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NASDAQ:TOWN

TowneBank - TOWN Stock Forecast, Price & News

$26.65
+0.23 (+0.87%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$26.32
$26.74
50-Day Range
$26.42
$31.44
52-Week Range
$26.01
$33.42
Volume
285,269 shs
Average Volume
203,125 shs
Market Capitalization
$1.94 billion
P/E Ratio
10.25
Dividend Yield
3.45%
Price Target
N/A

TowneBank MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of TowneBank in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.11%
From $2.71 to $2.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Finance Sector

695th out of 890 stocks

State Commercial Banks Industry

170th out of 188 stocks


TOWN stock logo

About TowneBank (NASDAQ:TOWN) Stock

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.

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TOWN Stock News Headlines

TowneBank (NASDAQ:TOWN) Shares Down 2.3%
TowneBank (NASDAQ:TOWN) Sees Large Growth in Short Interest
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
TowneBank: Q4 Earnings Snapshot
The Value Of This Metal Is Going Unnoticed By Wall St.
This Stock Could Be Undervalued Considering The Race For Renewable Energy Is Here!pixel
TowneBank declares $0.23 dividend
TowneBank Announces Completion of Farmers Bank Merger
TowneBank Names Clark as Chief Operating Officer
TowneBank Reports Third Quarter 2022 Earnings
TowneBank Promotes Morrison and Miller - GlobeNewswire
TowneBank Promotes Morrison and Miller
TowneBank Promotes Skinner, Davis and Wallace
TowneBank Promotes Dawn S. Glynn - GlobeNewswire
TowneBank Promotes Dawn S. Glynn
TowneBank is Now Oversold (TOWN)
See More Headlines
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TOWN Company Calendar

Ex-Dividend for 1/12 Dividend
12/29/2022
Dividend Payable
1/12/2023
Last Earnings
1/26/2023
Ex-Dividend for 4/12 Dividend
3/29/2023
Today
3/31/2023
Dividend Payable
4/12/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TOWN
CUSIP
89214P10
CIK
N/A
Employees
2,617
Year Founded
N/A

Profitability

Net Income
$188.99 million
Pretax Margin
32.21%

Debt

Sales & Book Value

Annual Sales
$743.51 million
Cash Flow
$3.42 per share
Book Value
$26.38 per share

Miscellaneous

Free Float
66,824,000
Market Cap
$1.94 billion
Optionable
Optionable
Beta
0.97

Key Executives

  • William I. Foster
    Chief Executive Officer & Director
  • Dawn S. Glynn
    Co-President & Chief Experience Officer
  • R. Lee Clark
    Chief Operating Officer
  • William B. Littreal
    CFO, Chief Strategy & Investor Relations Officer
  • Keith D. Horton
    Chief Facilities Officer & Senior Executive VP













TOWN Stock - Frequently Asked Questions

Should I buy or sell TowneBank stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TOWN shares.
View TOWN analyst ratings
or view top-rated stocks.

How have TOWN shares performed in 2023?

TowneBank's stock was trading at $30.84 at the beginning of the year. Since then, TOWN shares have decreased by 13.6% and is now trading at $26.65.
View the best growth stocks for 2023 here
.

Are investors shorting TowneBank?

TowneBank saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 909,100 shares, an increase of 24.7% from the February 28th total of 728,900 shares. Based on an average trading volume of 187,900 shares, the days-to-cover ratio is presently 4.8 days.
View TowneBank's Short Interest
.

When is TowneBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our TOWN earnings forecast
.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) announced its earnings results on Thursday, January, 26th. The bank reported $0.65 earnings per share for the quarter. The bank earned $175.31 million during the quarter. TowneBank had a net margin of 25.42% and a trailing twelve-month return on equity of 10.19%.

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

TowneBank announced a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Thursday, March 30th will be paid a dividend of $0.23 per share on Wednesday, April 12th. This represents a $0.92 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, March 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 3.36%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TOWN will have a dividend payout ratio of 34.33% next year. This indicates that the company will be able to sustain or increase its dividend.
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 investors include T. Rowe Price Investment Management Inc. (5.05%), Dimensional Fund Advisors LP (4.65%), American Century Companies Inc. (1.97%), Nuance Investments LLC (1.76%), Geode Capital Management LLC (1.76%) and Charles Schwab Investment Management Inc. (0.92%).

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 $26.65.

How much money does TowneBank make?

TowneBank (NASDAQ:TOWN) has a market capitalization of $1.94 billion and generates $743.51 million in revenue each year. The bank earns $188.99 million in net income (profit) each year or $2.60 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 3/31/2023 by MarketBeat.com Staff