Towne Bank (TOWN) Stock Price, News & Analysis

Company Overview

TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, 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 acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options comprising alternative investments, annuities, margin accounts, convertible bonds, and pension and profit-sharing plans. Additionally, it provides residential real estate, relocation, property management, vacation rentals, and title and settlement services; and originates residential mortgage loans. The company also offers life, property, casualty, and vehicle insurance services; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates in Richmond, Virginia, the Greater Hampton Roads region in southeastern Virginia, northeastern North Carolina, Raleigh, Charlotte, Greensboro, and Greenville, North Carolina. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.

Key Stats

• Today's Range: $36.80 to $37.33
• 50-Day Range: $32.58 to $36.63
• 52-Week Range: $29.43 to $38.28
• Volume: 103,336 shs
• Average Volume: 251,541 shs
• Market Capitalization: $2.80 billion
• P/E Ratio: 16.23
• Dividend Yield: 2.89%
• Price Target: $40.67
• Consensus Rating: Moderate Buy

Towne Bank Stock Analysis - MarketRank™

Towne Bank scored higher than 72% of companies evaluated by MarketBeat, and ranked 294th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Towne Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Towne Bank has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 28.85%

Earnings Growth

Earnings for Towne Bank are expected to grow by 28.85% in the coming year, from $2.60 to $3.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Towne Bank is 16.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Towne Bank is 16.19, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.64.

Price to Book Value per Share Ratio

Towne Bank has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.77% of the float of Towne Bank has been sold short.

Short Interest Ratio / Days to Cover

Towne Bank has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Towne Bank has recently decreased by 10.14%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Towne Bank pays a meaningful dividend of 3.07%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Towne Bank has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Towne Bank is 46.96%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Towne Bank will have a dividend payout ratio of 32.24% next year. This indicates that Towne Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.77% of the float of Towne Bank has been sold short.

Short Interest Ratio / Days to Cover

Towne Bank has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Towne Bank has recently decreased by 10.14%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: N/A

News Sentiment

Towne Bank has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.97 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Towne Bank this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for TOWN on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Towne Bank insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.14% of the stock of Towne Bank is held by insiders.

Percentage Held by Institutions

55.99% of the stock of Towne Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TOWN Stock Analysis - Frequently Asked Questions

How have TOWN shares performed this year?

Towne Bank's stock was trading at $34.06 on January 1st, 2025. Since then, TOWN stock has increased by 9.3% and is now trading at $37.23.

How were Towne Bank's earnings last quarter?

Towne Bank (NASDAQ:TOWN) issued its quarterly earnings results on Wednesday, July, 23rd. The bank reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. The business's revenue for the quarter was up 18.6% compared to the same quarter last year.

Who are Towne Bank's major shareholders?

Towne Bank's top institutional investors include Geode Capital Management LLC (2.30%), American Century Companies Inc. (0.80%), Bank of New York Mellon Corp (0.70%) and JPMorgan Chase & Co. (0.36%).

How do I buy shares of Towne Bank?

Shares of TOWN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Towne Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Towne Bank investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Record date for 7/11 Dividend: 6/27/2025
• Ex-Dividend for 7/11 Dividend: 6/27/2025
• Dividend Payable: 7/11/2025
• Last Earnings: 7/23/2025
• Today: 8/13/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - SOUTHEAST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:TOWN
• CIK: N/A
• Web: www.townebank.com
• Phone: (757) 638-7500
• Fax: 215-832-1055
• Employees: 2,720
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Towne Bank: $40.67
• High Price Target: $41.00
• Low Price Target: $40.00
• Potential Upside/Downside: +9.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.30
• Trailing P/E Ratio: 16.19
• Forward P/E Ratio: 14.32
• P/E Growth: N/A
• Net Income: $161.76 million
• Net Margins: 16.49%
• Pretax Margin: 19.99%
• Return on Equity: 9.05%
• Return on Assets: 1.14%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.87
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $749.92 million
• Price / Sales: 3.72
• Cash Flow: $2.86 per share
• Price / Cash Flow: 13.02
• Book Value: $28.74 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 75,001,000
• Free Float: 68,896,000
• Market Cap: $2.79 billion
• Optionable: Optionable
• Beta: 0.84