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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CIKN/A
Phone757-638-7500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$613.42 million
Profitability
Miscellaneous
Employees2,410
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable
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 declared a quarterly dividend on Thursday, May 23rd. Shareholders of record on Friday, June 28th will be given a dividend of $0.18 per share on Wednesday, July 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, June 27th. This is a boost from TowneBank's previous quarterly dividend of $0.16. View TowneBank's Dividend History.
How were TowneBank's earnings last quarter?
TowneBank (NASDAQ:TOWN) announced its quarterly earnings data on Thursday, July, 25th. The bank reported $0.48 EPS for the quarter, missing the Zacks' consensus estimate of $0.52 by $0.04. The bank earned $144.54 million during the quarter, compared to analyst estimates of $140.67 million. TowneBank had a net margin of 21.63% and a return on equity of 9.16%. View TowneBank's Earnings History.
When is TowneBank's next earnings date?
What price target have analysts set for TOWN?
2 brokerages have issued 12 month price targets for TowneBank's shares. Their predictions range from $27.00 to $31.00. On average, they expect TowneBank's share price to reach $29.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for TowneBank.
What is the consensus analysts' recommendation for 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.
Has TowneBank been receiving favorable news coverage?
Media headlines about TOWN stock have been trending negative on Sunday, according to InfoTrie. InfoTrie identifies negative and positive press coverage by analyzing 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 -2.3 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for TowneBank.
Who are some of TowneBank's key competitors?
Some companies that are related to TowneBank include Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), Glacier Bancorp (GBCI), First Hawaiian (FHB), Bank of Hawaii (BOH) and Bank Ozk (OZK).
What other stocks do shareholders of TowneBank own?
Who are TowneBank's key executives?
TowneBank's management team includes the folowing 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)
Who are TowneBank's major shareholders?
TowneBank's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.94%), Price T Rowe Associates Inc. MD (7.71%), BlackRock Inc. (6.82%), Northern Trust Corp (1.75%), Renaissance Technologies LLC (1.55%) and Reliance Trust Co. (1.14%).
Which institutional investors are selling TowneBank stock?
TOWN stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, Vanguard Group Inc., River Oaks Capital LLC, Parametric Portfolio Associates LLC, Victory Capital Management Inc., Wilbanks Smith & Thomas Asset Management LLC and Bank of New York Mellon Corp.
Which institutional investors are buying TowneBank stock?
TOWN stock was purchased by a variety of institutional investors in the last quarter, including Nuance Investments LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, DAVENPORT & Co LLC, Russell Investments Group Ltd., BlackRock Inc., Royal Bank of Canada and First Trust 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 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 $26.70.
How big of a company is TowneBank?
TowneBank has a market capitalization of $1.92 billion and generates $613.42 million in revenue each year. The bank earns $133.79 million in net income (profit) each year or $1.98 on an earnings per share basis. TowneBank employs 2,410 workers across the globe.View Additional Information About TowneBank.
What is TowneBank's official website?
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 (NASDAQ TOWN)
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.
