NASDAQ:TOWN - TowneBank Stock Price, Price Target & More

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$33.05 -0.65 (-1.93 %)
(As of 06/25/2018 01:25 PM ET)
Previous Close$33.65
Today's Range$32.90 - $33.65
52-Week Range$27.85 - $35.30
Volume6,715 shs
Average Volume163,561 shs
Market Capitalization$2.43 billion
P/E Ratio21.60
Dividend Yield1.66%
Beta1.02
TowneBank logoTowneBank 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

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:TOWN
CUSIP89214P10
Phone757-638-7500

Debt

Debt-to-Equity Ratio0.60
Current Ratio1.01
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio21.60
Forward P/E Ratio16.28
P/E GrowthN/A

Sales & Book Value

Annual Sales$493.23 million
Price / Sales4.83
Cash Flow$1.6897 per share
Price / Cash19.56
Book Value$15.85 per share
Price / Book2.09

Profitability

EPS (Most Recent Fiscal Year)$1.56
Net Income$87.66 million
Net Margins17.38%
Return on Equity8.81%
Return on Assets1.18%

Miscellaneous

Employees2,313
Outstanding Shares72,060,000

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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 announced a quarterly dividend on Thursday, May 24th. Stockholders of record on Friday, June 29th will be given a dividend of $0.16 per share on Tuesday, July 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from TowneBank's previous quarterly dividend of $0.14. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) issued its earnings results on Wednesday, April, 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.01. The bank earned $126.28 million during the quarter, compared to the consensus estimate of $122.39 million. TowneBank had a net margin of 17.38% and a return on equity of 8.81%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

5 analysts have issued 1-year price targets for TowneBank's stock. Their forecasts range from $32.00 to $35.00. On average, they anticipate TowneBank's share price to reach $34.00 in the next twelve months. View Analyst Ratings for TowneBank.

Who are some of TowneBank's key competitors?

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, Chief Banking Officer & 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)

Has TowneBank been receiving favorable news coverage?

Headlines about TOWN stock have been trending positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TowneBank earned a media sentiment score of 0.36 on Accern's scale. They also assigned news articles about the bank an impact score of 45.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are TowneBank's major shareholders?

TowneBank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.63%), Dimensional Fund Advisors LP (3.18%), Northern Trust Corp (1.05%), The Manufacturers Life Insurance Company (0.65%), Schwab Charles Investment Management Inc. (0.45%) and Banc Funds Co. LLC (0.22%). View Institutional Ownership Trends for TowneBank.

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including LPL Financial LLC, Opus Capital Group LLC, Palladium Partners LLC, Teacher Retirement System of Texas, UBS Group AG, BNP Paribas Arbitrage SA and JPMorgan Chase & Co.. View Insider Buying and Selling for TowneBank.

Which major investors are buying TowneBank stock?

TOWN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Banc Funds Co. LLC, Mendon Capital Advisors Corp, BB&T Securities LLC, Northern Trust Corp, Aldebaran Financial Inc. and Millennium Management LLC. View Insider Buying and Selling for TowneBank.

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 $33.05.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.43 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.

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 (TOWN)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  110 (Vote Outperform)
Underperform Votes:  131 (Vote Underperform)
Total Votes:  241
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 6/25/2018 by MarketBeat.com Staff

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