TowneBank (TOWN)

Market Cap	2.54B
Revenue (ttm)	671.84M
Net Income (ttm)	149.30M
Shares Out	74.10M
EPS (ttm)	1.99
PE Ratio	17.21
Forward PE	14.48
Dividend	$1.00 (2.91%)
Ex-Dividend Date	Dec 31, 2024

Volume	469,399
Open	33.87
Previous Close	34.15
Day's Range	33.87 - 34.94
52-Week Range	25.70 - 38.28
Beta	0.94
Analysts	Buy
Price Target	36.00 (+4.9%)
Earnings Date	Jan 22, 2025

About TOWN

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...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: May 7, 1999
• Employees: 2,784
• Stock Exchange: NASDAQ
• Ticker Symbol: TOWN
• Website: https://www.townebank.com

Financial Performance

In 2023, TowneBank's revenue was $675.44 million, a decrease of -0.25% compared to the previous year's $677.14 million. Earnings were $153.72 million, a decrease of -18.66%.

Analyst Forecast

According to 2 analysts, the average rating for TOWN stock is "Buy." The 12-month stock price forecast is $36.0, which is an increase of 4.90% from the latest price.

Price Target

$36.0

(4.90% upside)

Analyst Consensus: Buy