NASDAQ:TOWN - TowneBank Stock Price, Price Target & More

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$31.75 -0.25 (-0.78 %)

(As of 05/24/2018 04:00 PM ET)

Previous Close$32.00

Today's Range$31.30 - $31.95

52-Week Range$27.85 - $35.30

Volume83,600 shs

Average Volume166,838 shs

Market Capitalization$2.31 billion

P/E Ratio20.35

Dividend Yield1.74%

Beta1.01

About TowneBank (NASDAQ:TOWN)

TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate construction and acquisition loans. In addition, it provides other services, such as safe deposit boxes, cash management services, travelers' checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; asset management and commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 28, 2018, it operated 40 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia.

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Industry, Sector and Symbol

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

SymbolNASDAQ:TOWN

CUSIP89214P10

Webwww.townebank.com

Phone757-638-7500

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio20.35

Forward P/E Ratio15.64

P/E GrowthN/A

Sales & Book Value

Annual Sales$493.23 million

Price / Sales4.64

Cash Flow$1.64 per share

Price / Cash19.36

Book Value$17.42 per share

Price / Book1.82

Profitability

EPS (Most Recent Fiscal Year)$1.56

Net Income$87.66 million

Net Margins17.38%

Return on Equity9.52%

Return on Assets1.27%

Miscellaneous

Employees2,120

Outstanding Shares72,060,000

TowneBank (NASDAQ:TOWN) Frequently Asked Questions

What is TowneBank's stock symbol?

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

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

TowneBank announced a quarterly dividend on Thursday, May 24th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.16 per share on Tuesday, July 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from TowneBank's previous quarterly dividend of $0.14. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings results on Wednesday, April, 25th. The bank reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The bank earned $126.28 million during the quarter, compared to analysts' expectations of $122.39 million. TowneBank had a return on equity of 9.52% and a net margin of 17.38%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

5 Wall Street analysts have issued 12-month price targets for TowneBank's shares. Their predictions range from $32.00 to $35.00. On average, they expect TowneBank's share price to reach $34.00 in the next twelve months. View Analyst Ratings for TowneBank.

Who are some of TowneBank's key competitors?

Some companies that are related to TowneBank include Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank of the Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Texas Capital Bancshares (TCBI), Popular (BPOP), Associated Banc (ASB), Iberiabank (IBKC), Hancock (HBHC), Chemical Bank (CHFC), Investors Bank (ISBC) and Home BancShares (HOMB).

Who are TowneBank's key executives?

TowneBank's management team includes the folowing people:

Mr. G. Robert Aston Jr., Exec. Chairman (Age 73)
Mr. J. Morgan Davis, Pres, CEO, Chief Banking Officer & Director (Age 67)
Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 55)
Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 48)
Mr. David A. Patterson, Chief Accounting Officer & Exec. VP

Has TowneBank been receiving favorable news coverage?

Media stories about TOWN stock have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TowneBank earned a news sentiment score of 0.29 on Accern's scale. They also assigned media headlines about the bank an impact score of 47.04 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are TowneBank's major shareholders?

TowneBank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.63%), Dimensional Fund Advisors LP (3.18%), Northern Trust Corp (1.05%), The Manufacturers Life Insurance Company (0.65%), Schwab Charles Investment Management Inc. (0.45%) and Banc Funds Co. LLC (0.22%). View Institutional Ownership Trends for TowneBank.

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including LPL Financial LLC, Opus Capital Group LLC, Palladium Partners LLC, Teacher Retirement System of Texas, UBS Group AG, BNP Paribas Arbitrage SA and JPMorgan Chase & Co.. View Insider Buying and Selling for TowneBank.

Which major investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Banc Funds Co. LLC, Mendon Capital Advisors Corp, BB&T Securities LLC, Northern Trust Corp, Aldebaran Financial Inc. and Millennium Management LLC. View Insider Buying and Selling for TowneBank.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $31.75.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.31 billion and generates $493.23 million in revenue each year. The bank earns $87.66 million in net income (profit) each year or $1.56 on an earnings per share basis. TowneBank employs 2,120 workers across the globe.

