NASDAQ:TOWN - TowneBank Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $26.04 -0.32 (-1.21 %) (As of 05/22/2019 04:00 PM ET)Previous Close$26.36Today's Range$26.01 - $26.3552-Week Range$22.88 - $33.85Volume59,723 shsAverage Volume104,580 shsMarket Capitalization$1.88 billionP/E Ratio13.15Dividend Yield2.43%Beta1.12 ProfileAnalyst RatingsChartDividendEarningsInstitutional OwnershipHeadlinesOptions ChainSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts, and negotiable order of withdrawal 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 acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, cash management services, 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; investment and asset management services; 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, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 27, 2019, it operated 41 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia. Receive TOWN News and Ratings via Email Sign-up to receive the latest news and ratings for TOWN and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:TOWN Previous Symbol CUSIP89214P10 CIKN/A Webhttp://www.townebank.com/ Phone757-638-7500Debt Debt-to-Equity Ratio0.52 Current Ratio1.02 Quick Ratio1.00Price-To-Earnings Trailing P/E Ratio13.15 Forward P/E Ratio13.42 P/E GrowthN/A Sales & Book Value Annual Sales$613.42 million Price / Sales3.06 Cash Flow$2.4178 per share Price / Cash Flow10.77 Book Value$21.35 per share Price / Book1.22Profitability EPS (Most Recent Fiscal Year)$1.98 Net Income$133.79 million Net Margins22.24% Return on Equity9.40% Return on Assets1.28%Miscellaneous Employees2,410 Outstanding Shares72,060,000Market Cap$1.88 billion Next Earnings Date7/25/2019 (Estimated) OptionableOptionable 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 declared a quarterly dividend on Thursday, February 28th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.16 per share on Wednesday, April 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, March 28th. View TowneBank's Dividend History. How were TowneBank's earnings last quarter? TowneBank (NASDAQ:TOWN) issued its quarterly earnings data on Thursday, April, 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.05. The bank earned $133.85 million during the quarter, compared to analysts' expectations of $138.13 million. TowneBank had a net margin of 22.24% and a return on equity of 9.40%. 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 25th 2019. View Earnings Estimates for TowneBank. What price target have analysts set for TOWN? 2 Wall Street analysts have issued 1 year price targets for TowneBank's stock. Their predictions range from $31.00 to $34.00. On average, they expect TowneBank's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price. View Analyst Price Targets for TowneBank. What is the consensus analysts' recommendation 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. Has TowneBank been receiving favorable news coverage? Media headlines about TOWN stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. TowneBank earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the stock's share price in the near future. Who are some of TowneBank's key competitors? Some companies that are related to TowneBank include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), IBERIABANK (IBKC), Wintrust Financial (WTFC), Bank Ozk (OZK), United Bankshares (UBSI), First Hawaiian (FHB), Associated Banc (ASB), Glacier Bancorp (GBCI) and Bank of Hawaii (BOH). What other stocks do shareholders of TowneBank own? Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Noble (NE), Dominion Energy (D), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), IQIYI (IQ), CVS Health (CVS), Altria Group (MO), Weyerhaeuser (WY), Booking (BKNG) and CoStar Group (CSGP). Who are TowneBank's key executives? TowneBank's management team includes the folowing people: Mr. G. Robert Aston Jr., Exec. Chairman (Age 74)Mr. J. Morgan Davis, Pres, CEO & Director (Age 68)Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 56)Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 49)Mr. Kevin L. Fly, Sr. EVP & Chief Accounting Officer (Age 53) Who are TowneBank's major shareholders? TowneBank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.78%), Dimensional Fund Advisors LP (3.63%), Northern Trust Corp (1.71%), Goldman Sachs Group Inc. (1.57%), Renaissance Technologies LLC (1.50%) and Geode Capital Management LLC (1.18%). Which institutional investors are selling TowneBank stock? TOWN stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, IndexIQ Advisors LLC, Opus Capital Group LLC, First Trust Advisors LP, Federated Investors Inc. PA, BlueMountain Capital Management LLC, Wilbanks Smith & Thomas Asset Management LLC and Chartwell Investment Partners LLC. Which institutional investors are buying TowneBank stock? TOWN stock was bought by a variety of institutional investors in the last quarter, including Reliance Trust Co., Dimensional Fund Advisors LP, Geode Capital Management LLC, Renaissance Technologies LLC, BlackRock Inc., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC and Goldman Sachs Group Inc.. 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 $26.04. How big of a company is TowneBank? TowneBank has a market capitalization of $1.88 billion and generates $613.42 million in revenue each year. The bank earns $133.79 million in net income (profit) each year or $1.98 on an earnings per share basis. TowneBank employs 2,410 workers across the globe. What is TowneBank's official website? The official website for TowneBank is http://www.townebank.com/. 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 (NASDAQ TOWN)Community Ranking: 2.2 out of 5 ( )Outperform Votes: 160 (Vote Outperform)Underperform Votes: 202 (Vote Underperform)Total Votes: 362MarketBeat'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. This page was last updated on 5/22/2019 by MarketBeat.com StaffFeatured Article: Are all No-Load Funds Equal? Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.