S&P 500   4,616.63 (+1.09%)
DOW   34,727.88 (+0.71%)
QQQ   397.97 (+1.05%)
AAPL   167.70 (+1.45%)
MSFT   336.62 (+1.82%)
FB   327.57 (+0.96%)
GOOGL   2,878.66 (+1.43%)
AMZN   3,537.18 (+0.86%)
TSLA   1,163.52 (+1.64%)
NVDA   329.64 (+0.88%)
BABA   127.59 (+0.05%)
NIO   39.78 (+1.66%)
CGC   10.71 (+0.00%)
AMD   158.86 (+0.31%)
GE   96.24 (+1.32%)
MU   86.69 (+3.20%)
T   22.92 (+0.39%)
F   19.87 (+3.54%)
DIS   147.23 (+1.61%)
ACB   6.43 (+0.16%)
PFE   52.98 (-1.40%)
AMC   34.52 (+1.71%)
BA   198.45 (+0.30%)
S&P 500   4,616.63 (+1.09%)
DOW   34,727.88 (+0.71%)
QQQ   397.97 (+1.05%)
AAPL   167.70 (+1.45%)
MSFT   336.62 (+1.82%)
FB   327.57 (+0.96%)
GOOGL   2,878.66 (+1.43%)
AMZN   3,537.18 (+0.86%)
TSLA   1,163.52 (+1.64%)
NVDA   329.64 (+0.88%)
BABA   127.59 (+0.05%)
NIO   39.78 (+1.66%)
CGC   10.71 (+0.00%)
AMD   158.86 (+0.31%)
GE   96.24 (+1.32%)
MU   86.69 (+3.20%)
T   22.92 (+0.39%)
F   19.87 (+3.54%)
DIS   147.23 (+1.61%)
ACB   6.43 (+0.16%)
PFE   52.98 (-1.40%)
AMC   34.52 (+1.71%)
BA   198.45 (+0.30%)
S&P 500   4,616.63 (+1.09%)
DOW   34,727.88 (+0.71%)
QQQ   397.97 (+1.05%)
AAPL   167.70 (+1.45%)
MSFT   336.62 (+1.82%)
FB   327.57 (+0.96%)
GOOGL   2,878.66 (+1.43%)
AMZN   3,537.18 (+0.86%)
TSLA   1,163.52 (+1.64%)
NVDA   329.64 (+0.88%)
BABA   127.59 (+0.05%)
NIO   39.78 (+1.66%)
CGC   10.71 (+0.00%)
AMD   158.86 (+0.31%)
GE   96.24 (+1.32%)
MU   86.69 (+3.20%)
T   22.92 (+0.39%)
F   19.87 (+3.54%)
DIS   147.23 (+1.61%)
ACB   6.43 (+0.16%)
PFE   52.98 (-1.40%)
AMC   34.52 (+1.71%)
BA   198.45 (+0.30%)
S&P 500   4,616.63 (+1.09%)
DOW   34,727.88 (+0.71%)
QQQ   397.97 (+1.05%)
AAPL   167.70 (+1.45%)
MSFT   336.62 (+1.82%)
FB   327.57 (+0.96%)
GOOGL   2,878.66 (+1.43%)
AMZN   3,537.18 (+0.86%)
TSLA   1,163.52 (+1.64%)
NVDA   329.64 (+0.88%)
BABA   127.59 (+0.05%)
NIO   39.78 (+1.66%)
CGC   10.71 (+0.00%)
AMD   158.86 (+0.31%)
GE   96.24 (+1.32%)
MU   86.69 (+3.20%)
T   22.92 (+0.39%)
F   19.87 (+3.54%)
DIS   147.23 (+1.61%)
ACB   6.43 (+0.16%)
PFE   52.98 (-1.40%)
AMC   34.52 (+1.71%)
BA   198.45 (+0.30%)
NASDAQ:TOWN

TowneBank Stock Forecast, Price & News

$31.37
+0.78 (+2.55%)
(As of 12/1/2021 12:00 AM ET)
Add
Compare
Today's Range
$31.37
$31.37
50-Day Range
$28.46
$33.65
52-Week Range
$21.69
$34.32
Volume
67 shs
Average Volume
157,779 shs
Market Capitalization
$2.28 billion
P/E Ratio
10.12
Dividend Yield
2.56%
Beta
1.09
30 days | 90 days | 365 days | Advanced Chart
Receive TOWN News and Ratings via Email

Sign-up to receive the latest news and ratings for TowneBank and its competitors with MarketBeat's FREE daily newsletter.


