NASDAQ:TOWN - TowneBank Stock Price, Forecast & News

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

TowneBank announced a quarterly dividend on Wednesday, November 27th. Stockholders of record on Monday, December 30th will be given a dividend of $0.18 per share on Friday, January 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, December 27th. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) posted its earnings results on Thursday, January, 23rd. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.05. The bank earned $139.67 million during the quarter, compared to analysts' expectations of $139.19 million. TowneBank had a return on equity of 8.69% and a net margin of 20.61%. 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.

2 Wall Street analysts have issued 12 month price targets for TowneBank's stock. Their forecasts range from $27.00 to $28.00. On average, they expect TowneBank's share price to reach $27.50 in the next year. This suggests that the stock has a possible downside of 0.0%. View Analyst Price Targets 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.

Press coverage about TOWN stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -3.0 on InfoTrie's scale. They also gave press coverage 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 near term. View News Stories for TowneBank.

TowneBank saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 484,100 shares, an increase of 10.8% from the January 15th total of 436,800 shares. Based on an average trading volume of 120,500 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.7% of the company's shares are short sold. View TowneBank's Current Options Chain.

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), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), 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 investors include State Street Corp (1.87%), Goldman Sachs Group Inc. (1.73%), Renaissance Technologies LLC (1.70%), Bank of New York Mellon Corp (0.68%), Chartwell Investment Partners LLC (0.58%) and Charles Schwab Investment Management Inc. (0.55%).

TOWN stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of America Corp DE, Raymond James Financial Services Advisors Inc., Acadian Asset Management LLC, California Public Employees Retirement System, Salomon & Ludwin LLC, Driehaus Capital Management LLC and New York State Common Retirement Fund.

TOWN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Renaissance Technologies LLC, Goldman Sachs Group Inc., PBMares Wealth Management LLC, Captrust Financial Advisors, State Street Corp, UBS Group AG and Barclays PLC.

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 $27.51.

TowneBank has a market capitalization of $2.00 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]