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TowneBank earned a coverage optimism score of 0.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for TowneBank.

TowneBank saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 484,100 shares, an increase of 10.8% from the January 15th total of 436,800 shares. Based on an average daily trading volume, of 120,500 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.7% of the company's stock are sold short. View TowneBank's Current Options Chain.

Some companies that are related to TowneBank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D), Noble (NE), Altria Group (MO), Goodyear Tire & Rubber (GT), IQIYI (IQ), NVIDIA (NVDA), Southern (SO), Weyerhaeuser (WY), Enterprise Products Partners (EPD) and Main Street Capital (MAIN).

TowneBank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (1.87%), Goldman Sachs Group Inc. (1.73%), Renaissance Technologies LLC (1.70%), Geode Capital Management LLC (1.23%), Bank of New York Mellon Corp (0.68%) and Chartwell Investment Partners LLC (0.58%).

TOWN stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of America Corp DE, Equitable Trust Co., Raymond James Financial Services Advisors Inc., Acadian Asset Management LLC, California Public Employees Retirement System, Salomon & Ludwin LLC and Driehaus Capital Management LLC.

TOWN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Renaissance Technologies LLC, Goldman Sachs Group Inc., PBMares Wealth Management LLC, Captrust Financial Advisors, State Street Corp, UBS Group AG and Barclays PLC.

Shares of TOWN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TOWN stock can currently be purchased for approximately $26.72.

TowneBank has a market capitalization of $1.94 billion and generates $673.41 million in revenue each year. The bank earns $138.78 million in net income (profit) each year or $1.93 on an earnings per share basis. TowneBank employs 2,410 workers across the globe.View Additional Information About TowneBank.

The official website for TowneBank is http://www.townebank.com/.

TowneBank's mailing address is 5716 High Street, Portsmouth VA, 23703. The bank can be reached via phone at 757-638-7500 or via email at [email protected]