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

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$25.52 -0.16 (-0.62 %)

(As of 12/11/2018 01:38 PM ET)

Previous Close$25.68

Today's Range$25.47 - $26.12

52-Week Range$25.31 - $33.85

Volume37,188 shs

Average Volume106,970 shs

Market Capitalization$1.88 billion

P/E Ratio16.36

Dividend Yield2.46%

Beta0.97

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, negotiable order of withdrawal accounts, 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 construction and acquisition loans. In addition, it provides other services, such as safe deposit boxes, cash management services, travelers' checks, 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; asset management and 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, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 28, 2018, it operated 40 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

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:TOWN

Previous Symbol

CUSIP89214P10

Webwww.townebank.com

Phone757-638-7500

Debt

Debt-to-Equity Ratio0.60

Current Ratio1.01

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio16.36

Forward P/E Ratio12.51

P/E GrowthN/A

Sales & Book Value

Annual Sales$493.23 million

Price / Sales3.73

Cash Flow$1.6889 per share

Price / Cash Flow15.11

Book Value$15.85 per share

Price / Book1.61

Profitability

EPS (Most Recent Fiscal Year)$1.56

Net Income$87.66 million

Net Margins19.03%

Return on Equity9.94%

Return on Assets1.35%

Miscellaneous

Employees2,313

Outstanding Shares72,060,000

Market Cap$1.88 billion

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 declared a quarterly dividend on Thursday, November 29th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.16 per share on Friday, January 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its earnings results on Thursday, October, 25th. The bank reported $0.54 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.01. The bank earned $137.91 million during the quarter, compared to analyst estimates of $138.83 million. TowneBank had a return on equity of 9.94% and a net margin of 19.03%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

5 brokerages have issued 1-year target prices for TowneBank's shares. Their forecasts range from $31.00 to $35.00. On average, they anticipate TowneBank's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price. View Analyst Price Targets for TowneBank.

What is the consensus analysts' recommendation for TowneBank?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TowneBank.

Has TowneBank been receiving favorable news coverage?

Media coverage about TOWN stock has trended somewhat positive this week, InfoTrie reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. TowneBank earned a daily sentiment score of 1.5 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of TowneBank's key competitors?

Some companies that are related to TowneBank include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), Associated Banc (ASB), United Bankshares (UBSI) and First Hawaiian (FHB).

Who are TowneBank's key executives?

TowneBank's management team includes the folowing people:

Mr. G. Robert Aston Jr., Exec. Chairman (Age 73)
Mr. J. Morgan Davis, Pres, CEO & Director (Age 67)
Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 55)
Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 48)
Mr. Kevin L. Fly, Exec. VP & Chief Accounting Officer (Age 52)

Who are TowneBank's major shareholders?

TowneBank's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.81%), BlackRock Inc. (6.37%), Dimensional Fund Advisors LP (3.29%), Renaissance Technologies LLC (1.26%), Bank of New York Mellon Corp (1.10%) and Chartwell Investment Partners LLC (0.65%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Morgan Stanley, Russell Investments Group Ltd., Credit Suisse AG, Chartwell Investment Partners LLC, Bank of New York Mellon Corp, TIAA CREF Investment Management LLC and River Oaks Capital LLC.

Which institutional investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, Sterling Capital Management LLC, MetLife Investment Advisors LLC, Engineers Gate Manager LP and Victory Capital 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, Scottrade, Fidelity and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $25.52.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.88 billion and generates $493.23 million in revenue each year. The bank earns $87.66 million in net income (profit) each year or $1.56 on an earnings per share basis. TowneBank employs 2,313 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:		2.3 out of 5 ( )
Outperform Votes:		148 (Vote Outperform)
Underperform Votes:		176 (Vote Underperform)
Total Votes:		324

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 12/11/2018 by MarketBeat.com Staff