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NASDAQ:TOWN

TowneBank - TOWN Stock Forecast, Price & News

$31.91
-0.17 (-0.53%)
(As of 12/9/2022 03:09 PM ET)
Add
Compare
Today's Range
$31.88
▼
$32.25
50-Day Range
$26.83
▼
$33.28
52-Week Range
$26.18
▼
$34.79
Volume
2,443 shs
Average Volume
127,813 shs
Market Capitalization
$2.32 billion
P/E Ratio
12.71
Dividend Yield
2.89%
Price Target
N/A
TOWN stock logo

About TowneBank (NASDAQ:TOWN) Stock

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement 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, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, 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 comprising 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 also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is headquartered in Portsmouth, Virginia.

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TOWN Stock News Headlines

November 23, 2022 | finance.yahoo.com
TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles
November 18, 2022 | finance.yahoo.com
Towne Insurance buys Charlotte-based Lockhart Insurance, growing local presence
November 18, 2022 | finance.yahoo.com
Towne Insurance Agency buys Charlotte-based Lockhart Insurance, growing local presence
October 27, 2022 | finance.yahoo.com
TowneBank Reports Third Quarter 2022 Earnings
October 21, 2022 | finance.yahoo.com
TowneBank (NASDAQ:TOWN) is a favorite amongst institutional investors who own 55%
October 13, 2022 | benzinga.com
TowneBank Promotes Skinner, Davis and Wallace - Towne Bank (NASDAQ:TOWN) - Benzinga
October 13, 2022 | globenewswire.com
TowneBank Promotes Morrison and Miller - GlobeNewswire
October 13, 2022 | finance.yahoo.com
TowneBank Promotes Morrison and Miller
October 11, 2022 | globenewswire.com
TowneBank Promotes Skinner, Davis and Wallace - GlobeNewswire
October 11, 2022 | finance.yahoo.com
TowneBank Promotes Skinner, Davis and Wallace
October 3, 2022 | globenewswire.com
TowneBank Promotes Dawn S. Glynn - GlobeNewswire
October 3, 2022 | finance.yahoo.com
TowneBank Promotes Dawn S. Glynn
October 2, 2022 | nasdaq.com
TowneBank is Now Oversold (TOWN)
September 7, 2022 | finance.yahoo.com
Earnings grew faster than the 0.2% CAGR delivered to TowneBank (NASDAQ:TOWN) shareholders over the last five years
September 6, 2022 | nasdaq.com
UBS Group (UBS) and Wealthfront Terminate Merger Agreement - Nasdaq
September 3, 2022 | bizjournals.com
TBJ Plus: Cary lauded for safety; Wake real estate prices fall; Pricey game in Boone - The Business Journals
August 26, 2022 | seekingalpha.com
TowneBank: Strengthening Its Position With Farmers Bank Acquisition
August 26, 2022 | globenewswire.com
TowneBank Names Chief Executive Officer Successor - GlobeNewswire
August 26, 2022 | finance.yahoo.com
TowneBank Names Chief Executive Officer Successor
August 26, 2022 | seekingalpha.com
TowneBank lays down CEO succession plan
August 24, 2022 | nasdaq.com
UBS Agrees to Divest Its Feeder Fund Platform to iCapital - Nasdaq
August 24, 2022 | nasdaq.com
Truist (TFC) Buys Zaloni Assets, Extends Data Management Skills - Nasdaq
August 19, 2022 | bizjournals.com
Biz: Housing prices finally cool in Asheville, NC mountains - Triangle Business Journal - The Business Journals
August 19, 2022 | bizjournals.com
Biz: Housing prices finally cool in Asheville, NC mountains - The Business Journals
August 18, 2022 | nasdaq.com
Financial Sector Update for 08/18/2022: SLNH,TOWN,FBVA,MSBI,ACT - Nasdaq
See More Headlines
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TOWN Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Today
12/09/2022
Ex-Dividend for 1/12 Dividend
12/29/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/12/2023
Next Earnings (Estimated)
1/26/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Web
www.townebank.com
Phone
(757) 638-7500
Fax
215-832-1055
Employees
2,617
Year Founded
N/A

