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TowneBank Stock Price, News & Analysis (NASDAQ:TOWN)

$27.41
-0.21 (-0.76 %)
(As of 10/17/2019 09:17 AM ET)
Today's Range
$27.30
Now: $27.41
$27.75
50-Day Range
$25.77
MA: $27.25
$28.48
52-Week Range
$22.88
Now: $27.41
$29.48
Volume93,307 shs
Average Volume166,038 shs
Market Capitalization$1.98 billion
P/E Ratio13.84
Dividend Yield2.63%
Beta1.1
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, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts, and negotiable order of withdrawal accounts. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:TOWN
CUSIP89214P10
CIKN/A
Phone757-638-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$613.42 million
Cash Flow$2.41 per share
Book Value$21.35 per share

Profitability

Net Income$133.79 million

Miscellaneous

Employees2,410
Market Cap$1.98 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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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 declared a -- dividend on Friday, August 30th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.18 per share on Thursday, October 10th. This represents a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 27th. View TowneBank's Dividend History.

How were TowneBank's earnings last quarter?

TowneBank (NASDAQ:TOWN) issued its earnings results on Thursday, July, 25th. The bank reported $0.48 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.04. The bank earned $144.54 million during the quarter, compared to analysts' expectations of $140.67 million. TowneBank had a net margin of 21.63% and a return on equity of 9.06%. View TowneBank's Earnings History.

When is TowneBank's next earnings date?

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

What price target have analysts set for TOWN?

2 analysts have issued 12 month target prices for TowneBank's stock. Their forecasts range from $27.00 to $31.00. On average, they expect TowneBank's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 5.8% 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 very negative this week, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. TowneBank earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, meaning 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.

Are investors shorting TowneBank?

TowneBank saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 684,500 shares, a drop of 12.6% from the August 30th total of 783,300 shares. Based on an average trading volume of 134,000 shares, the short-interest ratio is presently 5.1 days. Currently, 1.1% of the company's stock are short sold. View TowneBank's Current Options Chain.

Who are some of TowneBank's key competitors?

What other stocks do shareholders of TowneBank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TowneBank investors own include Noble (NE), Dominion Energy (D), Goodyear Tire & Rubber (GT), NVIDIA (NVDA), IQIYI (IQ), CVS Health (CVS), Altria Group (MO), Weyerhaeuser (WY), Booking (BKNG) and CoStar Group (CSGP).

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 number of of institutional and retail investors. Top institutional shareholders include Reliance Trust Co. (1.14%), Denali Advisors LLC (0.10%) and Carroll Financial Associates Inc. (0.00%).

Which institutional investors are selling TowneBank stock?

TOWN stock was sold by a variety of institutional investors in the last quarter, including Carroll Financial Associates Inc. and Reliance Trust Co..

Which institutional investors are buying TowneBank stock?

TOWN stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors 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, Robinhood, Fidelity and Charles Schwab.

What is TowneBank's stock price today?

One share of TOWN stock can currently be purchased for approximately $27.41.

How big of a company is TowneBank?

TowneBank has a market capitalization of $1.98 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 2,410 workers across the globe.View Additional Information About TowneBank.

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, 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:  2.1 out of 5 (star star)
Outperform Votes:  169 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  400
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 10/17/2019 by MarketBeat.com Staff

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