TowneBank (TOWN)
| Market Cap | 2.62B |
| Revenue (ttm) | 741.83M |
| Net Income (ttm) | 173.64M |
| Shares Out | 74.32M |
| EPS (ttm) | 2.31 |
| PE Ratio | 15.29 |
| Forward PE | 11.01 |
| Dividend | $1.08 (3.09%) |
| Ex-Dividend Date | Jun 27, 2025 |
| Volume | 147,533 |
| Open | 34.95 |
| Previous Close | 34.93 |
| Day's Range | 34.95 - 35.30 |
| 52-Week Range | 29.43 - 38.28 |
| Beta | 0.86 |
| Analysts | Buy |
| Price Target | 40.50 (+14.8%) |
| Earnings Date | Jul 23, 2025 |
About ALLK
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals in Virginia and North Carolina. 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 work... [Read more]
Financial Performance
In 2024, TowneBank's revenue was $694.30 million, an increase of 2.79% compared to the previous year's $675.44 million. Earnings were $161.76 million, an increase of 5.23%.
Financial StatementsAnalyst Summary
According to 2 analysts, the average rating for TOWN stock is "Buy." The 12-month stock price target is $40.5, which is an increase of 14.80% from the latest price.
News
Caterpillar To Lead Dividend Increases In June As Lowe's Boosted Payout At End Of May
Dividend growth remains robust for select companies, with Casey's, Oil-Dri, and Matson poised for double-digit increases based on strong earnings and expansion. Caterpillar and Kroger are expected to ...
TowneBank Announces Quarterly Cash Dividend
SUFFOLK, Va., May 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 p...
TowneBank and Old Point Financial Corporation Announce Agreement to Merge
SUFFOLK, Va. and HAMPTON, Va.
TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger
SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank.
TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger
SUFFOLK, Va. and MIDLOTHIAN, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”) today announce...
Top 2 Financials Stocks That May Fall Off A Cliff This Quarter
As of Nov. 22, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
TowneBank Reports First Quarter 2024 Earnings
SUFFOLK, Va., April 24, 2024 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2024 of $34.69 million, or $0.46 per dilute...
TowneBank Announces Retirement of Two Directors
SUFFOLK, Va., March 27, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that two long-serving members of its Board of Directors, Jacqueline B.
Sachin Shetty, Ph.D., Joins TowneBank Corporate Board of Directors
SUFFOLK, Va., March 05, 2024 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that TowneBank has appointed Sachin Shetty, Ph.D.
Townebank Announces Quarterly Cash Dividend
SUFFOLK, Va., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.25 ...
TowneBank Reports Third Quarter 2023 Earnings
SUFFOLK, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2023 of $44.86 million, or $0.60 per dil...
TowneBank Reports Second Quarter 2023 Earnings
SUFFOLK, Va., July 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2023 of $41.72 million, or $0.56 per diluted share, compared t...
TowneBank: Trading At 12x Earnings And 1.2x Tangible Book Value
TowneBank has completed the acquisition of Farmers Bankshares. The net income in Q1 was still pretty strong thanks to an increased net interest income. The total amount of loan loss provisions spiked,...
KBRA Affirms Ratings for TowneBank
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for Portsmo...
9 Upcoming Dividend Increases Including A Dividend King
Dividend increases typically indicate strong business performance and a commitment to rewarding shareholders. The article provides a list of companies with at least five years of consistent dividend g...
Caterpillar, Target Among 10 Companies To Announce Annual Dividend Increases In June
The latter half of May was disappointing for dividend growth investors, as Lowe's pulled back on its dividend growth rate and Union Pacific skipped its annual increase. The big increases came from sma...
TowneBank Reports First Quarter 2023 Earnings
SUFFOLK, Va., April 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2023 of $38.33 million, or $0.52 per diluted share, compared...
Aubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of Directors
SUFFOLK, Va., March 14, 2023 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that the TowneBank Board of Directors has appointed Aubrey L. Layne, Jr. and J. Christopher Perry to it...
TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022
SUFFOLK, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2022. For the year ended...
TowneBank Announces Completion of Farmers Bank Merger
SUFFOLK, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Farmers Bankshares, Inc. and its subsidiary, Farmers Bank, Windsor, Virginia....
TowneBank Names Clark as Chief Operating Officer
SUFFOLK, Va., Jan. 05, 2023 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) is pleased to announce the promotion of R. Lee Clark to Chief Operating Officer. In this role, Clark...
TowneBank Announces Timing of Closing of Farmers Bank Merger
SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, V...
TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles
SUFFOLK, Va., Nov. 23, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today that Brad E. Schwartz, Towne's president and chief operating officer, will retire fr...
TowneBank Reports Third Quarter 2022 Earnings
SUFFOLK, Va., Oct. 27, 2022 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2022 of $50.17 million, or $0.69 per dil...
TowneBank Promotes Morrison and Miller
SUFFOLK, Va., Oct. 13, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today the promotions of William T. Morrison to president and chief executive officer of To...