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 or via email at [email protected]

MarketBeat Community Rating for TowneBank (TOWN)

Community Ranking:		2.1 out of 5 ( )
Outperform Votes:		96 (Vote Outperform)
Underperform Votes:		128 (Vote Underperform)
Total Votes:		224

MarketBeat's community ratings are surveys of what our community members think about TowneBank and other stocks. Vote "Outperform" if you believe TOWN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOWN will underperform the S&P 500 over the long term. You may vote once every thirty days.

TowneBank (NASDAQ:TOWN) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

5 Wall Street analysts have issued ratings and price targets for TowneBank in the last 12 months. Their average twelve-month price target is $34.00, suggesting that the stock has a possible upside of 7.09%. The high price target for TOWN is $35.00 and the low price target for TOWN is $32.00. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Hold	Hold	Hold	Hold
Consensus Rating Score:	2.20	2.00	2.00	2.00
Ratings Breakdown:	0 Sell Rating(s) 4 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 4 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 4 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 2 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$34.00	$34.00	$34.00	$34.00
Price Target Upside:	7.09% upside	17.85% upside	16.64% upside	1.49% upside

TowneBank (NASDAQ:TOWN) Consensus Price Target History

Price Target History for TowneBank (NASDAQ:TOWN)

TowneBank (NASDAQ:TOWN) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/3/2018	Brean Capital	Reiterated Rating	Hold		Medium
4/26/2018	Raymond James	Upgrade	Market Perform ➝ Outperform		Medium
2/6/2018	Sandler O'Neill	Reiterated Rating	Hold	$32.00	Low
1/9/2018	Piper Jaffray Companies	Reiterated Rating	Hold	$35.00	N/A
12/22/2017	Keefe, Bruyette & Woods	Reiterated Rating	Hold	$35.00	Low

(Data available from 5/24/2016 forward)

TowneBank (NASDAQ:TOWN) Earnings History and Estimates Chart

Earnings by Quarter for TowneBank (NASDAQ:TOWN)

TowneBank (NASDAQ:TOWN) Earnings Estimates

Current Year EPS Consensus Estimate: $2.03 EPS
Next Year EPS Consensus Estimate: $2.2 EPS

TowneBank (NASDAQ TOWN) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
7/25/2018		$0.50					N/A
4/25/2018	Q1 2018	$0.45	$0.46	$122.39 million	$126.28 million	View	N/A
1/25/2018	Q4 2017	$0.36	$0.37	$108.16 million	$109.14 million	View	N/A
10/26/2017	Q3 2017	$0.45	$0.4450	$118.96 million	$115.34 million	View	N/A
7/27/2017	Q2 2017	$0.41	$0.40	$109.46 million	$119.60 million	View	N/A
4/27/2017	Q1 2017	$0.37	$0.3530	$107.55 million	$105.17 million	View	N/A
1/26/2017	Q4 2016	$0.31	$0.32	$102.25 million	$101.67 million	View	N/A
10/27/2016	Q3 2016		$0.40		$109.43 million	View	N/A
7/28/2016	Q2	$0.35	$0.36		$84.25 million	View	N/A
4/28/2016	Q1	$0.29	$0.35		$78.75 million	View	N/A
1/29/2016	Q4	$0.30	$0.24		$71.41 million	View	N/A
10/22/2015	Q3	$0.32	$0.34	$72.20 million	$75.97 million	View	N/A
7/24/2015	Q2		$0.35		$77.97 million	View	N/A
4/27/2015	Q1 2015		$0.29		$72.37 million	View	N/A
2/2/2015	Q4 2014		$0.32		$59.54 million	View	N/A
10/23/2014	Q314		$0.34		$63.18 million	View	N/A
7/23/2014	Q214		$0.33		$61.88 million	View	N/A
4/24/2014	Q114		$0.31		($57.92) million	View	N/A
2/4/2014	Q4		$0.27		$55.17 million	View	N/A
10/25/2013	Q313		$0.28		$59.14 million	View	N/A
7/26/2013	Q2 2013		$0.31		$60.54 million	View	N/A
4/25/2013	Q1 2013	$0.25	$0.29	$60.34 million	$58.97 million	View	N/A
2/1/2013	Q4 2012	$0.24	$0.27			View	N/A
10/24/2012	Q3 2012	$0.27	$0.26			View	N/A
7/26/2012	Q2 2012		$0.26			View	N/A
4/24/2012	Q1 2012		$0.25			View	N/A
1/31/2012	Q4 2011	$0.19	$0.22			View	N/A
10/28/2011	Q3 2011	$0.13	$0.17			View	N/A
7/28/2011	Q2 2011		$0.17			View	N/A
5/4/2011	Q1 2011		$0.19			View	N/A
1/31/2011	Q4 2010	$0.08	$0.18			View	N/A
11/9/2010	Q3 2010	$0.12	$0.17			View	N/A
7/29/2010	Q2 2010		$0.16			View	N/A
4/22/2010	Q1 2010		$0.19			View	N/A
1/28/2010	Q4 2009	$0.13	$0.17			View	N/A
11/5/2009	Q3 2009		$0.18			View	N/A
7/23/2009	Q2 2009		$0.16			View	N/A
4/24/2009	Q1 2009		$0.18			View	N/A
1/29/2009	Q4 2008		$0.16			View	N/A
10/13/2008	Q3 2008		$0.24			View	N/A
7/16/2008	Q2 2008		$0.23			View	N/A

