NASDAQ:TOWN - TowneBank Stock Price, Price Target & More

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

TowneBank declared a quarterly dividend on Thursday, May 24th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.16 per share on Tuesday, July 10th. This represents a $0.64 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from TowneBank's previous quarterly dividend of $0.14. View TowneBank's Dividend History.

TowneBank (NASDAQ:TOWN) released its earnings results on Wednesday, April, 25th. The bank reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The bank earned $126.28 million during the quarter, compared to analysts' expectations of $122.39 million. TowneBank had a net margin of 17.38% and a return on equity of 8.81%. View TowneBank's Earnings History.

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for TowneBank.

5 brokers have issued twelve-month target prices for TowneBank's stock. Their predictions range from $32.00 to $35.00. On average, they anticipate TowneBank's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Ratings for TowneBank.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TowneBank in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to TowneBank include Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares Inc. Class A (FCNCA), Texas Capital Bancshares (TCBI), Associated Banc (ASB), IBERIABANK (IBKC), Hancock (HBHC), Home Bancshares (HOMB), Chemical Financial (CHFC) and First Hawaiian Bank (FHB).

News articles about TOWN stock have trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TowneBank earned a media sentiment score of 0.06 on Accern's scale. They also gave news coverage about the bank an impact score of 47.27 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

TowneBank's stock is owned by a number of of retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.05%) and Xact Kapitalforvaltning AB (0.02%). View Institutional Ownership Trends for TowneBank.

TOWN stock was sold by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC. View Insider Buying and Selling for TowneBank.

TOWN stock was bought by a variety of institutional investors in the last quarter, including Xact Kapitalforvaltning AB. View Insider Buying and Selling for 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.

One share of TOWN stock can currently be purchased for approximately $33.05.

TowneBank has a market capitalization of $2.38 billion and generates $493.23 million in revenue each year. The bank earns $87.66 million in net income (profit) each year or $1.56 on an earnings per share basis. TowneBank employs 2,313 workers across the globe.

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]