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NASDAQ:TOWNTowneBank Stock Price, Forecast & News

$17.52
-0.21 (-1.18 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$17.29
Now: $17.52
$18.10
50-Day Range
$16.15
MA: $18.34
$20.87
52-Week Range
$15.03
Now: $17.52
$29.02
Volume107,406 shs
Average Volume191,784 shs
Market Capitalization$1.27 billion
P/E Ratio9.47
Dividend Yield4.11%
Beta1.2
TowneBank 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, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts, and negotiable order of withdrawal 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 acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, cash management services, 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; investment and asset management services; 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, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 27, 2019, it operated 41 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.1Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$673.41 million
Cash Flow$2.41 per share
Book Value$21.35 per share

Profitability

Net Income$138.78 million

Miscellaneous

Employees2,410
Market Cap$1.27 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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TowneBank (NASDAQ:TOWN) Frequently Asked Questions

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

TowneBank's stock was trading at $20.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TOWN shares have decreased by 14.7% and is now trading at $17.52. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TowneBank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for TowneBank.

When is TowneBank's next earnings date?

TowneBank is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for TowneBank.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) released its earnings results on Monday, April, 27th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The bank had revenue of $137.70 million for the quarter, compared to analyst estimates of $138.05 million. TowneBank had a return on equity of 8.27% and a net margin of 19.80%. View TowneBank's earnings history.

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

TowneBank announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.18 per share on Friday, April 10th. This represents a $0.72 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, March 27th. View TowneBank's dividend history.

What price target have analysts set for TOWN?

2 equities research analysts have issued 12-month price targets for TowneBank's shares. 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 a possible upside of 57.0% from the stock's current price. View analysts' price targets for TowneBank.

Has TowneBank been receiving favorable news coverage?

News headlines about TOWN stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. TowneBank earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTowneBank.

Are investors shorting TowneBank?

TowneBank saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 589,200 shares, an increase of 5.7% from the April 15th total of 557,400 shares. Based on an average trading volume of 191,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.9% of the company's stock are sold short. View TowneBank's Current Options Chain.

Who are some of TowneBank's key competitors?

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

Who are TowneBank's key executives?

TowneBank's management team includes the following people:
  • Mr. G. Robert Aston Jr., Exec. Chairman (Age 74)
  • Mr. J. Morgan Davis, Pres, CEO & Director (Age 68)
  • Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 56)
  • Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 49)
  • Mr. Kevin L. Fly, Sr. EVP & Chief Accounting Officer (Age 53)

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.12%), State Street Corp (1.96%), Geode Capital Management LLC (1.35%), Bank of New York Mellon Corp (0.67%), Chartwell Investment Partners LLC (0.62%) and Nuveen Asset Management LLC (0.50%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Morgan Stanley, Russell Investments Group Ltd., UBS Group AG, Fuller & Thaler Asset Management Inc., Bank of New York Mellon Corp, Victory Capital Management Inc., and Victory Capital Management Inc..

Which major investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Nuance Investments LLC, BlackRock Inc., Martingale Asset Management L P, Geode Capital Management LLC, State Street Corp, JPMorgan Chase & Co., Parametric Portfolio Associates LLC, and Bessemer Group Inc..

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, Robinhood, Fidelity, and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $17.52.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.27 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.

What is TowneBank's official website?

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

How can I contact TowneBank?

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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