Profitability

EPS (Most Recent Fiscal Year)
$2.51
Trailing P/E Ratio
12.71
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$215.38 million
Net Margins
25.55%
Pretax Margin
32.21%
Return on Equity
9.75%
Return on Assets
1.11%

Debt

Debt-to-Equity Ratio
0.02
Current Ratio
0.88
Quick Ratio
0.88

Sales & Book Value

Annual Sales
$721.41 million
Price / Sales
3.22
Cash Flow
$3.52 per share
Price / Cash Flow
9.06
Book Value
$26.38 per share
Price / Book
1.21

Miscellaneous

Outstanding Shares
72,750,000
Free Float
66,824,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
1.00

Key Executives

  • Mr. G. Robert Aston Jr. (Age 77)
    Exec. Chairman
    Comp: $1.45M
  • Mr. J. Morgan Davis (Age 71)
    CEO & Director
    Comp: $1.39M
  • Mr. Brad E. Schwartz CPA (Age 59)
    Pres, COO & Director
    Comp: $972.17k
  • Mr. William B. Littreal (Age 52)
    Sr. EVP, CFO & Director of Investor Relations
    Comp: $843.28k
  • Mr. William I. Foster III (Age 66)
    Pres of Central Virginia & the Carolinas and Director
    Comp: $651.85k
  • Ms. Dawn S. Glynn (Age 54)
    Pres & Chief Experience Officer
  • Mr. Kevin L. Fly (Age 56)
    Sr. EVP & Chief Accounting Officer
  • Mr. Denys J. Diaz (Age 55)
    Chief Information Officer
  • Mr. George P. Whitley (Age 69)
    Sr. EVP & Chief Legal Officer
  • Mr. Scott V. Williams
    Exec. VP and Director of Marketing & Member Experience

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













TOWN Stock - Frequently Asked Questions

How have TOWN shares performed in 2022?

TowneBank's stock was trading at $31.59 at the start of the year. Since then, TOWN shares have increased by 1.1% and is now trading at $31.93.
View the best growth stocks for 2022 here.

When is TowneBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our TOWN earnings forecast.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its quarterly earnings data on Thursday, October, 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The bank had revenue of $170.08 million for the quarter, compared to the consensus estimate of $161.02 million. TowneBank had a trailing twelve-month return on equity of 9.75% and a net margin of 25.55%.

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

TowneBank declared a quarterly dividend on Monday, November 28th. Investors of record on Friday, December 30th will be given a dividend of $0.23 per share on Thursday, January 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for TOWN.

Is TowneBank a good dividend stock?

TowneBank (NASDAQ:TOWN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.89%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TOWN.

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

12 employees have rated TowneBank Chief Executive Officer J. Morgan Davis on Glassdoor.com. J. Morgan Davis has an approval rating of 100% among the company'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), Southern (SO), Weyerhaeuser (WY), 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.13%), BlackRock Inc. (7.85%), Dimensional Fund Advisors LP (4.44%), State Street Corp (2.23%), Renaissance Technologies LLC (1.02%) and DAVENPORT & Co LLC (0.66%).

How do I buy shares of TowneBank?

Shares of TOWN stock 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 $31.93.

How much money does TowneBank make?

TowneBank (NASDAQ:TOWN) has a market capitalization of $2.32 billion and generates $721.41 million in revenue each year. The bank earns $215.38 million in net income (profit) each year or $2.51 on an earnings per share basis.

How many employees does TowneBank have?

The company employs 2,617 workers across the globe.

How can I contact TowneBank?

TowneBank's mailing address is 5716 High Street West, Portsmouth VA, 23703. The official website for the company is www.townebank.com. The bank can be reached via phone at (757) 638-7500, via email at william.littreal@townebank.net, or via fax at 215-832-1055.

This page (NASDAQ:TOWN) was last updated on 12/9/2022 by MarketBeat.com Staff