(Earnings results data provided by Zacks Investment Research)

TowneBank (NASDAQ:TOWN) Dividend Information

TowneBank pays an annual dividend of $0.56 per share, with a dividend yield of 1.76%. TOWN's next quarterly dividend payment will be made on Tuesday, July 10. TowneBank pays out 35.90% of its earnings out as a dividend.

Next Dividend:	7/10/2018
Annual Dividend:	$0.56
Dividend Yield:	1.76%
Payout Ratio(s):	35.90% (Trailing 12 Months of Earnings) 27.59% (Based on This Year's Estimates) 25.45% (Based on Next Year's Estimates) 34.15% (Based on Cash Flow)

Dividend Payments by Quarter for TowneBank (NASDAQ:TOWN)

TowneBank (NASDAQ:TOWN) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
5/24/2018	quarterly	$0.16	2.02%	6/28/2018	6/29/2018	7/10/2018
3/1/2018	quarterly	$0.14	1.97%	3/28/2018	3/29/2018	4/10/2018
11/22/2017	Quarterly	$0.14	1.68%	12/28/2017	12/29/2017	1/12/2018
8/29/2017	quarterly	$0.14	1.84%	9/28/2017	9/29/2017	10/12/2017
5/25/2017	quarterly	$0.14	1.89%	6/28/2017	6/30/2017	7/12/2017
2/23/2017	quarterly	$0.13	1.56%	3/28/2017	3/30/2017	4/12/2017
11/25/2016	Quarterly	$0.13		12/28/2016	12/30/2016	1/12/2017
8/25/2016	Quarterly	$0.13		9/28/2016	9/30/2016	10/12/2016
5/19/2016	Quarterly	$0.13		6/28/2016	6/30/2016	7/12/2016
2/25/2016	Quarterly	$0.12		3/28/2016	3/30/2016	4/12/2016
11/27/2015	Quarterly	$0.12		12/28/2015	12/30/2015	1/12/2016
8/26/2015		$0.12		9/28/2015	9/30/2015	10/9/2015
5/21/2015	quarterly	$0.12	3%	6/26/2015	6/30/2015	7/10/2015
3/2/2015	quarterly	$0.11	2.83%	3/26/2015	3/30/2015	4/10/2015
12/2/2014	quarterly	$0.11	2.96%	12/26/2014	12/30/2014	1/12/2015
8/28/2014	quarterly	$0.11	3%	9/24/2014	9/26/2014	10/10/2014
5/21/2014	quarterly	$0.11	2.84%	6/25/2014	6/27/2014	7/11/2014
2/26/2014	quarterly	$0.10	2.69%	3/26/2014	3/28/2014	4/11/2014
11/27/2013	quarterly	$0.10	2.63%	12/27/2013	12/31/2013	1/10/2014
8/29/2013	quarterly	$0.10	2.79%	9/25/2013	9/27/2013	10/11/2013

