NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

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

TowneBank announced a quarterly dividend on Wednesday, November 27th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.18 per share on Friday, January 10th. This represents a $0.72 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, December 27th. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) announced its quarterly earnings results on Thursday, January, 23rd. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.05. The bank earned $139.67 million during the quarter, compared to the consensus estimate of $139.19 million. TowneBank had a return on equity of 8.69% and a net margin of 20.61%. View TowneBank's Earnings History.

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for TowneBank.

3 equities research analysts have issued 12 month target prices for TowneBank's stock. Their forecasts range from $27.00 to $28.00. On average, they anticipate TowneBank's stock price to reach $27.50 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. View Analyst Price Targets 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.

Press coverage about TOWN stock has been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TowneBank earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for TowneBank.

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

Some companies that are related to TowneBank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and TCF Financial (TCF).

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).

TowneBank's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.03%), Arbor Investment Advisors LLC (0.02%) and Bay Rivers Group (0.02%).

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

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Bay Rivers Group and Strs Ohio.

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.

One share of TOWN stock can currently be purchased for approximately $27.57.

TowneBank has a market capitalization of $2.00 billion and generates $673.41 million in revenue each year. The bank earns $133.79 million in net income (profit) each year or $1.93 on an earnings per share basis. TowneBank employs 2,410 workers across the globe.View Additional Information About TowneBank.

The official website for TowneBank is http://www.townebank.com/.

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]