TowneBank (TOWN) News Today

TowneBank (NASDAQ:TOWN - Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $174.97 million for the quarter, compared to the consensus estimate of $172.20 million. TowneBank had a net margin of 15.50% and a return on equity of 7.45%. The company's revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share.

State Board of Administration of Florida Retirement System boosted its position in TowneBank (NASDAQ:TOWN - Free Report) by 94.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 47,696 shares of the bank's stock after acquiring an additional 23,184 sha

Russell Investments Group Ltd. increased its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 92.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,730 shares of the bank's stock after acquiring an additional 87,332 shar

TowneBank (NASDAQ:TOWN) Sets New 52-Week High at $31.95

TowneBank (NASDAQ:TOWN) Sets New 1-Year High at $31.08

LSV Asset Management reduced its stake in TowneBank (NASDAQ:TOWN - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 326,477 shares of the bank's stock after selling 26,846 sha

StockNews.com downgraded shares of TowneBank from a "hold" rating to a "sell" rating in a research report on Thursday.

Goldman Sachs Group Inc. lessened its stake in TowneBank (NASDAQ:TOWN - Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 658,968 shares of the bank's stock after selling 41,647 shares during the period. G

StockNews.com upgraded TowneBank from a "sell" rating to a "hold" rating in a research note on Monday.

Norges Bank bought a new stake in TowneBank (NASDAQ:TOWN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 364,617 shares of the bank's stock, valued at approximately $10,851,000. Norges Bank owned about 0.50% of TowneBank at the end of

TowneBank (NASDAQ:TOWN) declared a quarterly dividend on Wednesday, May 29th. Shareholders of record on Friday, June 28th will be paid a dividend of 0.25 per share by the bank on Friday, July 12th. This represents a $1.00 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, June 28th.

Charles Schwab Investment Management Inc. grew its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 784,137 shares of t

Dimensional Fund Advisors LP lifted its position in TowneBank (NASDAQ:TOWN - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,036,878 shares of the bank's stock after buying an addi

Victory Capital Management Inc. raised its holdings in TowneBank (NASDAQ:TOWN - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,062 shares of the bank's stock after

TowneBank (NASDAQ:TOWN - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 646,600 shares, a growth of 23.3% from the April 15th total of 524,600 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 254,900 shares, the short-interest ratio is currently 2.5 days.

Nuance Investments LLC lifted its holdings in shares of TowneBank (NASDAQ:TOWN - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,410,827 shares of the bank's stock after b

Truist Financial Corp trimmed its stake in TowneBank (NASDAQ:TOWN - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,845 shares of the bank's stock after selling 316,907 shares during th

LSV Asset Management lessened its holdings in shares of TowneBank (NASDAQ:TOWN - Free Report) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,323 shares of the bank's stock after selling 63,900 shares during t

Cary Street Partners Investment Advisory LLC lifted its position in shares of TowneBank (NASDAQ:TOWN - Free Report) by 150.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,438 shares of the ban

TowneBank (NASDAQ:TOWN - Get Free Report) posted its earnings results on Wednesday. The bank reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. TowneBank had a net margin of 16.33% and a return on equity of 8.03%. The business had revenue of $167.10 million for the quarter, compared to analyst estimates of $169.68 million. During the same quarter in the previous year, the business posted $0.62 EPS. The business's quarterly revenue was down 9.2% on a year-over-year basis.

TowneBank (NASDAQ:TOWN - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 506,200 shares, a decrease of 29.4% from the March 15th total of 717,000 shares. Based on an average trading volume of 243,900 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.8% of the shares of the stock are sold short.

Raymond James Financial Services Advisors Inc. lowered its stake in TowneBank (NASDAQ:TOWN - Free Report) by 48.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,650 shares of the bank

Vanguard Group Inc. grew its stake in TowneBank (NASDAQ:TOWN - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,409,093 shares of the bank's stock after buying an additional 101,677 shares d

American Century Companies Inc. reduced its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 59.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,492 shares of the bank's stock after selli

Mariner LLC bought a new position in shares of TowneBank (NASDAQ:TOWN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,447 shares of the bank's stock, valued at approximately $905,000. M

TowneBank (NASDAQ:TOWN) announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 29th will be paid a dividend of 0.25 per share by the bank on Friday, April 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, March 27th.

Charles Schwab Investment Management Inc. lifted its stake in shares of TowneBank (NASDAQ:TOWN - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 752,382 shares of the bank's stock after purchasing an addi