QQQ   349.57 (+0.45%)
AAPL   179.21 (+1.11%)
MSFT   328.88 (+0.15%)
META   269.75 (+1.90%)
GOOGL   122.95 (+0.07%)
AMZN   121.70 (+0.93%)
TSLA   203.87 (-0.03%)
NVDA   392.98 (+3.87%)
NIO   7.48 (-0.66%)
BABA   82.72 (+3.98%)
AMD   119.10 (+0.75%)
T   15.80 (+0.45%)
F   12.04 (+0.33%)
MU   68.71 (+0.75%)
CGC   0.85 (+1.45%)
GE   103.97 (+2.40%)
DIS   88.07 (+0.13%)
AMC   4.62 (+2.67%)
PFE   38.09 (+0.18%)
PYPL   62.63 (+1.03%)
NFLX   400.54 (+1.34%)
QQQ   349.57 (+0.45%)
AAPL   179.21 (+1.11%)
MSFT   328.88 (+0.15%)
META   269.75 (+1.90%)
GOOGL   122.95 (+0.07%)
AMZN   121.70 (+0.93%)
TSLA   203.87 (-0.03%)
NVDA   392.98 (+3.87%)
NIO   7.48 (-0.66%)
BABA   82.72 (+3.98%)
AMD   119.10 (+0.75%)
T   15.80 (+0.45%)
F   12.04 (+0.33%)
MU   68.71 (+0.75%)
CGC   0.85 (+1.45%)
GE   103.97 (+2.40%)
DIS   88.07 (+0.13%)
AMC   4.62 (+2.67%)
PFE   38.09 (+0.18%)
PYPL   62.63 (+1.03%)
NFLX   400.54 (+1.34%)
QQQ   349.57 (+0.45%)
AAPL   179.21 (+1.11%)
MSFT   328.88 (+0.15%)
META   269.75 (+1.90%)
GOOGL   122.95 (+0.07%)
AMZN   121.70 (+0.93%)
TSLA   203.87 (-0.03%)
NVDA   392.98 (+3.87%)
NIO   7.48 (-0.66%)
BABA   82.72 (+3.98%)
AMD   119.10 (+0.75%)
T   15.80 (+0.45%)
F   12.04 (+0.33%)
MU   68.71 (+0.75%)
CGC   0.85 (+1.45%)
GE   103.97 (+2.40%)
DIS   88.07 (+0.13%)
AMC   4.62 (+2.67%)
PFE   38.09 (+0.18%)
PYPL   62.63 (+1.03%)
NFLX   400.54 (+1.34%)
QQQ   349.57 (+0.45%)
AAPL   179.21 (+1.11%)
MSFT   328.88 (+0.15%)
META   269.75 (+1.90%)
GOOGL   122.95 (+0.07%)
AMZN   121.70 (+0.93%)
TSLA   203.87 (-0.03%)
NVDA   392.98 (+3.87%)
NIO   7.48 (-0.66%)
BABA   82.72 (+3.98%)
AMD   119.10 (+0.75%)
T   15.80 (+0.45%)
F   12.04 (+0.33%)
MU   68.71 (+0.75%)
CGC   0.85 (+1.45%)
GE   103.97 (+2.40%)
DIS   88.07 (+0.13%)
AMC   4.62 (+2.67%)
PFE   38.09 (+0.18%)
PYPL   62.63 (+1.03%)
NFLX   400.54 (+1.34%)
NASDAQ:TOWN

TowneBank (TOWN) Stock Forecast, Price & News

$23.53
+0.29 (+1.25%)
(As of 11:20 AM ET)
Compare
Today's Range
$23.06
$23.63
50-Day Range
$21.47
$27.42
52-Week Range
$21.22
$33.42
Volume
25,326 shs
Average Volume
211,063 shs
Market Capitalization
$1.71 billion
P/E Ratio
9.45
Dividend Yield
3.91%
Price Target
$28.00

TowneBank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.5% Upside
$28.00 Price Target
Short Interest
Bearish
1.42% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.07mentions of TowneBank in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.93%
From $2.39 to $2.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

471st out of 901 stocks

State Commercial Banks Industry

137th out of 192 stocks


TOWN stock logo

About TowneBank (NASDAQ:TOWN) Stock

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

Receive TOWN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TowneBank and its competitors with MarketBeat's FREE daily newsletter.

