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

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

TowneBank announced a quarterly dividend on Thursday, May 24th. Stockholders of record on Friday, June 29th will be paid 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 1.97%. The ex-dividend date is Thursday, June 28th. This is a positive change from TowneBank's previous quarterly dividend of $0.14. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) issued its quarterly earnings data on Wednesday, April, 25th. The bank reported $0.46 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.45 by $0.01. The bank had revenue of $126.28 million for the quarter, compared to analysts' expectations 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.

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

5 equities research analysts have issued 1 year price objectives for TowneBank's stock. Their forecasts range from $32.00 to $35.00. On average, they expect TowneBank's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Ratings 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."

Some companies that are related to TowneBank include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Hancock (HBHC), IBERIABANK (IBKC), Chemical Financial (CHFC) and Home Bancshares (HOMB).

News headlines about TOWN stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TowneBank earned a media sentiment score of 0.06 on Accern's scale. They also gave media headlines about the bank an impact score of 45.47 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

TowneBank's stock is owned by a number of of institutional and retail investors. Top institutional investors include DAVENPORT & Co LLC (0.05%) and Xact Kapitalforvaltning AB (0.02%). View Institutional Ownership Trends for TowneBank.

TOWN stock was sold by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC. View Insider Buying and Selling for TowneBank.

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Xact Kapitalforvaltning AB. View Insider Buying and Selling for 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.

One share of TOWN stock can currently be purchased for approximately $32.45.

TowneBank has a market capitalization of $2.34 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.

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]