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.

Headlines

TowneBank Announces Quarterly Cash Dividend - GlobeNewswire
November 24, 2021 |  globenewswire.com
What Kind Of Investors Own Most Of TowneBank (NASDAQ:TOWN)?
November 23, 2021 |  finance.yahoo.com
TowneBank (NASDAQ:TOWN) Reaches New 12-Month High at $33.98
November 22, 2021 |  americanbankingnews.com
TowneBank (NASDAQ:TOWN) Sets New 12-Month High at $33.25
November 10, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Employees
2,490
Year Founded
N/A

Sales & Book Value

Annual Sales
$744.35 million
Cash Flow
$2.35 per share
Book Value
$24.56 per share

Profitability

Net Income
$145.54 million
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$2.28 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/29/2021
Dividend Payable
10/12/2021
Last Earnings
10/28/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

MarketRank

Overall MarketRank

1.99 out of 5 stars

Finance Sector

677th out of 1,335 stocks

State Commercial Banks Industry

146th out of 231 stocks

Analyst Opinion: 1.5Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












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 twelve months. 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.

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

TowneBank's stock was trading at $20.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TOWN stock has increased by 52.7% and is now trading at $31.37.
View which stocks have been most impacted by COVID-19
.

Are investors shorting TowneBank?

TowneBank saw a drop in short interest in October. As of October 29th, there was short interest totaling 348,600 shares, a drop of 19.7% from the October 14th total of 434,000 shares. Based on an average daily volume of 155,500 shares, the short-interest ratio is currently 2.2 days. Approximately 0.5% of the shares of the stock are sold short.
View TowneBank's Short Interest
.

When is TowneBank's next earnings date?

TowneBank is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for TowneBank
.

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 for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The bank earned $170.08 million during the quarter, compared to the consensus estimate of $161.02 million. TowneBank had a trailing twelve-month return on equity of 12.52% and a net margin of 30.46%.
View TowneBank's earnings history
.

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

TowneBank declared a quarterly dividend on Friday, November 26th. Stockholders of record on Thursday, December 30th will be given a dividend of $0.20 per share on Wednesday, January 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, December 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 2.56%. TowneBank does not yet have a strong track record of dividend growth. The dividend payout ratio of TowneBank is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TowneBank will have a dividend payout ratio of 35.24% 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 analysts have issued 1-year price targets for TowneBank's stock. Their forecasts range from $28.00 to $28.00. On average, they expect TowneBank's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 10.7%.
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), 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.37%), Dimensional Fund Advisors LP (4.03%), Goldman Sachs Group Inc. (2.28%), American Century Companies Inc. (2.04%), Geode Capital Management LLC (1.62%) and Renaissance Technologies LLC (1.03%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., American Century Companies Inc., Chartwell Investment Partners LLC, Renaissance Technologies LLC, Hotchkis & Wiley Capital Management LLC, Alliancebernstein L.P., Invesco Ltd., and Denali Advisors LLC.

Which major investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Seizert Capital Partners LLC, Dimensional Fund Advisors LP, Millennium Management LLC, Cubist Systematic Strategies LLC, SG Americas Securities LLC, Morgan Stanley, and Guggenheim Capital LLC.

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 $31.37.

How much money does TowneBank make?

TowneBank has a market capitalization of $2.28 billion and generates $744.35 million in revenue each year. The bank earns $145.54 million in net income (profit) each year or $3.10 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, via email at [email protected], or via fax at 215-832-1055.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.