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NASDAQ:TOWN

TowneBank Stock Forecast, Price & News

$17.80
-0.27 (-1.49 %)
(As of 10/28/2020 02:57 PM ET)
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Compare
Today's Range
$17.48
Now: $17.80▼
$18.03
50-Day Range
$15.52
MA: $17.41▼
$18.86
52-Week Range
$15.03
Now: $17.80▼
$29.02
Volume4,916 shs
Average Volume193,929 shs
Market Capitalization$1.29 billion
P/E Ratio9.62
Dividend Yield3.92%
Beta1.18
TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. 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. 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, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, 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 health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.
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TowneBank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.26 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:TOWN
Previous Symbol
CUSIP89214P10
CIKN/A
Webwww.townebank.com
Phone757-638-7500
Employees2,460

Debt

Debt-to-Equity Ratio0.58
Current Ratio1.03
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio9.62
Forward P/E Ratio10.66
P/E GrowthN/A

Sales & Book Value

Annual Sales$673.41 million
Price / Sales1.92
Cash Flow$2.39 per share
Price / Cash Flow7.44
Book Value$21.35 per share
Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$1.93
Net Income$138.78 million
Net Margins19.47%
Return on Equity8.11%
Return on Assets1.09%

Miscellaneous

Outstanding Shares72,630,000
Market Cap$1.29 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$17.80
-0.27 (-1.49 %)
(As of 10/28/2020 02:57 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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TowneBank (NASDAQ:TOWN) Frequently Asked Questions

How has TowneBank's stock been impacted by COVID-19?

TowneBank's stock was trading at $20.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TOWN shares have decreased by 13.6% and is now trading at $17.75.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 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.

When is TowneBank's next earnings date?

TowneBank is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for TowneBank.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) released its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. TowneBank had a net margin of 19.47% and a return on equity of 8.11%.
View TowneBank's earnings history.

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

TowneBank declared a quarterly dividend on Wednesday, August 26th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.18 per share on Friday, October 9th. This represents a $0.72 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Tuesday, September 29th.
View TowneBank's dividend history.

What price target have analysts set for TOWN?

2 brokers have issued 1 year target prices for TowneBank's stock. Their forecasts range from $28.00 to $28.00. On average, they anticipate TowneBank's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 57.7% from the stock's current price.
View analysts' price targets for TowneBank.

Are investors shorting TowneBank?

TowneBank saw a decrease in short interest during the month of October. As of October 15th, there was short interest totaling 501,700 shares, a decrease of 18.6% from the September 30th total of 616,700 shares. Based on an average daily volume of 205,100 shares, the short-interest ratio is presently 2.4 days. Currently, 0.8% of the shares of the company are short sold.
View TowneBank's Short Interest.

Who are some of TowneBank's key competitors?

Some companies that are related to TowneBank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Citizens BancShares (FCNCA) and First Financial Bankshares (FFIN).
View all 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), Southern (SO), Weyerhaeuser (WY), The Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • Mr. G. Robert Aston Jr., Exec. Chairman (Age 75, Pay $1.06M)
  • Mr. J. Morgan Davis, Pres, CEO & Director (Age 69, Pay $885.98k)
  • Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 50, Pay $568.26k)
  • Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 57, Pay $669.5k)
  • Mr. William I. Foster III, Pres of Central Virginia & the Carolinas (Age 64, Pay $626.52k)

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 number of retail and institutional investors. Top institutional shareholders include Denali Advisors LLC (0.22%), Weather Gauge Advisory LLC (0.06%), Envestnet Asset Management Inc. (0.06%), DAVENPORT & Co LLC (0.06%), Aldebaran Financial Inc. (0.05%) and Bowling Portfolio Management LLC (0.02%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, and Weather Gauge Advisory LLC.

Which institutional investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Bowling Portfolio Management LLC, Aldebaran Financial Inc., and Envestnet Asset Management 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, Robinhood, Fidelity, and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $17.75.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.29 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 2,460 workers across the globe.

What is TowneBank's official website?

The official website for TowneBank is 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]

This page was last updated on 10/28/2020 by MarketBeat.com Staff
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