NASDAQ:TOWN - TowneBank Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $23.77 -0.19 (-0.79 %) (As of 03/25/2019 10:02 AM ET)Previous Close$23.96Today's Range$23.7510 - $24.1652-Week Range$22.88 - $33.85Volume9,337 shsAverage Volume117,664 shsMarket Capitalization$1.71 billionP/E Ratio12.01Dividend Yield2.67%Beta1.14 ProfileDiscussionAnalyst RatingsChartDividendEarningsInstitutional OwnershipHeadlinesOptions ChainSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, including demand deposits, negotiable order of withdrawal accounts, 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 construction and acquisition loans. In addition, it provides other services, such as safe deposit boxes, cash management services, travelers' checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; asset management and commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as 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 offers life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance. As of February 28, 2018, it operated 40 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is based in Portsmouth, Virginia. 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Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:TOWN Previous Symbol CUSIP89214P10 CIKN/A Webwww.townebank.com Phone757-638-7500Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio12.01 Forward P/E Ratio11.06 P/E GrowthN/A Sales & Book Value Annual Sales$613.42 million Price / Sales2.79 Cash Flow$1.7088 per share Price / Cash Flow13.91 Book Value$15.85 per share Price / Book1.50Profitability EPS (Most Recent Fiscal Year)$1.98 Net Income$133.79 million Net Margins21.81% Return on Equity9.76% Return on Assets1.33%Miscellaneous Employees2,313 Outstanding Shares72,060,000Market Cap$1.71 billion Next Earnings Date4/24/2019 (Estimated) OptionableOptionable TowneBank (NASDAQ:TOWN) Frequently Asked Questions What is TowneBank's stock symbol? TowneBank trades on the NASDAQ under the ticker symbol "TOWN." How often does TowneBank pay dividends? What is the dividend yield for TowneBank? TowneBank announced a quarterly dividend on Thursday, February 28th. Investors of record on Friday, March 29th will be given a dividend of $0.16 per share on Wednesday, April 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, March 28th. View TowneBank's Dividend History. How were TowneBank's earnings last quarter? TowneBank (NASDAQ:TOWN) announced its earnings results on Thursday, January, 24th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by $0.04. The bank had revenue of $131.42 million for the quarter, compared to the consensus estimate of $141.34 million. TowneBank had a return on equity of 9.76% and a net margin of 21.81%. View TowneBank's Earnings History. When is TowneBank's next earnings date? TowneBank is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for TowneBank. What price target have analysts set for TOWN? 2 brokerages have issued 12 month price objectives for TowneBank's shares. Their predictions range from $31.00 to $34.00. On average, they anticipate TowneBank's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price. View Analyst Price Targets for TowneBank. What is the consensus analysts' recommendation 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. Has TowneBank been receiving favorable news coverage? News coverage about TOWN stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. TowneBank earned a news sentiment score of -1.1 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. Who are some of TowneBank's key competitors? Some companies that are related to TowneBank include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), Bank Ozk (OZK), United Bankshares (UBSI), Associated Banc (ASB), First Hawaiian (FHB), Investors Bancorp (ISBC) and Glacier Bancorp (GBCI). What other stocks do shareholders of TowneBank own? Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include NVIDIA (NVDA), IQIYI (IQ), QUALCOMM (QCOM), Booking (BKNG), Freeport-McMoRan (FCX), Goldman Sachs Group (GS), Micron Technology (MU), Skyworks Solutions (SWKS), Honeywell International (HON) and Visa (V). Who are TowneBank's key executives? TowneBank's management team includes the folowing people: Mr. G. Robert Aston Jr., Exec. Chairman (Age 74)Mr. J. Morgan Davis, Pres, CEO & Director (Age 68)Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 56)Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 49)Mr. Kevin L. Fly, Sr. EVP & Chief Accounting Officer (Age 53) Who are TowneBank's major shareholders? TowneBank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.70%), Dimensional Fund Advisors LP (3.48%), Northern Trust Corp (1.72%), Bank of New York Mellon Corp (1.11%), Geode Capital Management LLC (1.10%) and Geode Capital Management LLC (1.10%). Which institutional investors are selling TowneBank stock? TOWN stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Barclays PLC, First Trust Advisors LP, MetLife Investment Advisors LLC, Aldebaran Financial Inc., Chartwell Investment Partners LLC, New York State Common Retirement Fund and Banc Funds Co. LLC. Which institutional investors are buying TowneBank stock? TOWN stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Dimensional Fund Advisors LP, Geode Capital Management LLC, Geode Capital Management LLC, Weather Gauge Advisory LLC, Thrivent Financial for Lutherans and Rhumbline Advisers. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab. What is TowneBank's stock price today? One share of TOWN stock can currently be purchased for approximately $23.96. How big of a company is TowneBank? TowneBank has a market capitalization of $1.73 billion and generates $613.42 million in revenue each year. The bank earns $133.79 million in net income (profit) each year or $1.98 on an earnings per share basis. TowneBank employs 2,313 workers across the globe. What is TowneBank's official website? The official website for TowneBank is http://www.townebank.com. 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 or via email at [email protected] MarketBeat Community Rating for TowneBank (NASDAQ TOWN)Community Ranking: 2.2 out of 5 ( )Outperform Votes: 158 (Vote Outperform)Underperform Votes: 197 (Vote Underperform)Total Votes: 355MarketBeat's community ratings are surveys of what our community members think about TowneBank and other stocks. Vote "Outperform" if you believe TOWN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOWN will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 3/25/2019 by MarketBeat.com StaffFeatured Article: What are Institutional Investors?