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TowneBank (TOWN)

Stock Price: $30.27 USD 1.01 (3.45%)
Updated Mar 3, 2021 4:00 PM EST - Market closed
Market Cap 2.22B
Revenue (ttm) 597.16M
Net Income (ttm) 145.53M
Shares Out 51.68M
EPS (ttm) 2.01
PE Ratio 15.06
Forward PE n/a
Dividend $0.72
Dividend Yield 2.38%
Trading Day March 3
Last Price $30.27
Previous Close $29.26
Change ($) 1.01
Change (%) 3.45%
Day's Open 29.62
Day's Range 29.56 - 30.73
Day's Volume 235,988
52-Week Range 14.46 - 30.73

News

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GlobeNewsWire - 1 day ago

SUFFOLK, Va., March 02, 2021 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on February 24, 2021 declared its first-quarter shareh...

GlobeNewsWire - 1 week ago

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...

Zacks Investment Research - 1 month ago

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?

GlobeNewsWire - 1 month ago

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

Seeking Alpha - 2 months ago

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 ...

GlobeNewsWire - 3 months ago

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 shareho...

Zacks Investment Research - 4 months ago

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?

GlobeNewsWire - 4 months ago

SUFFOLK, Va., Oct. 22, 2020 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2020 of $34.46 million, or $0.48 per dilute...

Zacks Investment Research - 4 months ago

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.

Zacks Investment Research - 5 months ago

TowneBank has been struggling lately, but the selling pressure may be coming to an end soon.

GlobeNewsWire - 6 months ago

SUFFOLK, Va., Aug. 26, 2020 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on August 26, 2020 declared its third-quarter shareho...

Zacks Investment Research - 7 months ago

TowneBank (TOWN) delivered earnings and revenue surprises of 33.33% and 15.30%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 7 months ago

SUFFOLK, Va., July 23, 2020 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2020 of $34.61 million, or $0.48 per diluted s...

Zacks Investment Research - 7 months ago

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.

Zacks Investment Research - 8 months ago

Is TowneBank (TOWN) a great pick from the value investor's perspective right now? Read on to know more.

Zacks Investment Research - 10 months ago

TowneBank (TOWN) delivered earnings and revenue surprises of 12.50% and -0.25%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 11 months ago

Find Strong Stocks Amid Coronavirus Uncertainty with New Analyst Coverage

Other stocks mentioned: CAMT, SP
Zacks Investment Research - 1 year ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does TowneBank (TOWN) have what it takes?

GlobeNewsWire - 1 year ago

SUFFOLK, Va., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on February 26, 2020 declared its first-quarter share...

Zacks Investment Research - 1 year ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does TowneBank (TOWN) have what it takes?

Zacks Investment Research - 1 year ago

TowneBank (TOWN) delivered earnings and revenue surprises of 16.67% and 0.35%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

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.

GlobeNewsWire - 1 year ago

SUFFOLK, Va., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors on November 27, 2019 declared its fourth-quarter shar...

Zacks Investment Research - 1 year ago

Let's see if TowneBank (TOWN) stock is a good choice for value-oriented investors right now from multiple angles.

Zacks Investment Research - 1 year ago

TowneBank (TOWN) delivered earnings and revenue surprises of 1.96% and 0.35%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 1 year ago

SUFFOLK, Va., Oct. 24, 2019 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2019 of $37.66 million, or $0.52 per dilu...

Zacks Investment Research - 1 year ago

TowneBank (TOWN) delivered earnings and revenue surprises of -7.69% and 2.75%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

TowneBank (TOWN) delivered earnings and revenue surprises of -10.20% and -3.10%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

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.

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... [Read more...]

Industry
Banks-Regional
IPO Date
May 7, 1999
CEO
J. Morgan Davis
Employees
2,800
Stock Exchange
NASDAQ
Ticker Symbol
TOWN
Full Company Profile

Analyst Forecasts

According to 4 analysts, the average rating for TowneBank stock is "Hold." The 12-month stock price forecast is 27.33, which is a decrease of -9.71% from the latest price.

Price Target
$27.33
(-9.71% downside)
Analyst Consensus: Hold