NASDAQ:TOWN - TowneBank Stock Price, News, & Analysis

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$27.45 -0.51 (-1.82 %)
(As of 11/20/2018 04:00 PM ET)
Previous Close$27.96
Today's Range$27.36 - $28.13
52-Week Range$25.50 - $35.00
Volume116,200 shs
Average Volume142,689 shs
Market Capitalization$2.03 billion
P/E Ratio17.60
Dividend Yield2.28%
Beta0.98
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
Phone757-638-7500

Debt

Debt-to-Equity Ratio0.60
Current Ratio1.01
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio17.60
Forward P/E Ratio13.46
P/E GrowthN/A

Sales & Book Value

Annual Sales$493.23 million
Price / Sales4.01
Cash Flow$1.6820 per share
Price / Cash16.32
Book Value$15.85 per share
Price / Book1.73

Profitability

EPS (Most Recent Fiscal Year)$1.56
Net Income$87.66 million
Net Margins19.03%
Return on Equity9.94%
Return on Assets1.35%

Miscellaneous

Employees2,313
Outstanding Shares72,060,000
Market Cap$2.03 billion
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 Friday, August 24th. Investors of record on Friday, September 28th will be paid a dividend of $0.16 per share on Wednesday, October 10th. This represents a $0.64 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, September 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) released its quarterly earnings data on Thursday, October, 25th. The bank reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The bank had revenue of $137.91 million for the quarter, compared to the consensus estimate of $138.83 million. TowneBank had a return on equity of 9.94% and a net margin of 19.03%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

TowneBank is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for TowneBank.

What price target have analysts set for TOWN?

5 brokerages have issued 12 month price objectives for TowneBank's stock. Their predictions range from $31.00 to $35.00. On average, they expect TowneBank's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price. View Analyst Price Targets for TowneBank.

What is the consensus analysts' recommendation 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." View Analyst Ratings for TowneBank.

Has TowneBank been receiving favorable news coverage?

News stories about TOWN stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TowneBank earned a daily sentiment score of 1.2 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

Who are some of TowneBank's key competitors?

Who are TowneBank's key executives?

TowneBank's management team includes the folowing people:
  • Mr. G. Robert Aston Jr., Exec. Chairman (Age 73)
  • Mr. J. Morgan Davis, Pres, CEO, Chief Banking Officer & Director (Age 67)
  • Mr. Brad E. Schwartz CPA, Sr. EVP, COO & Director (Age 55)
  • Mr. William B. Littreal, Sr. EVP, CFO & Director of Investor Relations (Age 48)
  • Mr. Kevin L. Fly, Exec. VP & Chief Accounting Officer (Age 52)

Who are TowneBank's major shareholders?

TowneBank's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.37%), Dimensional Fund Advisors LP (3.29%), Renaissance Technologies LLC (1.26%), Bank of New York Mellon Corp (1.10%), Chartwell Investment Partners LLC (0.65%) and The Manufacturers Life Insurance Company (0.65%).

Which major investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Russell Investments Group Ltd., Credit Suisse AG, Chartwell Investment Partners LLC, Bank of New York Mellon Corp, TIAA CREF Investment Management LLC, River Oaks Capital LLC and Alliancebernstein L.P..

Which major investors are buying TowneBank stock?

TOWN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, Sterling Capital Management LLC, MetLife Investment Advisors LLC, Engineers Gate Manager LP, Victory Capital Management Inc. and BlueMountain Capital Management 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 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 $27.45.

How big of a company is TowneBank?

TowneBank has a market capitalization of $2.03 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.

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:  2.3 out of 5 (star star)
Outperform Votes:  147 (Vote Outperform)
Underperform Votes:  171 (Vote Underperform)
Total Votes:  318
MarketBeat'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 11/20/2018 by MarketBeat.com Staff

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