TOWN Stock News Headlines

AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
TowneBank (NASDAQ:TOWN) Price Target Cut to $28.00
TowneBank (NASDAQ:TOWN) Cut to Sell at StockNews.com
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
TowneBank Reports First Quarter 2023 Earnings
TowneBank (NASDAQ:TOWN) Reaches New 12-Month Low at $24.10
TowneBank is Oversold
TowneBank (NASDAQ:TOWN) Shares Down 2.3%
TowneBank (NASDAQ:TOWN) Sees Large Growth in Short Interest
TowneBank: Q4 Earnings Snapshot
TowneBank declares $0.23 dividend
TowneBank Announces Completion of Farmers Bank Merger
See More Headlines

TOWN Price History

TOWN Company Calendar

Ex-Dividend for 4/12 Dividend
3/29/2023
Dividend Payable
4/12/2023
Last Earnings
4/27/2023
Today
6/01/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Employees
2,766
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+20.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$188.99 million
Pretax Margin
28.70%

Debt

Sales & Book Value

Annual Sales
$743.51 million
Cash Flow
$3.09 per share
Book Value
$27.35 per share

Miscellaneous

Free Float
66,824,000
Market Cap
$1.69 billion
Optionable
Optionable
Beta
0.95

Key Executives

  • William I. Foster
    Chief Executive Officer & Director
  • Dawn S. Glynn
    Co-President & Chief Experience Officer
  • R. Lee Clark
    Chief Operating Officer
  • William B. Littreal
    CFO, Chief Strategy & Investor Relations Officer
  • Keith D. Horton
    Chief Facilities Officer & Senior Executive VP













TOWN Stock - Frequently Asked Questions

Should I buy or sell TowneBank stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TOWN shares.
View TOWN analyst ratings
or view top-rated stocks.

What is TowneBank's stock price forecast for 2023?

3 analysts have issued twelve-month price objectives for TowneBank's stock. Their TOWN share price forecasts range from $28.00 to $28.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for TOWN
or view top-rated stocks among Wall Street analysts.

How have TOWN shares performed in 2023?

TowneBank's stock was trading at $30.84 at the beginning of 2023. Since then, TOWN stock has decreased by 24.6% and is now trading at $23.24.
View the best growth stocks for 2023 here
.

When is TowneBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our TOWN earnings forecast
.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its quarterly earnings results on Thursday, April, 27th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by $0.05. The bank earned $224.16 million during the quarter, compared to analysts' expectations of $188.79 million. TowneBank had a net margin of 22.91% and a trailing twelve-month return on equity of 10.04%.

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

TowneBank declared a quarterly dividend on Wednesday, May 24th. Investors of record on Friday, June 30th will be given a dividend of $0.25 per share on Friday, July 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, June 29th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for TOWN
.

Is TowneBank a good dividend stock?

TowneBank (NASDAQ:TOWN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.85%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWN will have a dividend payout ratio of 39.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TOWN.

What is J. Morgan Davis' approval rating as TowneBank's CEO?

12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among the company's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TowneBank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Dominion Energy (D), Noble (NE), Altria Group (MO), Southern (SO), Weyerhaeuser (WY), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).

What is TowneBank's stock symbol?

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

Who are TowneBank's major shareholders?

TowneBank's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.82%), Dimensional Fund Advisors LP (4.98%), Nuance Investments LLC (2.50%), State Street Corp (2.44%), American Century Companies Inc. (2.09%) and Geode Capital Management LLC (1.89%).

How do I buy shares of TowneBank?

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

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $23.24.

How much money does TowneBank make?

TowneBank (NASDAQ:TOWN) has a market capitalization of $1.69 billion and generates $743.51 million in revenue each year. The bank earns $188.99 million in net income (profit) each year or $2.49 on an earnings per share basis.

How many employees does TowneBank have?

The company employs 2,766 workers across the globe.

How can I contact TowneBank?

TowneBank's mailing address is 5716 High Street West, Portsmouth VA, 23703. The official website for the company is www.townebank.com. The bank can be reached via phone at (757) 638-7500, via email at william.littreal@townebank.net, or via fax at 215-832-1055.

This page (NASDAQ:TOWN) was last updated on 6/1/2023 by MarketBeat.com Staff

My Account -