NASDAQ:TOWN - TowneBank Stock Price, News, & Analysis

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$26.29 +0.54 (+2.10 %)
(As of 05/26/2019 04:00 PM ET)
Previous Close$26.29
Today's Range$25.87 - $26.31
52-Week Range$22.88 - $33.85
Volume66,079 shs
Average Volume104,866 shs
Market Capitalization$1.89 billion
P/E Ratio13.28
Dividend Yield2.46%
Beta1.12
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.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:TOWN
CUSIP89214P10
CIKN/A
Phone757-638-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$613.42 million
Cash Flow$2.4053 per share
Book Value$21.73 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$1.89 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 announced a quarterly dividend on Thursday, May 23rd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share on Wednesday, July 10th. This represents a $0.72 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, June 27th. This is a positive change from TowneBank's previous quarterly dividend of $0.16. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings results on Thursday, April, 25th. The bank reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by $0.05. The bank had revenue of $133.85 million for the quarter, compared to the consensus estimate of $138.13 million. TowneBank had a net margin of 22.24% and a return on equity of 9.31%. 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 analysts have issued 12 month price objectives for TowneBank's shares. Their forecasts range from $31.00 to $34.00. On average, they expect TowneBank's share price to reach $32.50 in the next year. This suggests a possible upside of 23.6% 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?

News articles about TOWN stock have trended somewhat negative on Sunday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TowneBank earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of TowneBank's key 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 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 variety of of retail and institutional investors. Top institutional investors 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 major 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 major investors are buying TowneBank stock?

TOWN stock was acquired 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 $26.29.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.89 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 (star star)
Outperform Votes:  160 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  364
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.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

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