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NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

$27.87
+0.02 (+0.07 %)
(As of 01/24/2020 08:27 AM ET)
Today's Range
$27.68
Now: $27.87
$28.00
50-Day Range
$27.36
MA: $28.06
$28.87
52-Week Range
$23.71
Now: $27.87
$29.02
Volume194,283 shs
Average Volume94,663 shs
Market Capitalization$2.02 billion
P/E Ratio14.37
Dividend Yield2.59%
Beta1.08
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. Read More…

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$2.41 per share
Book Value$21.35 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$2.02 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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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 Wednesday, November 27th. Stockholders of record on Monday, December 30th will be given 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 2.58%. The ex-dividend date is Friday, December 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) issued its earnings results on Thursday, January, 23rd. The bank reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. TowneBank had a net margin of 21.05% and a return on equity of 8.81%. View TowneBank's Earnings History.

What price target have analysts set for TOWN?

3 brokerages 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 stock price to reach $27.50 in the next year. This suggests that the stock has a possible downside of 1.3%. View Analyst Price Targets for TowneBank.

What is the consensus analysts' recommendation 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.

Has TowneBank been receiving favorable news coverage?

News articles about TOWN stock have been trending very positive recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TowneBank earned a news sentiment score of 3.9 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for TowneBank.

Are investors shorting TowneBank?

TowneBank saw a increase in short interest during 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 trading volume, of 133,700 shares, the short-interest ratio is currently 3.2 days. Approximately 0.7% of the company's shares are sold short. View TowneBank's Current Options Chain.

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 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).

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 Arbor Investment Advisors LLC (0.02%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Arbor Investment Advisors LLC.

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, Robinhood, Fidelity and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $27.87.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.02 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.View Additional Information About TowneBank.

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, 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:  2.1 out of 5 (star star)
Outperform Votes:  176 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  417
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 1/24/2020 by MarketBeat.com Staff

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