TowneBank (TOWN)

NASDAQ: TOWN · Real-Time Price · USD
36.69
-0.05 (-0.14%)
At close: Aug 29, 2025, 4:00 PM
36.69
0.00 (0.00%)
After-hours: Aug 29, 2025, 4:20 PM EDT
-0.14%
Market Cap2.73B
Revenue (ttm)741.83M
Net Income (ttm)173.64M
Shares Out 74.32M
EPS (ttm)2.30
PE Ratio15.92
Forward PE11.47
Dividend$1.08 (2.94%)
Ex-Dividend DateSep 29, 2025
Volume563,959
Open36.89
Previous Close36.74
Day's Range36.55 - 37.02
52-Week Range29.43 - 38.28
Beta0.86
AnalystsBuy
Price Target40.50 (+10.38%)
Earnings DateOct 22, 2025

About TOWN

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]

Sector Financials
IPO Date May 7, 1999
Employees 2,720
Stock Exchange NASDAQ
Ticker Symbol TOWN
Full Company Profile

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 Statements

Analyst 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 10.38% from the latest price.

Price Target
$40.5
(10.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Alt.town $TOWN Token Secures Listing on Binance Alpha

PANAMA CITY, Republic of Panama--(BUSINESS WIRE)-- #Alttown--Alt.town $TOWN token secures listing on Binance Alpha, the exchange's selective wallet-based listing program, making entry to the global ma...

1 day ago - Business Wire

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its third-quarter shareholder cash dividend of $0.27 p...

2 days ago - GlobeNewsWire

KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On August 19, 2025, Portsmouth, VA-based TowneBank (NASDAQ: TOWN)(KBRA Senior Unsecured Debt rating: A-/Stable Outlook) announced a definitive acquisit...

9 days ago - Business Wire

TowneBank Expands Carolinas Presence Through Agreement to Acquire Dogwood State Bank

SUFFOLK, Va. and RALEIGH, N.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Raleigh based Dogwood State Bank (OTCQX: DSBX) (“Dogwood”), today announced the signi...

10 days ago - GlobeNewsWire

TowneBank: Acquisitions Boost Earnings (Rating Upgrade)

TowneBank's Q2 results were impacted by non-recurring acquisition costs, but core earnings remain strong and underlying profitability is robust. Recent acquisitions, including Village Bank and Old Poi...

11 days ago - Seeking Alpha

TowneBank and Old Point Financial Corporation Announce Expected Closing Date and Election Deadline for Merger

SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) (“Old Point”), the parent company of ...

15 days ago - GlobeNewsWire

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 ...

Other symbols: CATLOWALRSCASYDCIFLOKR
3 months ago - Seeking Alpha

TowneBank and Old Point Financial Corporation Announce Agreement to Merge

SUFFOLK, Va. and HAMPTON, Va.

5 months ago - GlobeNewsWire

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.

5 months ago - GlobeNewsWire

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...

Other symbols: VBFC
6 months ago - GlobeNewsWire

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.

Other symbols: WT
10 months ago - Benzinga

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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,...

2 years ago - Seeking Alpha

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...

2 years ago - Business Wire

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...

Other symbols: ARECAHEPRTLIINFGNHCO
2 years ago - Seeking Alpha

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...

Other symbols: CATTGTASHDCIFLOLIILOW
2 years ago - Seeking Alpha

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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....

2 years ago - GlobeNewsWire