(Data available from 1/1/2013 forward)

TowneBank (NASDAQ TOWN) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 42.47%

Insider Trading History for TowneBank (NASDAQ:TOWN)

Institutional Ownership by Quarter for TowneBank (NASDAQ:TOWN)

TowneBank (NASDAQ TOWN) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details

(Data available from 1/1/2013 forward)

TowneBank (NASDAQ TOWN) News Headlines

Source:

Date	Headline
	TowneBank (TOWN) Announces Dividend Increase - $0.16 Per Share www.americanbankingnews.com - May 24 at 6:24 PM
	TowneBank (TOWN) Receives Consensus Rating of "Hold" from Analysts www.americanbankingnews.com - May 17 at 7:33 PM
	$133.65 Million in Sales Expected for TowneBank (TOWN) This Quarter www.americanbankingnews.com - May 14 at 2:48 AM
	TowneBank (TOWN) Expected to Post Earnings of $0.50 Per Share www.americanbankingnews.com - May 12 at 3:13 PM
	TowneBank (TOWN) Given Hold Rating at Brean Capital www.americanbankingnews.com - May 4 at 6:01 PM
	TowneBank (TOWN) Upgraded by Zacks Investment Research to Buy www.americanbankingnews.com - April 28 at 11:43 AM
	TowneBank (TOWN) Upgraded by BidaskClub to Sell www.americanbankingnews.com - April 28 at 7:40 AM
	TowneBank (TOWN) Releases Earnings Results, Beats Estimates By $0.01 EPS www.americanbankingnews.com - April 26 at 3:38 PM
	TowneBank (TOWN) Upgraded to Outperform at Raymond James www.americanbankingnews.com - April 26 at 9:48 AM
	TowneBank: 1Q Earnings Snapshot www.cnbc.com - April 25 at 4:13 PM
	TowneBank Reports First Quarter 2018 Earnings finance.yahoo.com - April 25 at 10:10 AM
	Should You Be Tempted To Sell TowneBank (NASDAQ:TOWN) Because Of Its PE Ratio? finance.yahoo.com - April 25 at 10:10 AM
	TowneBank (TOWN) Given Average Recommendation of "Hold" by Analysts www.americanbankingnews.com - April 22 at 7:24 PM
	BidaskClub Lowers TowneBank (TOWN) to Strong Sell www.americanbankingnews.com - April 20 at 11:17 AM
	TowneBank (TOWN) Set to Announce Earnings on Wednesday www.americanbankingnews.com - April 18 at 2:11 AM
	TowneBank (TOWN) Stock Rating Lowered by BidaskClub www.americanbankingnews.com - April 17 at 12:21 PM
	Why TowneBank (NASDAQ:TOWN) Is A Dividend Rockstar finance.yahoo.com - April 17 at 10:20 AM
	Brean Capital Reiterates "Hold" Rating for TowneBank (TOWN) www.americanbankingnews.com - April 16 at 12:05 PM
	TowneBank (TOWN) Rating Reiterated by Brean Capital www.americanbankingnews.com - April 5 at 2:28 PM
	TowneBank (TOWN) PT Set at $34.00 by Piper Jaffray www.americanbankingnews.com - April 2 at 3:42 PM
	Want To Invest In TowneBank (NASDAQ:TOWN)? Here’s How It Performed Lately finance.yahoo.com - March 31 at 9:52 AM
	TowneBank (TOWN) Downgraded to "Sell" at BidaskClub www.americanbankingnews.com - March 30 at 5:40 PM
	TowneBank's (TOWN) "Hold" Rating Reaffirmed at Piper Jaffray www.americanbankingnews.com - March 30 at 1:14 PM
	TowneBank (TOWN) Lowered to "Hold" at Zacks Investment Research www.americanbankingnews.com - March 28 at 1:33 PM
	TowneBank (TOWN) Upgraded to Sell at BidaskClub www.americanbankingnews.com - March 22 at 9:48 AM
