S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
NASDAQ:TOWN

TowneBank Stock Forecast, Price & News

$30.03
+0.17 (+0.57 %)
(As of 09/24/2021 12:00 AM ET)
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Today's Range
$29.86
$30.26
50-Day Range
$28.46
$31.63
52-Week Range
$15.55
$33.25
Volume162,059 shs
Average Volume158,893 shs
Market Capitalization$2.18 billion
P/E Ratio10.39
Dividend Yield2.68%
Beta1.15
30 days | 90 days | 365 days | Advanced Chart
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TowneBank logo

About TowneBank

TowneBank engages in the provision of retail and commercial banking services to individuals and small and medium size businesses. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment offers loan and deposit services to retail and commercial customers. The Realty segment focuses on the provision of residential real estate services and originations of a variety of mortgage loans. The Insurance segment includes the provision of full-service commercial and retail insurance, employee benefit services, and travel insurance. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.99 out of 5 stars

Finance Sector

652nd out of 1,330 stocks

State Commercial Banks Industry

147th out of 232 stocks

Analyst Opinion: 1.5Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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TowneBank (NASDAQ:TOWN) Frequently Asked Questions

Is TowneBank a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TowneBank stock.
View analyst ratings for TowneBank
or view top-rated stocks.

What stocks does MarketBeat like better than TowneBank?

Wall Street analysts have given TowneBank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TowneBank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is TowneBank's next earnings date?

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

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) posted its quarterly earnings data on Thursday, July, 29th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.11. TowneBank had a net margin of 27.16% and a trailing twelve-month return on equity of 11.74%.
View TowneBank's earnings history
.

How has TowneBank's stock price been impacted by Coronavirus (COVID-19)?

TowneBank's stock was trading at $20.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOWN shares have increased by 46.2% and is now trading at $30.03.
View which stocks have been most impacted by COVID-19
.

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

TowneBank announced a quarterly dividend on Thursday, August 26th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.20 per share on Tuesday, October 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, September 29th.
View TowneBank's dividend history
.

Is TowneBank a good dividend stock?

TowneBank pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.68%. TowneBank does not yet have a strong track record of dividend growth. The dividend payout ratio of TowneBank is 39.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TowneBank will have a dividend payout ratio of 36.87% next year. This indicates that TowneBank will be able to sustain or increase its dividend.
View TowneBank's dividend history.

What price target have analysts set for TOWN?

1 brokers have issued 1 year price objectives for TowneBank's shares. Their forecasts range from $28.00 to $28.00. On average, they expect TowneBank's share price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 6.8%.
View analysts' price targets for TowneBank
or view top-rated stocks among Wall Street analysts.

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • J. Morgan Davis, Chief Executive Officer & Director
  • Brad E. Schwartz, President, Chief Operating Officer & Director
  • William B. Littreal, CFO, Chief Strategy & Investor Relations Officer
  • Keith D. Horton, Chief Facilities Officer & Senior Executive VP
  • Philip M. Rudisill, Chief Credit Officer & Senior Executive VP

What is J. Morgan Davis' approval rating as TowneBank's CEO?

12 employees have rated TowneBank CEO J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among TowneBank's employees. This puts J. Morgan Davis in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), The Southern (SO), Weyerhaeuser (WY), The Goodyear Tire & Rubber (GT), NVIDIA (NVDA), Pfizer (PFE), AT&T (T) and Armada Hoffler Properties (AHH).

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.70%), BlackRock Inc. (6.68%), Price T Rowe Associates Inc. MD (5.57%), Dimensional Fund Advisors LP (3.90%), American Century Companies Inc. (2.18%) and Goldman Sachs Group Inc. (2.06%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Price T Rowe Associates Inc. MD, California Public Employees Retirement System, Renaissance Technologies LLC, JPMorgan Chase & Co., Susquehanna International Group LLP, Bank of America Corp DE, and BNP Paribas Arbitrage SA.

Which institutional investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., DAVENPORT & Co LLC, American Century Companies Inc., Vanguard Group Inc., Geode Capital Management LLC, State Street Corp, Parametric Portfolio Associates LLC, and Dimensional Fund Advisors LP.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $30.03.

How much money does TowneBank make?

TowneBank has a market capitalization of $2.18 billion and generates $744.35 million in revenue each year. The bank earns $145.54 million in net income (profit) each year or $2.01 on an earnings per share basis.

How many employees does TowneBank have?

TowneBank employs 2,490 workers across the globe.

What is TowneBank's official website?

The official website for TowneBank is www.townebank.com.

Where are TowneBank's headquarters?

TowneBank is headquartered at 5716 High Street West, Portsmouth VA, 23703.

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 9/26/2021 by MarketBeat.com Staff

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