NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

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

TowneBank announced a quarterly dividend on Wednesday, November 27th. Stockholders of record on Monday, December 30th will be paid 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 2.63%. 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 (EPS) for the quarter, topping the Zacks' 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.

3 Wall Street analysts have issued 12-month price targets 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 twelve months. This suggests a possible upside of 0.4% from the stock's current price. View Analyst Price Targets for TowneBank.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TowneBank.

News headlines about TOWN stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. TowneBank earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for TowneBank.

TowneBank saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 424,700 shares, an increase of 8.4% from the November 28th total of 391,900 shares. Based on an average daily volume of 133,700 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.7% of the company's shares are short sold. 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), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), 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 many different of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.22%), Strs Ohio (0.03%), Arbor Investment Advisors LLC (0.02%), Bay Rivers Group (0.02%) and Jaffetilchin Investment Partners LLC (0.01%).

TOWN stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and Arbor Investment Advisors LLC.

TOWN stock was bought by a variety of institutional investors in the last quarter, including Bay Rivers Group, Jaffetilchin Investment Partners LLC and Strs Ohio.

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 $27.39.

TowneBank has a market capitalization of $1.99 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]