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TowneBank (TOWN)

Stock Price: $19.12 USD 0.84 (4.60%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed
After-hours: $19.10 -0.02 (-0.11%) Aug 7, 7:53 PM

Stock Price Chart

Key Info

Market Cap 1.39B
Revenue (ttm) 546.83M
Net Income (ttm) n/a
Shares Out 72.62M
EPS (ttm) 1.84
PE Ratio 10.39
Forward PE n/a
Dividend $0.72
Dividend Yield 3.77%

Stock Quote

Trading Day Aug 7, 2020
Last Price $19.12
Previous Close $18.28
Change ($) 0.84
Change (%) 4.60%
Day's Open 18.18
Day's Range 18.04 - 19.13
Day's Volume 128,367
52-Week Range 15.03 - 29.02

More Stats

Market Cap 1.39B
Enterprise Value n/a
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jun 29, 2020
Shares Outstanding 72.62M
Float 65.39M
EPS (basic) n/a
EPS (diluted) 1.84
FCF / Share n/a
Dividend $0.72
Dividend Yield 3.77%
Earnings Yield 9.62%
FCF Yield n/a
Payout Ratio n/a
Shares Short 825,837
Short Ratio 3.78
Short % of Float n/a
Beta 1.12
PE Ratio 10.39
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 2.54
PB Ratio 0.80
Revenue 546.83M
Operating Income n/a
Net Income n/a
Free Cash Flow n/a
Net Cash n/a
Net Cash / Share 0.00
Gross Margin 101.42%
Operating Margin n/a
Profit Margin n/a
FCF Margin n/a
ROA 1.02%
ROE 8.42%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 0
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$20.33*
(6.33% upside)
Low
19.0
Current: $19.12
High
21.0
Target: 20.33
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial Overview

No financial data available for this stock yet.

Company Profile

Company Details

Full Name TowneBank
Country United States
Employees 2,446
CEO J. Morgan Davis

Stock Information

Ticker Symbol TOWN
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: TOWN
IPO Date May 7, 1999

Description

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 expansion, and equipment and machinery purchases; and mortgage loans, as well as real estate acquisition, development, and construction loans. In addition, it provides other services, such as safe deposit boxes, treasury management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as online, mobile, and on-call banking services. Further, the company offers documentation services to accomplish tax deferral to investors; investment and asset management services; commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, as well as assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Additionally, it provides residential real estate, relocation, property management, vacations rental, and title and settlement services; and originates residential mortgage loans. The company offers life, property, casualty, travel, and vehicle insurance services; medical, and baggage protection insurance for travelers; and employee benefit programs, such as health, dental, vision, and disability insurance. It operates 42 banking offices in Virginia and North Carolina. TowneBank was founded in 1998 and is headquartered in Portsmouth, Virginia.