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TowneBank (TOWN)

NASDAQ: TOWN · IEX Real-Time Price · USD
31.54 -0.23 (-0.72%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap2.28B
Revenue (ttm)694.68M
Net Income (ttm)n/a
Shares Out51.68M
EPS (ttm)2.89
PE Ratio10.91
Forward PEn/a
Dividend$0.74 (2.35%)
Ex-Dividend DateSep 29, 2021
Volume138,813
Open31.35
Previous Close31.77
Day's Range31.14 - 31.82
52-Week Range16.87 - 32.82
Beta1.12
AnalystsHold
Price Target34.33 (+8.8%)
Est. Earnings DateOct 28, 2021

About TOWN

TowneBank provides retail and commercial banking services for individuals, professionals, and commercial enterprises. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, 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 expan...

IndustryBanks
IPO DateMay 7, 1999
CEOJ. Morgan Davis
Employees2,557
Stock ExchangeNASDAQ
Ticker SymbolTOWN
Full Company Profile

Analyst Forecast

According to 4 analysts, the average rating for TowneBank stock is "Hold." The 12-month stock price forecast is 34.33, which is an increase of 8.85% from the latest price.

Price Target
$34.33
(8.85% upside)
Analyst Consensus: Hold

News

TowneBank (TOWN) Earnings Expected to Grow: Should You Buy?

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 day ago - Zacks Investment Research

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on August 25, 2021 declared its third-quarter shareholder cash di...

1 month ago - GlobeNewsWire

TowneBank Names Brad E. Schwartz President and Chief Operating Officer

SUFFOLK, Va., July 30, 2021 (GLOBE NEWSWIRE) -- TowneBank (NASDAQ: Towne) announced today that its Board of Directors has elected Brad Schwartz as President and Chief Operating Officer succeeding J. Mor...

2 months ago - GlobeNewsWire

TowneBank (TOWN) Tops Q2 Earnings and Revenue Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 11.59% and 0.21%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

TowneBank Reports Second Quarter 2021 Earnings

SUFFOLK, Va., July 29, 2021 (GLOBE NEWSWIRE) -- TowneBank (the "Company") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2021 of $55.80 million, or $0.77 per diluted share, compar...

2 months ago - GlobeNewsWire

TowneBank (TOWN) Earnings Expected to Grow: What to Know Ahead of Q2 Release

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for June 24th

Top Ranked Income Stocks to Buy for June 24th

Other symbols:AVNTRIOSTX
3 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for June 16th

Top Ranked Income Stocks to Buy for June 16th

Other symbols:CCOICMIFISI
4 months ago - Zacks Investment Research

TowneBank (TOWN) Moves to Strong Buy: Rationale Behind the Upgrade

TowneBank (TOWN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

4 months ago - Zacks Investment Research

TowneBank (TOWN) Announces 11% Dividend Hike: Is it Worth a Look?

In a bid to increase shareholder value, TowneBank (TOWN) raises quarterly cash dividend.

4 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for June 2nd

Top Ranked Income Stocks to Buy for June 2nd

4 months ago - Zacks Investment Research

TowneBank Announces Quarterly Cash Dividend

Common Stock Dividend Increased by 11%

4 months ago - GlobeNewsWire

Top Ranked Momentum Stocks to Buy for May 27th

Top Ranked Momentum Stocks to Buy for May 27th

Other symbols:BOOTNBTBPLCE
4 months ago - Zacks Investment Research

TowneBank (TOWN) Beats Q1 Earnings and Revenue Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 46.15% and 9.76%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

TowneBank Reports Record First Quarter 2021 Earnings

SUFFOLK, Va., April 29, 2021 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2021 of $69.0 million, or $0.95 per diluted share, compa...

5 months ago - GlobeNewsWire

5 Cheap Stocks Paying High Dividend Yields

As of April 22, the GuruFocus All-in-One Screener, a Premium feature, found that the following companies have low price-earnings ratios and high dividend yields.

Other symbols:BDNBIGSIM
6 months ago - GuruFocus

TowneBank (TOWN) Earnings Expected to Grow: Should You Buy?

TowneBank (TOWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

TowneBank (TOWN): Strong Industry, Solid Earnings Estimate Revisions

TowneBank (TOWN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

6 months ago - Zacks Investment Research

TowneBank's (TOWN) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in TowneBank (TOWN).

7 months ago - Zacks Investment Research

Towne Insurance Agency Announces Expanded Executive Management Team and Naming of New President and Chief Executive O...

SUFFOLK, Va., Feb. 19, 2021 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: Town) today reported that its wholly-owned insurance brokerage subsidiary, Towne Insurance Agency, has expanded its Executive Managemen...

8 months ago - GlobeNewsWire

TowneBank (TOWN) Q4 Earnings and Revenues Surpass Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 30.19% and 8.07%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2020

21st Consecutive Year of Earnings Improvement 21st Consecutive Year of Earnings Improvement

8 months ago - GlobeNewsWire

TowneBank: Trading At Its Book Value And With A 3%+ Dividend Yield

Townebank's loan book appears to be very CRE-heavy, but the total amount of loans past due is very low. The total amount of loans where deferrals and/or modifications were in place has fallen by more th...

10 months ago - Seeking Alpha

TowneBank Announces Quarterly Cash Dividend

SUFFOLK, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on December 2, 2020 declared its fourth-quarter shareholder cash ...

10 months ago - GlobeNewsWire

TowneBank (TOWN) Surpasses Q3 Earnings and Revenue Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 2.13% and 21.21%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research