	Should You Be Concerned About TowneBank’s (NASDAQ:TOWN) Liquidity? finance.yahoo.com - March 13 at 5:51 PM
	TowneBank (TOWN) Holdings Lifted by Schwab Charles Investment Management Inc. www.americanbankingnews.com - March 6 at 5:56 AM
	Chatter grows around formation of new banks in N.C. www.bizjournals.com - March 5 at 4:34 PM
	TowneBank (TOWN) Short Interest Down 38.3% in February www.americanbankingnews.com - March 4 at 1:20 AM
	Is TowneBank (NASDAQ:TOWN) Expensive For A Reason? A Look At The Intrinsic Value finance.yahoo.com - March 2 at 4:35 PM
	TowneBank (TOWN) to Issue Quarterly Dividend of $0.14 www.americanbankingnews.com - March 1 at 5:25 PM
	TowneBank (TOWN) Holdings Lifted by Fuller & Thaler Asset Management Inc. www.americanbankingnews.com - February 27 at 1:07 PM
	Raymond James Financial Services Advisors Inc. Acquires 5,896 Shares of TowneBank (TOWN) www.americanbankingnews.com - February 26 at 1:38 PM
	Financial Analysis: TowneBank (TOWN) vs. National Bank (NBHC) www.americanbankingnews.com - February 22 at 10:12 AM
	Towne Bank (TOWN) Names William B. Littreal as CFO www.streetinsider.com - February 17 at 9:22 AM
	BRIEF-Townebank Names William Littreal New CFO www.reuters.com - February 17 at 9:22 AM
	See what the IHS Markit Score report has to say about Towne Bank. finance.yahoo.com - February 17 at 9:22 AM
	TowneBank (TOWN) Given Average Rating of "Hold" by Analysts www.americanbankingnews.com - February 6 at 9:30 PM
	Sandler O'Neill Reiterates "Hold" Rating for TowneBank (TOWN) www.americanbankingnews.com - February 6 at 8:24 PM
	TowneBank Announces Retirement of Chief Financial Officer finance.yahoo.com - February 6 at 8:47 AM
	Brean Capital Reaffirms "Hold" Rating for TowneBank (TOWN) www.americanbankingnews.com - February 5 at 4:24 PM
	Analysts Expect TowneBank (TOWN) to Post $0.43 EPS www.americanbankingnews.com - February 3 at 3:26 AM
	Why TowneBank’s (NASDAQ:TOWN) Risk Management Makes It More Attractive finance.yahoo.com - February 2 at 8:48 AM
	TowneBank (TOWN) Raised to "Buy" at Zacks Investment Research www.americanbankingnews.com - January 31 at 2:50 PM
	TowneBank (TOWN) Stock Rating Reaffirmed by Brean Capital www.americanbankingnews.com - January 29 at 8:04 PM
	TowneBank Completes Merger With Paragon Commercial Corporation finance.yahoo.com - January 29 at 4:46 PM
	TowneBank (TOWN) and WesBanco (WSBC) Critical Analysis www.americanbankingnews.com - January 27 at 9:14 PM
	TowneBank (TOWN) Lowered to Strong Sell at BidaskClub www.americanbankingnews.com - January 27 at 12:18 AM
	TowneBank posts 4Q profit www.cnbc.com - January 26 at 8:52 AM
	Zacks: TowneBank (TOWN) Given Average Recommendation of "Hold" by Analysts www.americanbankingnews.com - January 25 at 11:26 PM

TowneBank (NASDAQ:TOWN) SEC Filings

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TowneBank (NASDAQ TOWN) Stock Chart for Thursday, May, 24, 2018

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This page was last updated on 5/24/2018 by MarketBeat.com Staff