TowneBank (TOWN)

NASDAQ: TOWN · IEX Real-Time Price · USD
30.93
+0.12 (0.39%)
Aug 16, 2022 11:18 AM EDT - Market open
0.39%
Market Cap 2.25B
Revenue (ttm) 661.90M
Net Income (ttm) 191.97M
Shares Out 72.75M
EPS (ttm) 2.52
PE Ratio 12.27
Forward PE n/a
Dividend $0.83 (2.68%)
Ex-Dividend Date Jun 29, 2022
Volume 9,569
Open 30.70
Previous Close 30.81
Day's Range 30.61 - 30.93
52-Week Range 26.18 - 34.79
Beta 0.99
Analysts Sell
Price Target 34.68 (+12.1%)
Earnings Date Aug 4, 2022

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... [Read more...]

Industry Banks
IPO Date May 7, 1999
CEO J. Morgan Davis
Employees 2,617
Stock Exchange NASDAQ
Ticker Symbol TOWN
Full Company Profile

Analyst Forecast

According to 6 analysts, the average rating for TOWN stock is "Sell." The 12-month stock price forecast is 34.68, which is an increase of 12.12% from the latest price.

Price Target
$34.68
(12.12% upside)
Analyst Consensus: Sell
Stock Forecasts

News

TowneBank Reports Second Quarter 2022 Earnings

SUFFOLK, Va., July 28, 2022 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended June 30, 2022 of $46.55 million, or $0.64 per diluted sh...

TowneBank Announces Quarterly Cash Dividend

Common Stock Dividend Increased By 15% Common Stock Dividend Increased By 15%

Analysts Estimate TowneBank (TOWN) to Report a Decline in Earnings: What to Look Out for

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.

TowneBank (TOWN) Q1 Earnings and Revenues Beat Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 5% and 0.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

TowneBank Reports First Quarter 2022 Earnings

SUFFOLK, Va., April 28, 2022 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2022 of $45.59 million, or $0.63 per diluted ...

TowneBank Announces Retirement of Three Directors

SUFFOLK, Va., April 14, 2022 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that three long-serving members of its Board of Directors, E. Lee Baynor, Thomas C. Broyles and F. Lewis Wood, w...

TowneBank Announces Completion of Subordinated Notes Offering

SUFFOLK, Va., Feb. 09, 2022 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its public offering and sale of $250 million of its 3.125% fixed-to-floating rate subordinated ...

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AMP, BG, and TOWN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 3, 2022

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TowneBank Announces Pricing of Subordinated Notes Offering

SUFFOLK, Va., Feb. 02, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (Nasdaq: TOWN) announced today the pricing of its offering of $250 million of its 3.125% fixed-to-floating rate subordinated not...

TowneBank (TOWN) Lags Q4 Earnings Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of -8.33% and 0.11%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

TowneBank Announces CEO Transition

SUFFOLK, Va., Jan. 27, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today that J. Morgan Davis, a founding member of the Company and current Chief Executive Off...

TowneBank Reports Record Full Year and Fourth Quarter Financial Results for 2021

22nd Consecutive Year of Earnings Improvement 22nd Consecutive Year of Earnings Improvement

TowneBank (TOWN) Q3 Earnings and Revenues Surpass Estimates

TowneBank (TOWN) delivered earnings and revenue surprises of 9.52% and 5.62%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

TowneBank Reports Third Quarter 2021 Earnings

SUFFOLK, Va., Oct. 28, 2021 (GLOBE NEWSWIRE) -- TowneBank (the "Company" or "Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2021 of $50.40 million, or $0.69 per dilut...

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.

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...

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?

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...

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.

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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).

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

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

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Other symbols: BOOTNBTBPLCE