NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

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

TowneBank declared a quarterly dividend on Wednesday, November 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, December 27th. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) issued its earnings results on Thursday, January, 23rd. The bank reported $0.49 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.05. The bank earned $139.67 million during the quarter, compared to analyst estimates of $139.19 million. TowneBank had a net margin of 20.61% and a return on equity of 8.69%. 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 Wall Street analysts have issued twelve-month target prices for TowneBank's shares. Their forecasts range from $27.00 to $28.00. On average, they anticipate TowneBank's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price. 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.

News headlines about TOWN stock have been trending very negative this week, according to InfoTrie. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. 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 news impact score of -3.3 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the immediate future. View News Stories for TowneBank.

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), First Republic Bank (FRC), KeyCorp (KEY), 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 a variety of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.22%), Strs Ohio (0.03%), Arbor Investment Advisors LLC (0.02%), Bay Rivers Group (0.02%), SG Americas Securities LLC (0.01%) and Jaffetilchin Investment Partners LLC (0.01%).

TOWN stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and Arbor Investment Advisors LLC.

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Bay Rivers Group, Jaffetilchin Investment Partners LLC, Strs Ohio and SG Americas Securities LLC.

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 $27.17.

TowneBank has a market capitalization of $1.97 billion and generates $673.41 million in revenue each year. The bank earns $138.78 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]