S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ally Financial expands NASCAR spend with 2 new partnerships
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ally Financial expands NASCAR spend with 2 new partnerships
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ally Financial expands NASCAR spend with 2 new partnerships
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ally Financial expands NASCAR spend with 2 new partnerships
'Knock at the Cabin' knocks off 'Avatar' at the box office
NASDAQ:TOWN

TowneBank - TOWN Stock Forecast, Price & News

$31.44
+0.20 (+0.64%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$30.87
▼
$31.76
50-Day Range
$29.33
▼
$32.74
52-Week Range
$26.18
▼
$33.42
Volume
240,042 shs
Average Volume
170,605 shs
Market Capitalization
$2.29 billion
P/E Ratio
12.09
Dividend Yield
2.93%
Price Target
N/A

TowneBank MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.45mentions of TowneBank in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

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

2.10 out of 5 stars

Finance Sector

511th out of 854 stocks

State Commercial Banks Industry

110th out of 178 stocks

See Top Rated MarketRank™ Stocks Here
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.

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TOWN Stock News Headlines

January 26, 2023 | finance.yahoo.com
TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022
January 17, 2023 | finance.yahoo.com
TowneBank Announces Completion of Farmers Bank Merger
February 5, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
January 5, 2023 | finance.yahoo.com
TowneBank Names Clark as Chief Operating Officer
November 23, 2022 | finance.yahoo.com
TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles
November 18, 2022 | finance.yahoo.com
Towne Insurance buys Charlotte-based Lockhart Insurance, growing local presence
November 18, 2022 | finance.yahoo.com
Towne Insurance Agency buys Charlotte-based Lockhart Insurance, growing local presence
October 27, 2022 | finance.yahoo.com
TowneBank Reports Third Quarter 2022 Earnings
February 5, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
October 21, 2022 | finance.yahoo.com
TowneBank (NASDAQ:TOWN) is a favorite amongst institutional investors who own 55%
October 13, 2022 | benzinga.com
TowneBank Promotes Skinner, Davis and Wallace - Towne Bank (NASDAQ:TOWN) - Benzinga
October 13, 2022 | globenewswire.com
TowneBank Promotes Morrison and Miller - GlobeNewswire
October 13, 2022 | finance.yahoo.com
TowneBank Promotes Morrison and Miller
October 11, 2022 | globenewswire.com
TowneBank Promotes Skinner, Davis and Wallace - GlobeNewswire
October 11, 2022 | finance.yahoo.com
TowneBank Promotes Skinner, Davis and Wallace
October 3, 2022 | globenewswire.com
TowneBank Promotes Dawn S. Glynn - GlobeNewswire
October 3, 2022 | finance.yahoo.com
TowneBank Promotes Dawn S. Glynn
October 2, 2022 | nasdaq.com
TowneBank is Now Oversold (TOWN)
September 7, 2022 | finance.yahoo.com
Earnings grew faster than the 0.2% CAGR delivered to TowneBank (NASDAQ:TOWN) shareholders over the last five years
September 6, 2022 | nasdaq.com
UBS Group (UBS) and Wealthfront Terminate Merger Agreement - Nasdaq
September 3, 2022 | bizjournals.com
TBJ Plus: Cary lauded for safety; Wake real estate prices fall; Pricey game in Boone - The Business Journals
August 26, 2022 | seekingalpha.com
TowneBank: Strengthening Its Position With Farmers Bank Acquisition
August 26, 2022 | globenewswire.com
TowneBank Names Chief Executive Officer Successor - GlobeNewswire
August 26, 2022 | finance.yahoo.com
TowneBank Names Chief Executive Officer Successor
August 26, 2022 | seekingalpha.com
TowneBank lays down CEO succession plan
August 24, 2022 | nasdaq.com
UBS Agrees to Divest Its Feeder Fund Platform to iCapital - Nasdaq
August 24, 2022 | nasdaq.com
Truist (TFC) Buys Zaloni Assets, Extends Data Management Skills - Nasdaq
See More Headlines
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TOWN Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 1/12 Dividend
12/29/2022
Dividend Payable
1/12/2023
Today
2/05/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Web
www.townebank.com
Phone
(757) 638-7500
Fax
215-832-1055
Employees
2,617
Year Founded
N/A

Profitability

EPS (Most Recent Fiscal Year)
$2.60
Trailing P/E Ratio
12.09
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$188.99 million
Net Margins
25.42%
Pretax Margin
32.21%
Return on Equity
10.19%
Return on Assets
1.15%

Debt

Debt-to-Equity Ratio
0.02
Current Ratio
0.88
Quick Ratio
0.87

Sales & Book Value

Annual Sales
$743.51 million
Price / Sales
3.08
Cash Flow
$3.52 per share
Price / Cash Flow
8.94
Book Value
$26.38 per share
Price / Book
1.19

Miscellaneous

Outstanding Shares
72,750,000
Free Float
66,824,000
Market Cap
$2.29 billion
Optionable
Optionable
Beta
0.98

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













TOWN Stock - Frequently Asked Questions

How have TOWN shares performed in 2023?

TowneBank's stock was trading at $30.84 at the start of the year. Since then, TOWN shares have increased by 1.9% and is now trading at $31.44.
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, April 27th 2023.
View our TOWN earnings forecast.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Thursday, October, 28th. The bank reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The bank earned $170.08 million during the quarter, compared to analyst estimates of $161.02 million. TowneBank had a net margin of 25.42% and a trailing twelve-month return on equity of 10.19%.

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

TowneBank announced a quarterly dividend on Monday, November 28th. Investors of record on Friday, December 30th will be given a dividend of $0.23 per share on Thursday, January 12th. This represents a $0.92 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, December 29th.
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 2.93%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.38%. This payout ratio is at a healthy, sustainable level, below 75%.
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 a variety of institutional and retail investors. Top institutional investors include DAVENPORT & Co LLC (0.69%), New York State Common Retirement Fund (0.18%), Seizert Capital Partners LLC (0.16%), State of New Jersey Common Pension Fund D (0.10%), Strs Ohio (0.04%) and Arbor Investment Advisors LLC (0.02%).

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 $31.44.

How much money does TowneBank make?

TowneBank (NASDAQ:TOWN) has a market capitalization of $2.29 billion and generates $743.51 million in revenue each year. The bank earns $188.99 million in net income (profit) each year or $2.60 on an earnings per share basis.

How many employees does TowneBank have?

The company employs 2,617 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 2/5/2023 by MarketBeat.com Staff