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TowneBank (TOWN)

Stock Price: $22.30 USD -0.45 (-1.98%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 1.62B
Revenue (ttm) 563.00M
Net Income (ttm) 130.56M
Shares Out 72.62M
EPS (ttm) 1.80
PE Ratio 12.39
Forward PE n/a
Dividend $0.72
Dividend Yield 3.23%

Stock Quote

Trading Day November 27
Last Price $22.30
Previous Close $22.75
Change ($) -0.45
Change (%) -1.98%
Day's Open 22.69
Day's Range 21.92 - 22.90
Day's Volume 72,215
52-Week Range 15.03 - 29.02

More Stats

Market Cap 1.62B
Enterprise Value n/a
Earnings Date (est) Jan 28, 2021
Ex-Dividend Date Sep 29, 2020
Shares Outstanding 72.62M
Float 64.63M
EPS (basic) n/a
EPS (diluted) 1.80
FCF / Share n/a
Dividend $0.72
Dividend Yield 3.23%
Earnings Yield 8.07%
FCF Yield n/a
Payout Ratio n/a
Shares Short 439,855
Short Ratio 2.06
Short % of Float 0.68%
Beta 1.11
PE Ratio 12.39
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 2.88
PB Ratio 0.95
Revenue 563.00M
Operating Income n/a
Net Income 130.56M
Free Cash Flow n/a
Net Cash n/a
Net Cash / Share n/a
Gross Margin 98.50%
Operating Margin n/a
Profit Margin n/a
FCF Margin n/a
ROA 1.13%
ROE 8.94%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (4)

Buy 0
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$22.33*
(0.13% upside)
Low
20.0
Current: $22.30
High
24.0
Target: 22.33
*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 2,450
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.